Russian stocks seen flat on foreign markets' rise, oil price dip
MOSCOW, Mar 31 (PRIME) -- The Russian stock market will likely open little changed on Friday, because growth of the foreign stock markets is balanced by a downward correction in oil prices, analysts said.
"The external background is neutral today ahead of our session opening. There are no internal reasons for strong dynamics, this is why the day likely to be calm," Alor Broker analyst Alexei Antonov said.
Banki.ru’s senior analyst Bogdan Zvarich said that the global market mood was positive in the morning, as the key Asian floors rose by up to 1%, the main U.S. indices' futures added up to 0.2% after a moderate growth on Thursday. The nearest Brent futures retrenched by 0.3% to U.S. $78.4 per barrel.
According to Zvarich, the oil price correction might limit growth of the Russian market. Sales may predominate in the evening ahead of holidays, he said.