Russian stocks to open flat as investors focus on U.S. Treasuries - 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 to open flat as investors focus on U.S. Treasuries

MOSCOW, May 15 (PRIME) -- The Russian stock market can open neutrally on Tuesday, because investors have lost their interest to emerging market assets as U.S. TreasuriesТ yields increased, analysts said.

УThe state of the external background before the start of trade in Russia can be characterized as unclear, or close to neutral,Ф Vitaly Manzhos, a senior risk manager at investment company Nord Capital, said.

Olma senior analyst Anton Startsev said that the external background gives the market no clue where to move as oil prices remain high but the yield on 10-year U.S. Treasuries has exceeded 3.0%, hurting the attractiveness of emerging marketsТ assets.

Manzhos said that the MOEX Russia Index is to open little changed, at 2,355Ц2,360. The nearest support levels are 2,350 and 2,340 and resistance is at 2,370 and 2,380.

Startsev said that the RTS can return to a below 1,200 during trade.


15.05.2018 09:41
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 72.6243 -0.2069 24 aug
USD 65.6046 -0.0150 24 aug
Stock Market Indices
1D 1W 1M 1Y
rtsi 1268.45 -1.11 18:50 23 aug
micex 2660.74 -0.54 18:50 23 aug
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 229.35 -1.17 18:49 23 aug
lkoh 5183.50 -1.73 18:49 23 aug
rosn 405.60 -0.10 18:49 23 aug
sber 219.50 0.00 18:49 23 aug
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 72.6700 -0.4825 14:59 23 aug
USDTD 65.7350 -0.1625 17:44 23 aug