Russian stocks seen falling ahead of US inflation report

MOSCOW, Aug 10 (PRIME) -- The Russian stock market will likely open lower on Wednesday as investors are waiting for the release of the U.S. inflation figures, and some of them are reducing risky assets in their portfolios, analysts said.

"Speaking about the market mood on Wednesday in the morning, it can be characterized as negative. The leading Asian floors lose up to 0.8%. The U.S. futures consolidate below the previous day’s closing. The nearest Brent futures lose 0.4%, retrenching below U.S. $96 per barrel," Bogdan Zvarich, senior analyst at financial platform Banki.ru, said.

According to the analyst, sales on the emerging markets became more active on Tuesday on the eve of the release of the U.S. inflation figures. Part of investors expect acceleration of inflation and reduce the risky assets in their portfolios.

Alor Broker senior analyst Alexei Antonov said that the Russian oil sector rose on Tuesday, after Tatneft's board of directors pledged to consider dividends for January–June on August 15, and Ukraine suspended oil transit through the Druzhba pipeline.

On Wednesday, after Hungary said it was ready to pay for the transit, the oil prices started to decrease, which may cause correction in the sector.

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