Russian stocks may grow on rising oil, positive background

MOSCOW, Jul 23 (PRIME) -- Russian stocks may slightly grow at the opening on Tuesday receiving support from rising oil prices and positive moods on foreign stock floors, analysts said.

“In the morning, the Russian stock indices and the ruble will receive moderate support from an increase in oil prices and some optimism abroad, therefore attempts of small growth should not be ruled out,” Veles Capital analyst Yelena Kozhukhova said.

“After a dividend season and amid threats of new sanctions, the Russian stock market lost impetus to growth, therefore we can’t expect a steady growth so far,” she added.

Trading on the U.S. and European stock floors ended with an increase on Monday and positive dynamics are seen on Asian exchanges. Oil futures are gaining around 0.5%.

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