Russian stocks to fall on negative background, ahead of Fed meeting

MOSCOW, Oct 30 (PRIME) -- Russian stocks are expected to decrease at the opening on Wednesday dragged by negative dynamics on global floors and in expectation of the U.S. Federal Reserve’s decision on interest rate, analysts said.

“Today, suspension of growth at the RTS Index is possible – investors are reducing activity on markets as a whole in expectation of the U.S. Federal Reserve’s decision on the interest rate and a news conference of Jerome Powell,” Olma senior analyst Anton Startsev said.

The U.S. stock indices lost 0.1–0.6%, the U.S. stock index futures are trading slightly below the levels of Tuesday’s close. European stock indices closed in minus, and Asian indices are also showing downward dynamics, the analyst said.

Investors will also follow publication of financial reports by power company Enel Russia and independent gas producer Novatek.

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