Russian stocks may fall in line with oil prices, foreign floors

MOSCOW, Apr 30 (PRIME) -- Russian stocks may slightly decrease at the opening on Tuesday amid falling oil prices and a moderately negative foreign background, analysts said.

“We expect the MOEX Russia Index to open with an insignificant decline of around 0.3%, near the level of 2.565 points. The nearest support levels will be 2,560 and 2,550 points. Main resistance will be 2,580 and 2,590 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 within 0.2%, Brent oil futures lost 0.4%, Japan’s Nikkei225 edged down 0.2%, and Hong Kong’s Hang Seng decreased 0.5%, the analyst said.

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