Russian stocks seen rising slightly on oil price, US futures growth

MOSCOW, Sep 13 (PRIME) -- The Russian stock market is expected to open with a small upward gap on Monday on the back of an increase of oil prices and U.S. stock market futures, analysts said.

"We expect a mixed dynamics. The MOEX Russia Index guidance amounts to 3,980–4,020," Georgy Vashchenko, head of investment company Freedom Finance’s department for trade operations on the Russian stock market said.

Alor Broker senior analyst Alexei Antonov said that the U.S. stock market futures were increasing slightly on Monday in the morning, oil prices grew 0.5% to more than U.S. $73 per barrel. Metal prices were mixed with aluminum soaring about 2% and nickel losing about 1%.

Antonov said that the Russian market will be mostly focusing on the U.S. stock market dynamics in the near future.

End