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Russian stocks seen flat as oil price consolidates

MOSCOW, May 23 (PRIME) -- The Russian stock market is likely to demonstrate no clear movement at opening on Tuesday due to a neutral external background and a lack of significant drivers, analysts said.

“The ultimate influence of key external factors that provide a significant impact on the Russian financial market is close to neutral today,” Oleg Shagov, head of investment company Solid’s research department, said.

The July Brent futures are fluctuating around U.S. $53.6 per barrel ahead of the U.S. crude inventories statistics publication and the up-coming decision of OPEC and non-OPEC states concerning prolongation of an oil output cut agreement.

Major U.S. stock exchange indices futures are trading flat and the Asian benchmarks look mixed. The European and Russian floors are likely to open flat as well, with the MICEX index at around 1,950, Shagov said.

In Russia, investors may be interested in 2016 dividend recommendations of the board of directors of truck maker Kamaz and oil company RussNeft.

End

23.05.2017 09:45