Russian stocks may fall as moods on oil market worsen
MOSCOW, Nov 9 (PRIME) -- Russian stocks may slightly decreased at the opening on Friday amid a moderately negative foreign background and worsened moods on the oil market, analysts said.
“We expect the MOEX Russia Index to open with a moderate decline of around 0.3–0.4%, near the level of 2,430 points. The nearest support levels will be 2,420 and 2,410 points. The main resistance will be 2,450 and 2,460 points,” investment company Algo Capital’s senior risk manager Vitaly Manzhos said.
Before the start of trading in Russia, the U.S. stock index futures are demonstrating mixed dynamics within 0.15%, Brent oil futures added 0.1% after a decline late Thursday, gold futures lost 0.4%, Japan’s Nikkei225 decreased 0.8%, and Hong Kong’s Hang Seng fell 2.1%, the analyst said.
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