Geopolitical risks, low oil may push Russian stocks down

MOSCOW, Nov 30 (PRIME) -- Russian stocks may decrease at the opening on Monday in the wake of enhanced geopolitical risks and falling oil prices, analysts said.

“We expect the Russian stock market to open with a decrease at the RTS index and at around 1,795–1,800 points at the MICEX index, assuming that geopolitical events will continue having a significant impact on investor moods in the short-term,” Oleg Shagov, head of the research department at investment company Solid, said.

The influence of the key factors that significantly affect the Russian financial market is moderately negative at the start of the day, the analyst said. Brent oil futures sank below U.S. $45 per barrel.

The U.S. stock index futures are slightly reducing, while main Asian stock indicators are demonstrating mostly negative dynamics.

“A downward correction at the RTS index may deepen today at the start of trading under the influence of a foreign background,” investment company Olma’s senior analyst Anton Startsev said. In the short-term, traders will follow news that can exert influence on estimates of geopolitical risks, the analyst said.

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