MOSCOW, Feb 21 (PRIME) -- Russian stocks may open flat on Tuesday, as investor activity is low this shortened work week and oil prices are stable amid non-OPEC states fulfilling an oil production cut deal, analysts said.
“We expect the Russian stock market to open at the level of previous close of the MICEX index (2,119 points), assuming that this stock indicator will continue fluctuations around current levels under the influence of permanent changes of the foreign background amid a low investor activity on a shortened trade week,” Oleg Shagov, head of investment company Solid’s research department, said.
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 have gained and are fluctuating around U.S. $56.2 per barrel on the back of reports that a number of non-OPEC countries are reducing oil production ahead of an earlier agreed schedule.
The leading U.S. stock index futures are not changing much and main Asian stock indicators are not showing single dynamics.
Investors will follow publication of gold producer Polyus’ financial results for 2016 among other corporate events on Tuesday.
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