Russian stocks may open flat or rise, as oil prices try to rebound

MOSCOW, Sep 2 (PRIME) -- Russian stocks may slightly increase at the opening on Friday or open flat amid an oil prices’ attempt to rebound and neutral foreign background, analysts said.

“We expect the Russian stock market to open in a quiet mode at around 1,980 at the MICEX index, assuming that investor activity will be mute ahead of “long” holidays in the U.S. and publication of the key data on the U.S. market expected today, Oleg Shagov, head of investment company Solid’s research department, said.

The ultimate influence of key external factors that have an impact on the Russian financial market is neutral at the beginning of the day, Shagov said. Brent oil futures are trying to rebound after a three-day fall.

The U.S. stock index futures are not changing much and leading Asian stock indicators are not showing single dynamics.

The stock market dynamics will depend on oil prices, the situation on Western floors, and the ruble rate.

“A lull is possible today in the first part of the day, as traders can lower activity ahead of publication of important data on the U.S. labor market,” Olma senior analyst Anton Startsev said.

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