Russians stocks can rise thanks to support of stronger oil prices - 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

Russians stocks can rise thanks to support of stronger oil prices

MOSCOW, May 5 (PRIME) -- The Russian stocks market can edge up at the opening and during the day on Friday thanks to strengthening of oil prices and ahead of a lengthy weekend, analysts said.

УThe Russian stock market can again make an attempt to recoup a part of its previous losses at the beginning of the trading session on Friday. Recovering crude prices and profit-taking from short positions ahead of a lengthy weekend can encourage the MOEX Russia Index to rise to 2,540Ц2,560,Ф senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

However, in the coming weeks, there still are risks of further negative dynamics of the benchmark to below 2,500, he added.

Russia will celebrate Victory Day on May 9, and May 8 will also be a day-off.

Zvarich said that the external background looks mixed with the main Asian markets losing up to 0.7%, and the core U.S. indices futures trying to recover by around 0.3% after a session of losses. The Brent oil price is trying to consolidate above U.S. $73 per barrel.

PSB Bank senior analyst Yegor Zhilnikov expects the ruble to strengthen closer to 77 rubles per U.S. dollar, but sees no further strengthening outlooks.

End

05.05.2023 09:46
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 102.2485 -0.1121 23 sep
USD 96.0419 -0.0343 23 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3049.07 +0.99 18:51 22 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 166.64 +0.48 23:14 22 sep
lkoh 6379.00 0.00 23:50 22 sep
rosn 508.00 -4.03 23:50 22 sep
sber 252.04 +0.75 23:14 22 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 102.0125 +0.6775 14:59 22 sep
USDTD 95.9450 0.0000 17:44 22 sep