Russian stocks may rise on moderately positive background
MOSCOW, May 5 (PRIME) -- The Russian stock may grow at the opening on Wednesday backed by a moderately positive 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 3,580–3,595 points. The nearest support levels will be 3,570 and 3,550 points. The main resistance will be at 3,600 and 3,620 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 0.2%, Brent oil futures rose 0.6%, gold futures added 0.1%, while stock markets of Japan and China are closed.
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05.05.2021 09:20