MOSCOW, Feb 24 (PRIME) -- Russian stocks may decrease at the opening on Wednesday dragged by negative dynamics of global floors and falling oil prices, analysts said.
“We expect the MOEX Russia Index to open with a decrease within 0.2–0.7%, in the range of 3,410–3,425 points. The nearest support levels will be 3,400 and 3,380 points. The main resistance will be at 3,440 and 3,450 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.
Before the start of trading in Russia, the U.S. stock indices are demonstrating a moderate decline within 0.1–0.3%, Brent oil futures lost 0.7%, China’s Shanghai Composite edged down by 2.0%, and Japan’s Nikkei225 lost 1.2%, the analyst said.
Alor Broker analyst Alexei Antonov said, “So we will open with a decline, and then we will follow the U.S., where trades have been very volatile lately. The S&P500 index has been closing in the red zone for seven trading sessions.”
End
|
|
