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Russian stocks seen flat on neutral background, oil at $56/bbl

MOSCOW, Sep 21 (PRIME) -- Russian stocks may open flat or slightly grow on Thursday amid a neutral background and oil prices fluctuating around U.S. $56 per barrel, analysts said.

“We expect the Russian stock market to open at around 2,055–2,060 points at the MICEX index, assuming that this stock indicator will make growth attempts to exit the ongoing consolidation if the foreign background improves,” Oleg Shagov, head of the investment company Solid’s research department, said. On Wednesday, the MICEX closed at 2,057.53.

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 are fluctuating around $56.2 per barrel in expectation of a meeting of the monitoring committee of OPEC and non-OPEC states that will be held on Friday.

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

Investors will follow President Vladimir Putin’s visit to the Moscow office of Internet giant Yandex, as well as his meeting with representatives of business circles later in the day.

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21.09.2017 09:11