Russian stocks to grow on foreign optimism, rising oil prices

MOSCOW, Aug 19 (PRIME) -- Russian stocks are projected to increase at the opening on Monday amid optimism on global floors and growing oil prices, analysts said.

“A rebound at the RTS Index is possible at the start of trading today under the influence of the foreign background – an improvement has been outlined following a favorable comment of (U.S. President) Donald Trump in relation to dialogue with China, which helped to ease investors’ concerns connected with ‘trade wars’ and some recovery of demand on stock markets and on the whole,” Olma senior analyst Anton Startsev said.

The U.S. stock indices rose by 1.2–1.7%, the U.S. stock index futures are growing, European stock indices closed in plus, and Asian stocks are also growing, Startsev said.

Investors will follow publication of financial results by ALROSA, Rusagro, and Qiwi, analysts said.

End