Russian stocks may rise amid growth of US indices, oil prices

MOSCOW, Nov 1 (PRIME) -- Russian stocks may slightly increase at the opening on Friday on the back of rising U.S. indices and resumed growth of oil prices, analysts said.

“The foreign background before the start of trading in Russia is slightly positive. Asian indices tried to find optimism in the Chinese statistics, commodity contracts were trading in a small plus. At the start of trading we can expect the MOEX Russia Index’s attempts to return to the level above 2,900 points,” Otkritie Broker analyst Andrei Kochetkov said.

Alor Broker analyst Alexei Antonov said the U.S. stock futures are growing around 0.3%, while oil prices, which fell below U.S. $59.5 per barrel on Thursday, have slightly rebounded. “This shows that today we will open with an increase of around 0.2–0.3%,” he said.

Olma senior analyst Anton Startsev believes that some period of consolidation at the RTS Index is possible in the short term. “Increasing uncertainty over the U.S.–China trade deal, as well as political risks may limit capital inflows to emerging markets,” he said.

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