Russian stocks to fall in line with oil prices, global floors

MOSCOW, Dec 7 (PRIME) -- Russian stocks may decrease at the opening on Friday upset by falling oil prices and negative dynamics on global floors, analysts said.

“Consolidation slightly below 1,150 points at the RTS index is possible today at the start of trading. A decision by OPEC+ states on prolongation of an oil production cut agreement, as well as the U.S. labor market data may significantly affect trading during the day,” Olma senior analyst Anton Startsev said.

The U.S. stock indices closed mixed, the U.S. stock index futures are trading with a decline, European stock indices significantly reduced, and Asian stock floors are slightly increasing, he said.

Forex Club analyst Ivan Marchena said the Russian stock market will likely open with a decline amid anxiety on global floors connected with arrest of Huawei CFO.

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