Russian stocks seen falling ahead of US Fed meeting

MOSCOW, Sep 19 (PRIME) -- The Russian stock market will likely open with a downward gap on Monday, following a trend seen on the other stock markets ahead of a meeting of the U.S. Federal Reserve System (Fed), analysts said.  

"Speaking about global market moods on Monday in the morning, they can be characterized as moderately negative. The leading Asian floors are losing up to 1.1%... The key U.S. futures are retrenching by 0.1%. The nearest Brent futures are rising by 0.5%, trading a little lower than U.S. $92 per barrel," Bogdan Zvarich, senior analyst at financial platform Banki.ru, said.

The analyst said that a meeting of the U.S. Fed will be the key factor affecting the moods on global markets, and whereas an increase of the key rate by 75 basis points is not seen as surprising, investors will be focusing on the forecasts on the key macroeconomic figures an the comments on the key rate decision. Statements signaling tough monetary policies are likely to be made.  

Alor Broker analyst Alexei Antonov said that the oil prices may start decreasing soon due to the U.S. dollar strengthening. He also said that there were no reasons for the MOEX Russia Index to grow, and that the index would likely decline to a support zone of 2,370.

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