Russian stocks may open flat on neutral foreign background

MOSCOW, Feb 17 (PRIME) -- Russian stocks may open flat on Monday amid a neutral foreign background, analysts said.

“The foreign background before the start of trading in Russia is neutral, or slightly negative. Asian markets are demonstrating mixed dynamics, oil prices are slightly falling. Domestic indices will probably start the day around levels of the previous session’s close,” Otkritie Broker analyst Andrei Kochetkov said.

The U.S. markets are closed to observe Presidents’ Day.

Vitaly Manzhos, senior risk manager at Algo Capital, expects the MOEX Russia Index to open with an insignificant change within 0.1–0.2%, in the 3,090–3,105 range.

End