Russian stocks seen growing on foreign markets' increase

MOSCOW, Feb 1 (PRIME) -- The Russian stock market will likely edge up at opening on Monday due to the growth of foreign markets, analysts said.

"Our market has started to be influenced by the sanction fears and growth of a protest mood in the country. These are negative factors but dynamics of the U.S. market will become the key guidance," Alor Broker analyst Alexei Antonov said.

He said that the external background for the start of session in Russia is positive as the U.S. stock market futures grow by about 0.5%, the Asian markets increase, as well as the prices for precious metals.

"Against this background, we shall expect a higher market opening, which will in many respects be fueled by the closing of short positions by speculative players," Antonov said.

Finam analyst Natalya Pyryeva said that a 0.75% growth of the Brent price and a 0.52% increase of the WTI contributed to the positive background for the Russian session.

According to Antonov, the gold producers will likely lead the market on Monday.

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