Russian stocks may rise backed by oil growth, positive background

MOSCOW, May 21 (PRIME) -- Russian stocks may increase at the opening on Monday supported by oil price growth and overall improvement of the foreign background, analysts said.

“We expect a positive opening of the MOEX Russia Index with a significant increase of up to 0.5%, in the range of 2,335–2,340 points,” Vitaly Manzhos, senior risk manager at investment company Nord Capital, said.

Before the start of Russian trading, the U.S. stock index futures are growing by 0.9%, Brent oil futures increased by 0.8%, Japan’s Nikkei225 added 0.5%, and Hong Kong’s Hang Seng rose 1.2%, Manzhos said.

Olma senior analyst Anton Startsev said he expects the RTS index to grow at the start of trading amid improved situation on foreign markets.

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