Russian stocks may correct down amid negative foreign background

MOSCOW, Jul 7 (PRIME) -- The Russian stock market may correct downwards on Tuesday after a rise during the previous session, due to a moderately negative external environment and weakening crude prices, analysts said.

“The Russian stock market is highly likely to open with a moderate correction, and further dynamics will be defined by… macroeconomic statistics and corporate news,” Alexei Korenev, investment company Finam’s analyst, said.

Russia is to publish inflation report for June, which may be interesting for local investors.

Senior analyst at Promsvyazbank Bogdan Zvarich said that the external background is seen as moderately negative with the nearest Brent oil futures losing around 0.8% to below U.S. $43 per barrel.

Olma senior analyst Anton Startsev said that the RTS index will continue to consolidate, according to the technical analysis data.

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