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Russian stocks seen flat amid worsening foreign background

MOSCOW, Nov 2 (PRIME) -- Russian stocks may open flat on Thursday amid a worsening foreign background and stable oil prices, analysts said.

“We expect the Russian stock market to open around 2,075–2,080 points at the MICEX index, assuming that amid a worsening foreign background it will be difficult for this stock indicator to continue growth,” Oleg Shagov, head of the investment company Solid’s research department, said. On Wednesday, the MICEX closed at 2,082.73.

Vitaly Manzhos, a senior risk manager at investment company Nord Capital, expects the MICEX to open with an insignificant change around 2,080–2,085 points.

The ultimate influence of key external factors that have a significant impact on the Russian financial market is moderately negative today, Shagov said.

Brent oil futures are fluctuating around U.S. $60.5 per barrel.

The leading U.S. stock index futures are suffering small losses and main Asian stock indicators are not showing single dynamics.

End

02.11.2017 09:04