Russian stocks may increase on positive foreign background

MOSCOW, Sep 27 (PRIME) -- Russian stocks may grow at the opening on Tuesday supported by positive foreign background and ignoring falling oil prices, analysts said.

“The foreign background looks positive prior to the opening of trading on the Russian stock market. The main Asian indices are increasing. China’s CSI 300 is gaining 0.23%. Japan’s Nikkei 225 is rising by 0.43%. S&P 500 is gaining a significant 0.52%. Markets are positively reacting to confident performance of Hillary Clinton in presidential debates with Donald Trump,” Finam analyst Timur Nigmatullin said.

Brent oil price is falling 0.3% to around U.S. $47.79 per barrel, the analyst said, adding that he did not expect OPEC members to agree on oil production freeze at the ongoing meeting.

Ilya Frolov, a senior manager for analysis of stock markets at Promsvyazbank, said the MICEX index could return to 2,000 points at the opening amid favorable foreign background.

Olma senior analyst Anton Startsev believes that “a possibility of a downward correction at the RTS index still remains in force – the situation on foreign markets looks uncertain impeding the restoration of demand.”

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