Russian stocks may grow backed by positive background, strong oil

MOSCOW, Apr 17 (PRIME) -- The Russian stock market can open higher on Monday thanks to optimistic sentiments on the global stock exchanges and stable crude prices, analysts said.

“We expect the Russian stock market to continue growth attempts at the beginning of the trading session. Positive sentiments on global stock exchanges and a stable situation on the energy market can trigger purchases in local shares,” senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

As a result, the MOEX Russia Index can try to break through the 2,560 mark and reach last week’s peaks, he added.

Zvarich said that the main Asian markets are adding up to 1.1%, and the core U.S. indices futures are rising by around 0.2%. The nearest Brent oil futures are consolidating at the level of the previous closing at around U.S. $86.3 per barrel.

Yevgeny Loktyukhov, head of Promsvyazbank’s research department, said that the ruble can weaken against the U.S. dollar to above 82 rubles, but is unlikely to consolidate at the level.

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