Russian stocks may drop on falling oil, decline on foreign floors
MOSCOW, Aug 22 (PRIME) -- Russian stocks may slightly decrease at the opening on Thursday amid moderately negative dynamics on foreign floors and falling oil prices, analysts said.
“We expect the MOEX Russia Index to open with an insignificant decline within 0.1–0.3%, near the level of 2,665–2,670 points. The nearest support levels will be 2,660 and 2,650 points. The main resistance will remain at 2,680 and 2,690 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.
Before the start of trading in Russia, the U.S. stock index futures are demonstrating a moderate decrease of 0.15–0.25%, Brent oil futures lost 0.4%, China’s Shanghai Composite lost 0.3%, and Japan’s Nikkei225 edged down 0.15%.
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22.08.2019 09:40