Russian stocks may grow in line with oil, foreign floors

MOSCOW, Apr 3 (PRIME) -- Russian stocks are expected to grow at the opening on Wednesday supported by a favorable foreign background and high oil prices, analysts said.

“From positions of the technical analysis, consolidation above the level of 1,200 points at the RTS index implies the possibility of a further upward movement,” Olma senior analyst Anton Startsev said.

“The foreign background remains relatively favorable ahead of the opening of trading: media reports about the U.S. and China overcoming main disagreements within trade negotiations, China has released good results on business activity in the service sector, Brent oil futures are still trading around U.S. $70 per barrel,” he said.

The U.S. stock indices closed mixed, the U.S. stock index futures are growing, European indices moderately grew, and Asian floors continue growth.

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