Russian stocks may decrease amid falling oil prices

MOSCOW, Sep 12 (PRIME) -- Russian stocks may decrease at the opening on Monday pressured by falling oil prices and overall negative foreign background, analysts said.

“We expect the Russian stock market to open with a decrease to 2,010–2,020 points at the MICEX index, assuming that this stock indicator may test the support zone of the psychologically important level of 2,000 points in case of a further deterioration of the foreign background,” Oleg Shagov, head of investment company Solid’s research department, said.

The ultimate influence of key external factors that have an impact on the Russian financial market is negative at the beginning of the day, Shagov said. Brent oil futures are decreasing on the back of the U.S. dollar strengthening its positions on the international currency market, he said.

The U.S. stock index futures are falling and the main Asian stock indicators are demonstrating mostly negative dynamics.

“A downward correction at the RTS index can deepen today under pressure of foreign background,” Olma senior analyst Anton Startsev said.

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