Russian stocks may open neutrally on mixed foreign background

MOSCOW, Oct 18 (PRIME) -- Russian stocks are not expected to change much at the opening on Friday amid a mixed foreign background, analysts said.

The U.S. stock indices rose 0.1–0.4%, the U.S. stock index futures are trading slightly below the level of Thursday’s close, European stock indices closed in a slight minus, and Asian stock indices are mostly decreasing, Olma senior analyst Anton Startsev said.

“Consolidation of the RTS Index near the level of 1,350 points is possible in the short-term. While the weakening of the U.S. dollar and expectations of a trade deal with China continue to support demand on developing markets, market activity has slightly decreased in general after mixed data on the Chinese economy came out. Moreover, market participants are expecting a vote in the U.K. parliament on Saturday on the agreement with the E.U. on the Brexit format,” the analyst said.

Alor Broker analyst Alexei Antonov said, “Therefore, we are waiting for the opening of the domestic market around zero, and further dynamics will be determined by the external background, since our own ideas on the market are only point-based.”

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