Russian stocks may rise slightly on expectation of Clinton victory

MOSCOW, Nov 8 (PRIME) -- Russian stocks may increase slightly at the opening on Tuesday as investors’ expectations that it is Hillary Clinton who will win the U.S. presidential election are alleviating their risk aversion, analysts said.

“The RTS may somewhat increase today in the start of the trade, following the world stock market indices: investors are increasingly estimating a victory by Hillary Clinton at the U.S. presidential election, which has triggered a decrease in tensions on stock markets,” Olma senior analyst Anton Startsev said.

Brent futures have kept above the U.S. $46 per barrel notch ahead of publication of the U.S. oil reserves statistics, the U.S. stock market futures are little changed, the key Asian indices are mostly demonstrating positive dynamics, and the European trading session premarket is hinting at positive dynamics as well, which likely signifies that the Russian market will increase in the morning, Oleg Shagov, head of investment company Solid’s research department, said.

Still, market participants will be waiting for the announcement of the U.S. election results before making any decisive steps, Startsev said.

Russia’s largest lender Sberbank will publish financial results for January–October, which will probably be the most important corporate data release today, Shagov said.

International trade fair Metal-Expo will open and may provide investors with important insights, he said.

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