Russian stocks may rise on positive mood of US markets
MOSCOW, Jan 14 (PRIME) Ц The Russian stocks are likely to firm at opening on Tuesday as the U.S. market sends positive signals to the local traders, analysts said.
УToday we will again open with an increase of 0.3Ц0.4%. The increase of the U.S. stock indices after our Monday closing points to that. The U.S. stock index futures are close to zero this morning,Ф Alor BrokerТs analyst Alexei Antonov said.
Yelena Kozhukhova, analyst at Veles Capital, also said that the positive mood of the U.S. investors has an impact on all markets.
УThe general mood is that the U.S. investors are not eager to abandon the optimistic mood, while the balance in Europe and at oil floors switched into the red zone on Monday. The situation for the bulls is still dangerous at current peaks, but there are no clear signals for opening of short positions, thatТs why bulls can only follow the trend now,Ф Kozhukhova said.
УThe thaw in trade relations between Washington and Beijing and expectations that they will sign the first stage of their trade deal on Wednesday pushed foreign benchmarks to new record highs. Investors reacted positively to the White HouseТs decision to exclude China from the list of currency manipulators,Ф Sergei Drozdov, analyst at investment company Finam, said.
Nevertheless, the Brent oil price Ц one of the major factors for the Russian market Ц is falling following abating geopolitical tensions between Washington and Tehran. It lost 1.35% on Monday, and its further movements this week will depend on the data of the U.S. Department of Energy, Drozdov said.