Russian stocks seen falling on oil price decrease

MOSCOW, Dec 16 (PRIME) -- The Russian stock market will likely drop on Friday in the morning on the back of falling oil prices and foreign markets, analysts said.

"The global markets mood on Friday morning may be characterized as negative," senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

"The leading Asia floors lost 2%, reflecting a dive on the markets of Europe and the U.S. a day ago. The key U.S. indices futures decreased by 0.1% today in the morning. The nearest Brent futures retrenched by 0.3% to a little less than U.S. $81 per barrel," he said.

According to the analyst, the deterioration can be linked to market expectations of a more proactive toughening of the monetary policies by the leading central banks than expected before.

BitRiver financial analyst Vladislav Antonov said that Russian investors would focus on a meeting of the central bank’s board later on Friday. The analyst said the market expected the bank to keep the key rate at 7.5% annually. Statements at a following press conference will be taken into account as well, he said.

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