Russian stocks to open flat on lack of drivers for growth - 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 on lack of drivers for growth

MOSCOW, Jul 16 (PRIME) Ц The Russian stocks are likely to open with little change on Tuesday on a lackluster external background, while foreign traders are waiting for corporate reports, analysts said.

УThe external background provides no grounds for the RTS Index to move away from its consolidation. Traders of foreign stock floors are waiting for a flow of corporate reports for the second quarter of this year,Ф OlmaТs senior analyst Anton Startsev said.

The U.S. stock indices grew by about up to 0.2% on Monday, while the futures for the indices are in the green zone on Tuesday morning. The European indices also grew on Monday, while the majority of the Asian markets are in a slight downward correction, Startsev said.

Investment company Solid also said in a research note that the background for the Russian market is neutral in the morning.

УThe Chinese indices started to fall in spite of some positive momentsЕYesterdayТs data on gross domestic product confirmed that the trade dispute (with the U.S.) has a noticeable impact on the countryТs economy, and the risks are rising. But both countries are interested in the deal, so investors hope for a favorable outcome,Ф the research note read.

The Brent oil price again failed to stay above U.S. $67 per barrel. УThere are still chances for growth (of the oil price) to happen, as the current trend is yet to end, and joint oil reserves fell from their maximum levels a long time ago,Ф Solid said in the research note.

Startsev also said that investors will focus on the financial reports of banks JPMorgan Chase, Goldman Sachs, and Wells Fargo, while the U.S. is to release retail trade and industrial output data.

End

16.07.2019 09:36
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 90.0063 +1.0485 22 sep
USD 76.0381 +1.0062 22 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1181.24 -3.86 18:50 21 sep
micex 2863.67 -2.99 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 175.90 -3.10 18:39 21 sep
lkoh 4482.00 -4.17 18:39 21 sep
rosn 365.10 -3.03 18:39 21 sep
sber 224.63 -2.46 18:39 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 89.8850 +0.8350 14:59 21 sep
USDTD 76.4100 +0.9275 17:44 21 sep