Russian stocks seen mixed on unstable oil, foreign mkts recovery

MOSCOW, Sep 10 (PRIME) -- The Russian stock market is to open mixed as the oil prices and foreign markets are demonstrating unstablerecovery, analysts said.

"We expect mixed dynamics. The raw material and stock markets are demonstrating a rebound, yet it does not look long-term. The meeting of the European Central Bank and the U.S. statistics are in focus… the MOEX Russia Index guidance is 2,840–2.880," Georgy Vashchenko, head of the department for trade operations on the Russian stock market at investment company Freedom Finance, said

Finam analyst Alexei Korenev said that the external background for the Russian stock market is much more favorable on Thursday morning than on Wednesday. Oil prices grew impressively, he said. As of 7:56 a.m., Moscow time, Brent traded at U.S. $40.69 per barrel, dipping from a maximum of $41.20 per barrel.

Korenev said that the market will wait for the U.S. Energy Department statistics to be released at 18:00 p.m., Moscow time. The Cushing hub in Oklahoma will report on excessive reserves.

He said that the global stock market futures are near zero and will provide no negative impact on the Russian market. 

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