Russian stocks seen flat on neutral background, cheap oil

MOSCOW, Oct 3 (PRIME) -- Russian stocks may open flat on Tuesday amid a neutral background and falling oil prices, analysts said.

“We expect the Russian stock market to open around 2,075 points at the MICEX index, assuming to see further attempts of this stock indicator to get out of the consolidation area,” Oleg Shagov, head of the investment company Solid’s research department, said. On Monday, the MICEX closed at 2,075.72.

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 fell to U.S. $55.9 per barrel pressured by data indicating revival of growth of drilling activity in the U.S. and increased oil production by OPEC states in September.

The leading U.S. stock index futures are gaining a bit, and main Asian stock indicators are demonstrating mostly positive dynamics.

Investors will follow news from the Russian Energy Week and publication of the Moscow Exchange’s operating results, analysts said.

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