MOSCOW, Jun 30 (PRIME) -- The Russian stock market may moderately increase at the opening on Wednesday amid a favorable foreign background, analysts said.
“We expect the MOEX Russia Index to open with a moderate increase within 0.1–0.5%, in the range of 3,795–3,810 points. The nearest support levels will be 3,780 and 3,770 points. The main resistance will be at 3,830 and 3,850 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 moderately growing within 0.1–0.2%, Brent oil futures added 0.5%, China’s Shanghai Composite rose 0.2%, and Japan’s Nikkei225 remained almost flat, the analyst said.
Investors will follow President Vladimir Putin’s Direct Line Q&A session later in the day, among other events.
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