Russian stocks may fall dragged by oil prices, US stock futures

MOSCOW, May 31 (PRIME) -- Russian stocks are projected to open with a decline on Friday, as oil prices continue falling and the foreign background is negative, analysts said.

The U.S. stock index futures are falling by 0.7%. Oil prices, which lost almost 4% on Thursday, are decreasing by 0.8%. “Amid such a background, the Russian stock market will open in minus,” Alor Broker analyst Alexei Antonov said.

Olma senior analyst Anton Startsev said that European indices closed in plus, while Asian indices are not showing single dynamics.

“A downward correction on the RTS Index is possible today at the start of trading under the influence of external factors. The unexpected announcement by the U.S. president to impose duties on all imports from Mexico in the amount of 5% from June 10 with the possibility of increasing to 25% from October 1 (if the Mexican side does not take measures to solve the problem of illegal migration) contributes to increased nervousness on markets, including raw materials – investors are forced to take into account a high probability of the negative impact of ‘trade wars’ on aggregated demand in forecasts,” Startsev said.

End