Russian stocks to fall in line with oil prices, foreign background
MOSCOW, Mar 5 (PRIME) -- Russian stocks may slightly fall at the opening on Tuesday amid a moderately negative foreign background and reducing oil prices, analysts said.
“We expect the MOEX Russia Index to open with a moderate decrease of around 0.3%, around the level of 2,465 points. The nearest support levels will be 2,460 and 2,450 points. The main resistance will be at 2,480 and 2,490 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.
Before the start of trading in Russia, the U.S. stock index futures are demonstrating minimally mixed deviation, Brent oil futures lost 0.5%, Japan’s Nikkei225 decreased 0.5%, and Hong Kong’s Hang Seng edged down by 0.2%.
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05.03.2019 09:20