Russian stocks seen flat on oil price standstill before US stats

MOSCOW, Aug 10 (PRIME) -- The Russian stock market is expected to open with marginal changes on Wednesday because investors are waiting for a release of U.S. oil production and reserves statistics, and oil prices are consolidating.

“The external background does not give any reason for noticeable trends, a lull continues on the fuel market in expectations of negotiations on reduction of OPEC supplies,” Olma senior analyst Anton Startsev said.

Asian markets are demonstrating mixed trends and the European premarket hints at a downward trend at the trading session opening, which makes for a neutral background during the Russian session start, Oleg Shagov, head of investment company Solid’s research department, said.

The MICEX is expected to open at about 1,956.42 and in case of a negative influence, it could decrease beyond 1,950 level, he said.

At home, investors will also pay attention to publication of financial results by Gazprom, Rostelecom and Polyus, Shagov said.

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