Russian stocks may grow as oil prices, foreign markets increase

MOSCOW, Jun 20 (PRIME) -- The Russian stock market may increase at the opening on Monday on the back of an oil price growth paired with gains on almost all foreign markets, analysts said.

“The influence of the key factors which significantly affect the behavior of the Russian financial market is positive today in the start of the day in our estimates,” Oleg Shagov, head of investment company Solid’s research, said.

Oil futures are increasing on the back of the U.S. dollar weakening and Iran’s statement that it will sell oil only for euros. Asian markets and U.S. stock market futures are growing, and the premarket of the European session signals an upward gap at the opening because of decreasing risks of Brexit, Shagov said.

The latest polls in the U.K. showed that the majority of British people want the country to stay in the E.U, Anton Startsev, investment company Olma’s senior analyst, said. Still, the referendum scheduled for Thursday can bring surprises, which means that markets worldwide will not be rising confidently later this week, he said.

On the Russian corporate stage, on Monday investors will pay attention to a meeting of boards of directors of Novatek, M. Video and TGC-1, while Norilsk Nickel and Inter RAO will see ex-dividend dates, Shagov said.

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