Russian stocks may rise on oil price growth, positive background

MOSCOW, Apr 23 (PRIME) -- The Russian stock market may increase at the opening on Friday backed by oil price growth and positive dynamics on global floors, analysts said.

“We expect the MOEX Russia Index to open with an increase within 0.1–0.4%, in the range of 3,605–3,615 points. The nearest support levels will be 3,590 and 3,570 points. The main resistance will be at 3,620 and 3,640 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 added 0.7%, China’s Shanghai Composite is balancing on the verge of positive and negative changes, and Japan’s Nikkei225 edged down 0.8%.

Investors will follow the central bank’s meeting on the monetary policy, among other evens later in the day.

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