Russian stocks may rise as Washington-Beijing talks advance

MOSCOW, Oct 22 (PRIME) – The Russian stocks are likely to edge up at opening on Tuesday as statements of participants of the U.S.–China trade negotiations signal that the talks are advancing and support international markets, analysts said.

“A slight increase of the RTS Index is possible at the beginning of trade today. An optimistic comment of the U.S. president about the trade negotiations with China helped risk appetite to recover,” investment company Olma’s senior analyst Anton Startsev said.

Vadim Kravchuk, analyst at investment company Solid, said that the background for the Russian stock market was neutral at the beginning of the day, but the positive statements about the U.S.–China negotiations provided very important signals to the global markets.

“Positive estimates of the event were issued from China by (Vice Premier) Liu He, who is in charge of the negotiations, and from (U.S. President Donald) Trump, who also said that negotiations were going on well. The date of a new meeting was announced, and the negotiators will aim to finish discussions of the first part of the agreement this Friday to sign it at the Asia-Pacific summit in mid-November,” Kravchuk said.

Washington thinks that the first part of the deal is the toughest, while discussions of the second and third parts will be faster, which is good for the markets, he added.

Startsev also said that investors will track reports of U.S. corporations during the day, including Procter & Gamble Company, McDonald’s, and Lockheed Martin. The British Parliament is to vote on the Brexit in the evening, Startsev said.

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