Russian stocks may open higher on positive foreign background

MOSCOW, Sep 14 (PRIME) -- Russian stocks are projected to open higher on Monday amid a moderately positive foreign background and oil price growth, analysts said.

“The external background before the start of trading in Russia is mostly positive. The U.S. stock index futures indicate market growth of more than 1%. Oil is trading slightly higher amid another hurricane off the U.S. coast in the Gulf of Mexico,” Otkritie Broker analyst Andrei Kochetkov said.

“Industry is growing in Japan, and the Liberal Democratic Party is ready to elect its new leader. AUD, CAD and NZD are strengthening against the U.S. currency, signaling the presence of risk appetite on the global market. We are expecting a positive start from the Russian indices at the beginning of the day,” he said.

Olma senior analyst Anton Statsev said, “Today, at the beginning of trading, the upward trend in the RTS index may continue. Pfizer's announcement of the likely start of COVID-19 vaccine use in the U.S. by the end of this year and the announcement of major deals in the IT sector (including a partnership agreement between the U.S. corporation Oracle and China's ByteDance, which owns the TikTok service) have led to some recovery on stock markets at the beginning of the week.”

The U.S. stock indices closed mixed, the U.S. stock index futures are trading above the levels of September 11’s close, European stock indices closed mixed, and Asian indices are growing, Startsev said.

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