Russian stocks seen falling on foreign markets', oil price decrease

MOSCOW, Jun 19 (PRIME) -- The Russian stock market will likely open lower on Monday because of a decrease of the oil prices and the foreign stock markets, analysts said.

"We expect sales to predominate in the Russian shares today at the start of trading because of deterioration of the external background," senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

The leading Asian trading floors declined by up to 1% in the morning, the key U.S. stock indices futures lost up to 0.2%, the nearest Brent futures decreased by 1.1% to U.S. $75.8, which creates a negative background for the Russian session start, he said.

The market will focus on statements by representatives of the leading central banks later in the week, most prominently, of Chairman of the U.S. Federal Reserve System Jerome Powell, for hints on further toughening of the policy, Zvarich said. The releases of preliminary indices of business activity in the manufacturing and services sectors in the European countries and the U.S. will also affect the global market, he said.

BitRiver financial analyst Vladislav Antonov said that the Russian market hopes for a higher export revenue of raw materials producers, and whereas the oil prices decreased, statements from the St. Petersburg International Economic Forum supported the ruble weakly, which may result in mixed market dynamics.

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