Russian stocks seen neutral as Kremlin Report agitation fades

MOSCOW, Jan 31 (PRIME) -- The Russian stock market is expected to open with marginal changes on Wednesday because investors’ worries over the U.S.-compiled Kremlin Report have faded, analysts said.

“The external background for the opening of the Russian trading session is mixed. The ultimate influence of…key external factors that have a significant impact on the Russian financial market is close to neutral today at the start of the day in our estimates,” Oleg Shagov, head of the investment company Solid’s research department, said.

Olma senior analyst Anton Startsev said that a negative influence of the Kremlin Report published by the U.S. declined throughout Tuesday, the situation on global markets including the oil market is unstable.

Shagov said that the MOEX Russia Index will likely open with marginal changes. Startsev said that the RTS will likely rise slightly as the Russian market consolidates.

According to Shagov, monetary policy decisions by the U.S. Treasury Department will influence investors’ moods worldwide.

Norilsk Nickel, RusHydro and power producer Territorial Generating Company-1 (TGC-1) will release operating results which are also expected to become important events, he said.

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