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Russian stocks may fall on moderately negative background

MOSCOW, Dec 8 (PRIME) -- Russian stocks may decrease at the opening on Tuesday amid a moderately negative foreign background, analysts said.

“We expect the MOEX Russia Index to open with a moderate decrease within 0.1–0.5%, in the range of 3,180–3,190 points. The nearest support levels will be 3,170 and 3,160 points. The main resistance will be 3,200 and 3,210 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 falling within 0.3%, Brent oil futures lost 0.7%, China’s Shanghai Composite rose 0.1%, and Japan’s Nikkei225 lost 0.2%, the analyst said.

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08.12.2020 09:32