Russian stocks can try to recover amid better foreign situation

MOSCOW, Nov 15 (PRIME) -- The Russian stock market can try to recover on Wednesday in light of an improving external environment including rising crude prices, analysts said.

“We expect the local market to make an attempt to recover thanks to an improving situation on external bourses and in crude prices,” senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

“As a result, the MOEX Russia Index will try to recoup part of the previous day’s losses to finish the session within the range of 3,220–3,240,” he added.

Zvarich also said that the foreign background looks positive with the main Asian markets trading around 2.5% higher, the core U.S. indices futures adding 0.3%, and the nearest Brent oil futures growing by 0.4% to U.S. $82.8 per barrel.

Tsifra Broker analysts said that the European Commission may release the 12th package of anti-Russian sanctions, which can cause high volatility on the Russian stock market.

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