Russian stocks may rise on positive background, growing oil

MOSCOW, Feb 25 (PRIME) -- The Russian stock market may open positively on Thursday thanks to the support of optimism on the global markets, analysts said.

“The external data point to a positive opening of the Moscow Exchange,” investment company Finam analyst Alexei Kalachyov said.

The Brent oil futures are growing 0.3% to U.S. $66.4 per barrel, the U.S. S&P 500 index is seen around 0.2% higher, and the South Pacific bourses are demonstrating confident growth, he added.

Kalachyov also said that the technical analysis signals that the MOEX Russia Index may advance to break through the current consolidation range in the medium term.

The market will also be driven by releases of IFRS financial reports for 2020 by second biggest lender VTB Bank, U.K.-based mining giant Evraz, which operates mainly in Russia, and gold producer Polyus.

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