Russian stocks can grow as Putin, Biden can schedule summit

MOSCOW, Feb 21 (PRIME) -- The Russian stock market can open higher on Monday on the news that Russian President Vladimir Putin and his U.S. counterpart Joe Biden could meet, analysts said.

"The Beijing Olympic Games are over, and the geopolitical risks would have increase but for yesterday’s successful negotiations between the leaders of France and Russia. The president of France suggested a summit between Biden and Putin, and the idea was accepted," Univer Capital’s Andrei Vernikov said.

"This news cheered up the market, and the market trades in the positive territory in the morning. The fact that the U.S. market is closed for Presidents' Day also relieves the jitters," the analyst said.

Bogdan Zvarich, senior analyst at financial supermarket Banki.ru, said that the global market mood was mixed. The Asian markets lost 0.8%, while the key U.S. indices futures added about 0.5%, the closest  Brent futures lost 0.3% to U.S. $93.3 per barrel.

According to Vernikov, decline of the political risks has reduced the oil and gold prices. Besides, a high-ranking E.U. official said on February 18 that a nuclear deal with Iran was very close to signing.

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