Russian stocks may open neutrally on mixed global background

MOSCOW, Jan 14 (PRIME) -- The Russian stock market is likely to open neutrally and consolidate during the day on Thursday amid a mixed external background, analysts said.

“We expect the MOEX Russia Index to open with moderate changes of 0.1–0.3% within the 3,460–3,480 range… the benchmark is likely to continue yesterday’s consolidation later in the day thanks to a mixed foreign environment,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

The U.S. indices futures are demonstrating controversial dynamics, the Brent oil price lost 0.3%. China’s Shanghai Composite index fell 0.6% while Japan’s Nikkei225 added 0.7%, he also said.

Olma senior analyst Anton Startsev said that the RTS index may consolidate in the short term, adding that rumors on the new U.S. economy support plan worth U.S. $2 trillion triggered some optimism on Western floors, but the energy market situation does not look capable of providing sustainable demand for Russian stocks.

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