Russian stocks may moderately fall in line with oil prices

MOSCOW, Jul 16 (PRIME) -- Russian stocks may moderately decrease at the opening on Monday amid a mixed foreign background and falling oil prices, analysts said.

“We expect the MOEX Russia Index to open with a moderate decrease of around 0.3%, around the notch of 2,340 points. The levels of 2,330 and 2,320 points will again act as support, and the notches of 2,350 and 2,360 points will remain main resistance,” Vitaly Manzhos, a senior risk manager at investment company Nord Capital, said.

Prior to the opening of trading in Russia, the U.S. stock index futures increased by up to 0.2%, Brent oil futures lost 0.6%, gold futures grew 0.3%, Hong Kong’s Hang Seng added 0.5%, and the Japanese market is closed due to a national holiday.

Freedom Finance analyst Anastasia Sosnova said that investors will focus their attention on the Russia–U.S. summit in Helsinki later on Monday.

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