Russian stocks seen neutral on muted oil price dynamics
MOSCOW, Jan 29 (PRIME) -- The Russian stock market will likely open with marginal dynamics on Monday as the changes of U.S. stock market futures and oil prices are small, analysts said.
УThe state of the external background before the start of trade in Russia can be qualified as indeterminate, or mixed,Ф Vitaly Manzhos, senior risk manager at investment company Nord Capital, said.
U.S. stock market futures are rising unevenly by up to 0.3%, Brent futures are almost neutral, gold futures are falling by about 0.5%, JapanТs Nikkei 225 increased by about 0.5% and Hong KongТs Hang Seng by 0.9%, Manzhos said, adding that these factors are forming a neutral background for the start of the Russian session.
The MOEX Russia Index is expected to open at about 2,295; the nearest support levels are 2,290 and 2,280, and the resistance ones are 2,300 and 2,310.
Oleg Shagov, head of investment company SolidТs research department, said that Russian investors are waiting for the U.S. to release the so-called УKremlin Report,Ф which can trigger another round of sanctions.
Cherkizovo, Enel Russia and Rusagro are expected to release operating results for OctoberЦDecember, which will be main corporate events scheduled for Monday, Shagov said.