Russian stocks will likely inch lower after yesterday's gains, analysts believe. US benchmarks closed in red and Russian ADRs closed lower on foreign exchanges than on the RTS exchange, both factors are negative, analysts believe. On the other hand, the highest ever oil prices and other news might back Russian securities.
Traders foresee the RTS index rebounding to the 630-point level in the short-term. But the volatility is high on the stock market and therefore, risks are hampering the RTS index. Any negative news might provoke the RTS index's retreat to the 600-point level.
The RTS index closed 3.25 percent higher at 616.24 point yesterday. Blue chips added 2.3-4.6 percent on the RTS exchange, as RAO UES and Rostelecom led the gains adding 7 and 6.4 percent.
The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations
On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part