Russian stocks may rise at opening on investors’ positivity

MOSCOW, May 30 (PRIME) -- The Russian stock market will likely open with an increase on Tuesday amid absence of negative factors, analysts said.

“As the MOEX Russia Index broke through 2,705 without stopping, the next stop will be 2,770. Stocks are rising on volume, so there are no factors that could scare investors into buying stocks.” BitRiver financial analyst Vladislav Antonov said.

According to the analyst, risks of decrease in Brent oil quotations to U.S. $74 have risen. Low demand for oil from the buyers plays a major role in this. The focus of market attention shifted to OPEC+ meeting, which will be held on June 4, and the U.S. Federal Reserve System (Fed) meeting.

Senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said that despite the fact that fundamentally the ruble should be strengthening, a local growth of the dollar is possible due to the increased geopolitical risks.

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