Russian stocks to rise on stable oil prices, foreign floorsТ rise - 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 rise on stable oil prices, foreign floorsТ rise

MOSCOW, May 11 (PRIME) -- The Russian stock market is likely to grow on Thursday morning as the moderately positive environment and stable oil prices will support the national market, analysts said.

УThe environment is moderately positive today. There are tentative purchases on the Asian markets, the futures for the S&P 500 index grew in pre-market trading, and the oil prices look stable. The Brent oil stays at U.S. $77.08 per barrel,Ф Vladislav Silayev, senior trader at managing company Alfa-Capital, said.

Head of Alor BrokerТs investment consulting department Alexei Antonov also said that the background was positive for the Russian market given dynamics of the oil prices and the futures for the U.S. indices.

УCoupled with the fact that the IMOEX2 index ended the day at its intra-day highs, which shows that demand was not fully satisfied completely, we will see that the market may continue its upward movement in the first half of the day. But as trading goes on, the wish of investors to take some speculative profits will grow,Ф Antonov said.

But Andrei Kochetkov, leading analyst for global research at Otkritie Broker, said that the background was mixed. Deflation and uncertainty in market stimuli grow in China, and the metal prices plummet.

The Russian market may start the day with sales in reaction to the falling prices for metals, but the oil prices may again act as a stabilizing factor, he said.


11.05.2023 09:52
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 100.2787 +0.3446 18 apr
USD 94.3242 +0.2500 18 apr
Stock Market Indices
1D 1W 1M 1Y
micex 3455.12 -0.23 17:38 17 apr
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 164.90 +0.32 17:23 17 apr
lkoh 7899.00 +0.03 17:23 17 apr
rosn 586.85 -0.38 17:23 17 apr
sber 306.72 -0.51 17:23 17 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 100.1125 +0.0525 14:59 17 apr
USDTD 94.1300 -0.1625 17:23 17 apr