Russian stocks seen neutral on mixed background, lack of drivers
MOSCOW, Apr 5 (PRIME) -- Russian stocks are not expected to change much at the opening on Friday amid a mixed foreign background and a lack of strong drivers, analysts said.
“We expect a neutral opening of the MOEX Russia Index with an insignificant change within 0.1–0.3%, near the level of 2,535 points. The nearest support will be at levels of 2,520 and 2,510 points. The main resistance will remain at 2,540 and 2,550 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.
Before the start of trading in Russia, the U.S. stock index futures moderately increased within 0.2%, Brent oil futures lost 0.2%, Japan’s Nikkei225 grew 0.3%, while markets of Hong Kong, Taiwan, and China are closed for national holidays.
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