Russian stocks seen flat amid mixed foreign background

MOSCOW, Jan 27 (PRIME) -- Russian stocks are not projected to change much at the opening on Wednesday amid a mixed foreign background, analysts said.

“Today, before our opening, the external background can be called slightly negative. The U.S. broad market index futures and most of the industrial and precious metals are trading slightly in the red. But this is partly offset by the rise in oil prices by 0.5%, which is around U.S. $57 per barrel. However, we do not believe in the growth of oil until at least the epidemiological situation begins to improve and quarantine measures begin to be lifted,” Alor Broker analyst Alexei Antonov said.

“So we expect the opening close to yesterday’s level, and then we will follow the U.S. indicators, perhaps with a slight downward trend. But fundamental changes on the market are unlikely to occur,” he added.

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