Russian stocks seen mixed on falling oil, rising global floors

MOSCOW, Jan 10 (PRIME) -- Russian stocks may open mixed on Thursday, as oil prices are falling, while the foreign stock floors are demonstrating positive dynamics, analysts said.

“The Russian stock market may start trading with mixed dynamics on Thursday amid contradictory signals from global markets: falling oil prices and increased U.S. and European indices,” Forex Club analyst Ivan Marchena said.

The U.S. stock floors grew 0.4–0.9% on Wednesday amid hopes for positive results of trade negotiations between the U.S. and China, the analyst said.

Main European indices increased 0.7–0.9%, while Asian indices are not showing single dynamics, he said.

The Brent oil price is slightly reducing on Thursday after jumping 5% on Wednesday on Saudi Arabia saying it reduced oil production to 10.2 million barrels, which is more than envisaged the OPEC+ agreement.

Olma senior analyst Anton Startsev said, “While the external background on the whole remains relatively favorable, some “cooling” of buyers’ activity on the stock markets cannot be ruled out in the short term due to the effect of uncertainties.”

“The latter should include the prospects for the U.S. government resuming its work in full, which became less certain after fruitless negotiations of President Donald Trump with representatives of the Democratic Party, as well as the format of the U.K.’s exit from the E.U. still not approved – the deal with the E.U. proposed by (U.K. Prime Minister) Theresa May will again be considered by the parliament next week, and its approval looks unlikely,” he said.

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