Russian stocks seen opening neutral ahead of central bank meeting

MOSCOW, Jun 11 (PRIME) -- The Russian stock market is to open with marginal changes ahead of a central bank board meeting scheduled for Friday, analysts said.

"We expect mixed dynamics," Georgy Vashchenko, head of the department for operations on the Russian stock market of investment company Freedom Finance, said, putting the MOEX Russia Index range estimate at 3,800–3,850.

The index closed at 3,827.71 on Thursday.

Vashchenko said that investors will focus on the central bank board meeting, where it is expected to raise the key rate by 0.5 percentage points to 5.5% annually, and maintain a mild monetary policy.

Yekaterina Krylova at Promsvyazbank said that Brent is to fluctuate around U.S. $71–73 per barrel ahead of a release of an International Energy Agency (IEA) report expected to demonstrate higher demand.

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