Russian stocks seen flat on neutral foreign background

MOSCOW, Aug 17 (PRIME) -- Russian stocks are not expected to change much at the opening on Friday amid a neutral foreign background and falling oil prices, analysts said.

Olma senior analyst Anton Startsev projects the RTS Index’s consolidation with possible borders at 1,050 and 1,090 points in the short-term. “The foreign background looks neutral before the start of trading – easing concerns about ‘trade wars’ between the U.S. and China have become a favorable factor for stock markets, but issues in relations of the U.S. and Turkey remain, which curbs investor activity not only on the Turkish market, but on developing markets on the whole,” the analyst said.

Before the start of trading in Russia, the U.S. stock indices rose 0.4–1.6%, European stock indices closed with growth, and Asian stocks are trading with mixed dynamics. Brent oil futures are falling.

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