Russian stocks may rise on favorable environment, US–China talks

MOSCOW, Aug 25 (PRIME) – The Russian stocks are likely to grow on Tuesday morning due to improvements in the U.S.–China relations benefitting the mood of investors, analysts said.

“Today the RTS Index may rise at the start of trade following the global stock indices, as the situation on the stock floors improved following reports about a restart of U.S.–China dialogue on trade disputes,” investment company Olma’s senior analyst Anton Startsev said.

The U.S. stock indices grew by 0.6–1.3% on Monday, while the futures for the indices rose on Tuesday morning. The European floors also rose on Monday, while the Asian floors are trading mixed, Startsev said.

“The global markets are in the green zone this morning after reports about negotiations that the U.S. and China had over the trade agreement, after which both sides stressed progress in implementation of the deal,” Dmitry Gritskevich, analyst at Promsvyazbank, said.

Georgy Vashchenko, head of the department for trade operations on the Russian stock market at investment company Freedom Finance, said that the MOEX Russia Index will grow by up to 0.5% at the beginning of trade on Tuesday.

“The local market will price in the first results of trade in foreign shares on the Moscow Exchange,” Vashchenko said.

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