Russian stocks may rise on oil price growth, investor optimism

MOSCOW, Nov 17 (PRIME) -- Russian stocks may increase at the opening on Tuesday supported by overall positive foreign background, signs of warming relations between Russia and the West, and resumed oil price growth, analysts said.

“We expect the Russian market to open with a growth of the RTS index and at around 1,750 points at the MICEX index, assuming that the Russian stock market will take an attempt to increase amid investor optimism growth caused by signs of warming relations between Russia and the West,” Oleg Shagov, head of the research department at investment company Solid, said.

The influence of the key factors that significantly affect the Russian financial market is moderately positive at the start of the day, the analyst said. Brent oil futures are trying to return to the level of U.S. $45 per barrel, but their growth is curbed by expectations of the U.S. oil reserves growth.

Leading U.S. stock index futures are slightly increasing, and main Asian stock indicators are demonstrating mostly positive dynamics.

Global stock markets have stabilized after the first reaction to terrorist attacks in France, investment company Olma’s senior analyst Anton Startsev said.

However, the situation on the energy market remains uncertain, and the technical analysis data does not rule out a possibility of Brent oil futures resuming a decline trend, the analyst said.

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