Russian stocks may open mixed due to uncertain global mood

MOSCOW, Sep 14 (PRIME) -- The Russian stock market is likely to open mixed on Thursday amid a neutral external environment, experts say.

“The effect of the key global factors… is close to neutral today… We expect the Russian stock market to (edge up) to 2,054-2.060 at opening, and believe the market is likely to consolidate at a level reached during a growth period earlier this week,” Oleg Shagov, head of investment company Solid’s research department, said.

“The MICEX’s resistance zone is just above its half-year high of 2,073 and the support area is around its 200-day average of 2,033.”

The market may be supported by Brent oil futures fluctuating higher around a $55 per barrel mark in the wake of the International Energy Agency’s oil market report projecting a rise in global demand for crude.

Olma senior analyst Anton Startsev said that the RTS benchmark may keep on correcting down in line with global stock indices.

The major U.S. benchmarks are trading in the negative territory and European exchanges may open lower, too. The Asian stock indices demonstrate mixed dynamics.

Investors will be mainly focused on up-coming decisions of Russian, the U.S., British, Swiss and Japanese monetary authorities, whose meetings are scheduled for Thursday, Friday and the beginning of next week, experts said.

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