Russian stocks may open flat amid neutral foreign background

MOSCOW, Dec 11 (PRIME) -- Russian stocks may open flat on Wednesday amid a neutral foreign background and in expectation of the U.S. Federal Reserve’s decision, analysts said.

“The situation on foreign markets before the start of trading in Russia is almost neutral. Activity in the day of the U.S. Federal Reserve’s decision is usually significantly lower,” Otkritie Broker analyst Andrei Kochetkov said.

“The Russian market will start trading near the level of yesterday’s close. The ruble will receive support from the placement of OFZ bonds,” he said.

Olma senior analyst said consolidation of the RTS Index near the level of 1,450 points is possible in the short term. “Global markets remain “in holding mode” – uncertainty, including over a trade agreement between the U.S. and China, remains,” he said.

The U.S. stock indices fell 0.1% on average, the U.S. stock index futures are trading slightly below the levels of Tuesday’s close. European indices closed in minus, and Asian floors are showing mixed dynamics, Startsev said.

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