Russian stocks may fall on decline of oil, global floors

MOSCOW, Mar 10 (PRIME) -- Russian stocks are projected to decrease at the opening on Wednesday dragged by the negative foreign background, analysts said.

“On Wednesday, March 10, the external background for trading on the domestic market is moderately negative. World indices and oil prices moved to a slight correction after yesterday’s rally. By 8:18 a.m. Moscow time, futures for the U.S.’ S&P 500 were down 0.32%; German DAX futures were falling by 0.35%,” Finam analyst Sergei Kaufman said.

Asian indices are trading mixed. Japan’s Nikkei 225 fell by 0.02%, Hong Kong’s Hang Seng added 0.13%, and Korea’s KOSPI lost 0.78%.

Brent oil futures are falling by 0.95% and are near the U.S. $66.88 per barrel notch.

Investors will follow publication of financial results by oil major Lukoil, flagship carrier Aeroflot, and Bank Saint Petersburg, among other corporate events later in the day.

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