Russian stocks to fall dragged by foreign floors, oil prices

MOSCOW, Jun 25 (PRIME) -- Russian stocks will likely decrease at the opening on Tuesday dragged by negative dynamics on global floors and falling oil prices, analysts said.

“We expect the MOEX Russia Index to open with a significant reduction of around 0.2–0.4%, near the level of 2,755 points. The nearest support levels will be 2,750 and 2,740 points. The main resistance will be at 2,770 and 2,780 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

Prior to the opening of the Russian stock market, the U.S. stock index futures are demonstrating a significant reduction within 0.2–0.5%. Brent oil futures edged down 0.8%. China’s Shanghai Composite decreased 1.6%, and Japan’s Nikkei225 lost 0.7%.

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