To Innovation - Breaking Politics, Economics, Crypto & IT News
|
||||||||||
TOP STORIES
At least in the distant past the Red planet had a liquid bodies of water
Russian stock market declines against the absence of drivers
 Russian stock exchange went down against the background of precarious oil market prospects and low liquidity. 05.Jan.17 11:05 AM By Anna Tuzova Photo Toinnov.com |
|
|
As at 5:40 (UTC-5) the ruble MICEX Index declined by 0,6% to 2249, and dollar RTS traded near the last day’s closing rate, about 1177. Among the growth champions were mobile operator MTS’ stocks (MCX:MTSS) (+1,75%), AFK Systema (+1,5%), Rosseti’s (MCX:RSTI) (+1,3%) and JSC ”Bashneft’s” securities (+1,1% on privileged shares). “Tatneft’s” shares were traded in red (MCX:TATN) (simple decreased by -2,3%, privileged by -1,3%), as well as “Novatek” (-1,5%), “Transneft (MCX:TRNF_p)” (-1,1%) and “Gazprom (MCX:GAZP)” (-1,2%). Active trading on Russian market begins after 9 January, when New Year holidays end. In the context of low liquidity for now, indices are lowering under the pressure of mixed background. Oil prices began the year with growth to 18-month period records, but the strengthening of dollar and mixed signals from OPEC countries representatives сaused a correction. Iraq announced that they are planning to increase oil export in January, what runs counter to the OPEC+’s agreement. That made market doubt that world oil producers will fulfil their commitment on oil production cut, especially when the organization didn’t meet its quotas last year. Investors are waiting for Donald Trump’s inauguration which will be held on 20 January. Trump’s trading and economic policy bears risks for developing countries’ markets. | |
Related Information:
