Russian stocks seen rising as US progressing towards econ support

MOSCOW, Jan 20 (PRIME) -- The Russian stock market will likely edge up at opening on Wednesday on the back of advancements in the U.S. economic incentives approval, analysts said.

"An increase of RTS index is possible today at the start of trade -- expectations of new U.S. economic stimuli (for adoption of which Janet Yellen called for in a speech as a candidate to the Treasury head post) support demand on the commodities and stock markets," investment company Olma senior analyst Anton Startsev said.

"At the same time, the sanction risks remain a holding back factor, which does not allow us to forecast a upcoming of an upward trend in the Russian stock market indices."

Alor Broker senior analyst Alexei Antonov said that the external background before the start of the session on the Russian market is weakly positive as the U.S. stock market futures firmed, and the oil prices increased by about 0.5%. Almost all industrial and precious metals gained.

The weakening U.S. dollar can support the mineral resource prices with Lukoil, metals and gold producers growing most, Antonov said.

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