Russian stocks seen falling early ahead of OPEC plus decision

MOSCOW, Dec 2 (PRIME) -- The Russian stock market will likely edge down at Wednesday's opening as the oil prices remain under the pressure ahead of the OPEC plus deal member decision on the future terms of the deal, analysts said.

"The day will start with easing on the stock market. The U.S. futures have edged down into the red zone by about 0.3%, oil is losing a little less than 1%. But the fall will not be long or dramatic. The upward trend remains powerful on both Russian and the U.S. stock markets," Alor Broker senior analyst Alexei Antonov said.

Investment company Olma senior analyst Anton Startsev said that global investors intend to increase the equity share in their portfolios, judging by the stock market dynamics and the U.S. Treasuries’ yield. Uncertainty over the future of the OPEC plus deal remains though as a decision was postponed to Thursday, and this factor will limit capitalization of the energy stocks.

According to Antonov, oil is unlikely to grow and will probably correct downwards after the OPEC plus decision is announced, this is why the Russian oil sector remains a risky investment.

He said that the metals sector remains attractive due to the metal price growth.

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