Russian stocks may rise on positive foreign sentiment

MOSCOW, Nov 11 (PRIME) -- Russian stocks may increase at the opening on Wednesday backed by positive dynamics on global floors, analysts said.

Positive moods prevail on global markets on early Wednesday, Promsvyazbank chief analyst Bogdan Zvarich said. Asian floors are growing within 1.8%, the U.S. stock index futures are rising by 0.2%. Brent oil price managed to climb to U.S. $44 per barrel.

“Amid this background, we expect positive dynamics of Russian stocks at the beginning of trading, which will allow the MOEX Russia Index to make another attempt to overcome the mark of 3,000 points. During the session, the Russian market will try to consolidate above this level, which may be facilitated by the decreased activity of players,” Zvarich said.

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