Russian stocks can grow on oil price, US futures increase

MOSCOW, Oct 15 (PRIME) -- The Russian stock market will likely grow on Friday at the start of the session on the back of an increase of oil prices and U.S. stock market futures, analysts said.

"The external background before the start of trade in Russia looks remarkably positive: Asian stock markets are growing, as well as futures for the S&P 500 index and oil prices," Oleg Syrovatkin, leading analyst at Otkritie Investment’s global research department, said.

Oil prices were growing moderately on Friday in the morning, remaining near maximums for many years, he said.  

The analyst added that some of the largest Chinese banks have eased their requirements to mortgage borrowers, and that U.S. producer prices slowed down the monthly growth to annual lows, which is a good news for Russian investors.

Andrei Vernikov, head of the investment analysis and education department of investment company Univer Capital, said that according to the Russian Foreign Ministry, a visit of U.S. State Secretary for Political Affairs Victoria Nuland brought about a positive news, because officials said that many issues saw advancements in negotiations, and a new summit might be scheduled.

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