Russian stocks seen flat amid mixed foreign background

MOSCOW, May 17 (PRIME) -- The Russian stock market is projected to open neutrally on Monday amid a mixed foreign background, analysts said.

“We expect the MOEX Russia Index to open with a moderate change within 0.1–0.3%, in the range of 3,625–3,650 points. The nearest support levels will be 3,620 and 3,600 points. The main resistance will be at 3,660 and 3,680 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

Before the start of trading in Russia, the U.S. stock index futures are falling within 0.2%, Brent oil futures added 0.1%, China’s Shanghai Composite rose 0.8%, and Japan’s Nikkei225 edged down by 1.3%, the analyst said.

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