Russian stocks seen flat amid stable oil, neutral background

MOSCOW, Jun 27 (PRIME) -- Russian stocks may open flat on Tuesday amid neutral foreign background and stable oil prices, analysts said.

“We expect the Russian stock market to open at around 1,860 points at the MICEX index, assuming that this stock indicator will continue consolidation around the current levels with an eye to changes of the oil market conditions,” Oleg Shagov, head of investment company Solid’s research department, said. On Monday, the MICEX closed at 1,860.39.

The ultimate influence of key external factors that have a significant impact on the Russian financial market is close to neutral today, the analyst said.

Brent oil futures continue fluctuating around U.S. $46 per barrel being supported by an expected reduction in the U.S. oil reserves.

The leading U.S. stock index futures are not changing much, while Asian stock indicators are not showing single dynamics.

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