MOSCOW, Mar 4 (PRIME) -- Russian stocks may moderately increase at the opening on Monday supported by growing oil prices and positive dynamics on foreign stock floors, analysts said.
“We expect the MOEX Russia Index to open with a moderate increase of around 0.3%, around the level of 2,485 points. The nearest support levels will be 2,470 and 2,460 points. The main resistance will be at 2,500 and 2,510 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 demonstrating significant growth of 0.4–0.6%, Brent oil futures increased 0.3%, Japan’s Nikkei225 added 1.1%, and Hong Kong’s Hang Seng rose 1%.
Olma senior analyst Anton Startsev said the RTS Index may return to the level of 1,200 points amid increased optimism over a trade deal between the U.S. and China, as the sides are seen to be close to signing an agreement.
End
|
|
