Russian stocks to grow on foreign optimism, rising oil prices

MOSCOW, Dec 13 (PRIME) -- Russian stocks are expected to grow at the opening on Friday amid optimism on foreign floors and rising oil prices, analysts said.

“The foreign background is positive today: after yesterday’s growth of the U.S. stock market by 0.8% the U.S. stock index futures are adding around 0.4% today. This suggests that we will open at the level of historical highs today,” Alor Broker analyst Alexei Antonov said.

Olma senior analyst Anton Startsev said that European indices closed in plus, and Asian indices are growing as well.

“An increase of the RTS Index may continue at the start of trading today. Investors on global markets have been waiting for reasons for the “Christmas rally”. Thus, the Bloomberg information service reports about the approval by the U.S. president of the first part of a trade deal with China, including the cancellation of a new package of duties, which were expected to take effect on December 15,” Startsev said.

Among other events, investors will focus on the central bank’s decision on the key rate later in the day. Analysts project that the regulator will lower the rate by 0.25 percentage points.

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