Russian stocks seen neutral on USЦChina talks uncertainty - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks seen neutral on USЦChina talks uncertainty

MOSCOW, Oct 7 (PRIME) -- The Russian stock market is to open with marginal changes on Monday on the news about new difficulties in negotiations between the U.S. and China, analysts said.

УConsolidation close to the level of 1,300 of the RTS index is possible in the short term. Global market investors prefer protective assets, judging by the dynamics of the sovereign bonds yield, due to the uncertainty about the trade negotiations between the U.S. and China among others Ц the Chinese side had reportedly notified about narrowing of the range of issues subject to discussion at the talks,Ф Olma senior analyst Anton Startsev said

According to a report by Bloomberg, China will arrive to the negotiations with the U.S. on ThursdayЦFriday with a modified version of the final agreement that will not include reforms of the Chinese industrial policies and subsidies for business. Vadim Kravchuk, analyst at investment company Solid, said he expects this factor to reduce the likeliness of reaching an agreement during the negotiations.

Kravchuk said that the U.S. will likely announce new restrictions against China before Thursday. Because of the latest news about the forthcoming negotiations, the oil prices and the Asian markets are demonstrating neutral dynamics, he said.

Mikhail Poddubsky, senior analyst at Promsvyazbank, said that the Russian market is somewhat oversold, and the MOEX Russia Index can return to above 2,700 soon.

According to Kravchuk, several large Russian companies will be traded without dividends, which will presse the Russian market.


07.10.2019 09:15
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 87.0399 +1.0839 14 aug
USD 73.6067 +0.3716 14 aug
Stock Market Indices
1D 1W 1M 1Y
rtsi 1326.13 +1.45 18:50 13 aug
micex 3080.44 +0.87 18:50 13 aug
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 192.80 +1.63 23:49 13 aug
lkoh 5303.00 +2.57 23:49 13 aug
rosn 377.85 +2.90 23:49 13 aug
sber 242.40 +4.19 23:49 13 aug
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 87.1475 +0.9875 14:59 13 aug
USDTD 73.6500 +0.6400 17:44 13 aug