Russian stocks seen flat on neutral background, stable oil

MOSCOW, Oct 5 (PRIME) -- Russian stocks may open flat on Thursday amid a neutral background and stable oil prices, analysts said.

“We expect the Russian stock market to open around the level of yesterday’s close of the MICEX index (2,077 points), assuming to see further attempts of this stock indicator to get out from long-standing consolidation,” Oleg Shagov, head of the 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 are fluctuating around U.S. $55.8 per barrel on the back of contradictory statistics data showing a significant reduction of the U.S. oil reserves and growth of the U.S. oil production to 2-year maximum and increase of oil exports to historically high level.

The leading U.S. stock index futures are not changing much, and main Asian stock indicators are not showing single dynamics.

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