Russian stocks may rise backed by oil price growth, global floors

MOSCOW, Nov 15 (PRIME) -- Russian stocks may increase at the opening on Friday backed by positive dynamics on Western stock exchanges and growing oil prices, analysts said.

“We expect the MOEX Russia Index to open with a moderate increase within 0.2–0.4%, near the level of 2,930 points. The nearest support levels will again be at 2,920 and 2,910 points. The main resistance will be at 2,940 and 2,950 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

Before the start of trading in Russia, the U.S. stock index futures are growing by 0.3–0.4%, Brent oil futures rose 0.4%, China’s Shanghai Composite lost 0.1%, and Japan’s Nikkei225 added 0.7%.

End