Russian stocks may decrease in line with oil prices, global floors

MOSCOW, Sep 17 (PRIME) -- The Russian stock market is likely to edge down at the opening on Thursday amid a generally negative global environment with foreign floors and oil seen in the red territory, analysts said.

“We expect the Russian stock market to edge down at the beginning of the trading session following a negative sentiment on Asian bourses. At the same time, the MOEX Russia Index… is close to a local maximum and a psychologically important mark of 3,000,” Finam analyst Natalya Pyryeva said.

Asian benchmarks and the U.S. indices futures as well as crude prices and gold are seen in the negative territory, she added.

Olma senior analyst Anton Startsev said that the RTS index may correct downwards under external pressure, adding that the U.S. Federal Reserve had earlier announced new steps to stimulate the economy, but projected slower economic recovery.

The Russian stock market may be highly influenced by the decisions of the OPEC+ ministerial monitoring committee that is meeting in Vienna to discuss the future of the oil production cut deal.

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