Russian stocks can grow on positive mood on global markets

MOSCOW, Nov 2 (PRIME) -- The Russian stock market will likely open with an upward gap on Friday as an increase on foreign markets will likely outweigh concerns over falling oil prices, analysts said.

“The Russian stock market will again open higher on the back of a positive mood on the Asian and American markets, but falling oil prices are still a worrying factor for it,” Forex Club analyst Ivan Marchena said.

Investment company Olma’s senior analyst Anton Startsev said that the market worries about the U.S.–China trade war have abated after U.S. President Donald Trump ordered to prepare a draft trade deal with China to discuss during a G20 summit at the end of the month.

Startsev said that the RTS can continue to grow at the start of the day.

Later in the day, the U.S. will release non-farm payrolls, and global markets can become more volatile.

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