Russian stocks not to change much amid mixed foreign background
MOSCOW, Apr 15 (PRIME) -- Russian stocks are not expected to change much at the opening on Wednesday amid a mixed foreign background, analysts said.
“We expect the MOEX Russia Index to open with a moderate change of 0.1–0.5%, near the level of 2,620–2,640 points. The nearest support levels will be 2,610 and 2,600 points. The main resistance will be at 2,650 and 2,660 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 falling by 0.5–0.6%, Brent oil futures rose 1.1% after Tuesday’s decline, China’s Shanghai Composite fell 0.3%, and Japan’s Nikkei225 lost 0.4%.
Alor Broker analyst Alexei Antonov said he expects the Russian stock market to open around the level of Tuesday’s close, maybe with a small decrease.
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