Russian stocks seen down amid falling oil, global uncertainties

MOSCOW, Mar 18 (PRIME) -- Russian stocks may continue reduction at the opening on Wednesday amid oil prices below U.S. $30 per barrel and uncertainties caused by the coronavirus spread, analysts said.

“A downward correction may resume on the RTS Index at the start of trading today. Investor behavior on global markets remains uncertain due to the uncertainty in the timing of the restrictive measures associated with coronavirus and the magnitude of the negative effects on the economy,” Olma senior analyst Anton Startsev said.

The U.S. stock indices rose 5.2–6.2%, the U.S. stock index futures are trading below the level of Tuesday’s close, European indices closed in plus, while Asian indices are showing mixed dynamics.

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