Russian stocks may open neutrally on mixed global background
MOSCOW, Jan 14 (PRIME) -- The Russian stock market is likely to open neutrally and consolidate during the day on Thursday amid a mixed external background, analysts said.
УWe expect the MOEX Russia Index to open with moderate changes of 0.1Ц0.3% within the 3,460Ц3,480 rangeЕ the benchmark is likely to continue yesterdayТs consolidation later in the day thanks to a mixed foreign environment,Ф Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.
The U.S. indices futures are demonstrating controversial dynamics, the Brent oil price lost 0.3%. ChinaТs Shanghai Composite index fell 0.6% while JapanТs Nikkei225 added 0.7%, he also said.
Olma senior analyst Anton Startsev said that the RTS index may consolidate in the short term, adding that rumors on the new U.S. economy support plan worth U.S. $2 trillion triggered some optimism on Western floors, but the energy market situation does not look capable of providing sustainable demand for Russian stocks.