Russian stocks may open mildly higher amid mixed foreign environ

MOSCOW, Oct 13 (PRIME) -- The Russian stock market may open slightly higher and consolidate at the opening on Tuesday due to mixed external dynamics and a moderate global risk appetite, analysts said.

“We assume that the MOEX Russia Index will begin the day with modest growth as we can see a moderate risk appetite on the external markets and no significant negativity in the newswire,” investment company Finam analyst Natalya Pyryeva said.

Asian benchmarks are seen mixed, major U.S. indices are trading slightly lower, and the Brent oil price is rising by 0.79%, she added.

Senior analyst at Promsvyazbank Bogdan Zvarich said that the MOEX Russia Index may continue to consolidate near the upper bracket of the 2,800–2,850 range at the beginning of the day.

Olma senior analyst Anton Startsev said that there are no considerable reasons for the RTS index to break out of its current consolidation range, but investors’ activity may become restraint at the beginning of the trading session due to suspension of anti-coronavirus vaccine trials by Johnson&Johnson.

In Russia, investors may also be interested in operating data for July–September released by integrated steel producer Magnitogorsk Iron and Steel Works (MMK).

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