Russian stocks may decrease in line with global floors

MOSCOW, Jul 24 (PRIME) -- Russian stocks are projected to decrease at the opening on Friday in line with global floors, analysts said.

“A downward correction on the RTS index is possible at the beginning of trading today following the global stock indices – the willingness of investors to take risks has declined again largely due to tensions in relations between the U.S. and China,” Olma senior analyst Anton Startsev said.

The U.S. stock indices fell 1.2–2.3%, the U.S. stock index futures are trading below the level of Thursday’s close, European stock indices closed mixed, and Asian indices are falling, he said.

Promsvyazbank analyst Roman Antonov said, “Today, given the negative sentiment on global markets, the MOEX Russia Index is able to show a moderate decline, but it will remain in the range of 2,800–2,850 points, which remains relevant.”

Investors will focus on the central bank’s decision on the key rate later in the day.

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