Russian stocks may rise backed by global floors, rising oil prices

MOSCOW, Oct 28 (PRIME) -- Russian stocks may grow at the opening on Monday backed by positive dynamics on Western floors and expectations of a trade deal between the U.S. and China, as well as rising oil prices, analysts said.

The U.S. stock indices grew by 0.4–0.7%, the U.S. index futures are trading above the level of October 25’s close, European stock indices closed in plus, and the Asian indices are growing, Olma senior analyst Anton Startsev said.

“An increase of the RTS Index may continue today at the start of trading. The dynamics of world stock indices and debt instruments yield indicate an increase in ‘demand for risk’, which is partly explained by expectations of a trade deal between the U.S. and China – both sides are optimistic about the prospects of the agreement. In addition, a stream of corporate reporting by large Western issuers is causing a predominantly favorable reaction in the market,” Startsev said.

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