Russian stocks seen growing at opening on oil price recovery

MOSCOW, Dec 13 (PRIME) -- The Russian stock market will likely increase at the start of the Tuesday session on the oil price recovery, analysts said.

"The Russian market may try to recover and erase yesterday's losses today at the start of trade. A better situation with the oil prices will be the key supporting factor for the Russian securities," senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

But according to Zvarich, the foreign markets mood was contradictory, as the key Asian markets demonstrated mixed dynamics, the key U.S. index futures consolidated near yesterday’s closing.

Global investors will expect releases of the U.S. inflation figures, Germany's inflation and economic sentiment reports, U.K. unemployment benefit applications and a speech by head of the Bank of England, Zvarich said.

Georgy Vashchenko, deputy director of the research department of Freedom Finance Global, said that the Russian market may rise by up to 1%, with the banking sector leading.

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