Russian stocks to moderately rise on positive background

MOSCOW, Aug 23 (PRIME) -- Russian stocks are projected to grow at the opening on Friday backed by positive dynamics on global floors and rising oil prices, analysts said.

“We expect the MOEX Russia Index to open with a moderate increase of around 0.3%, near the level of 2,685 points. The nearest support levels will be at 2,670 and 2,660 points. The main resistance will be at 2,690 and 2,700 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

The U.S. stock index futures are significantly growing within 0.3–0.5%, Brent oil futures are adding 0.2%, China’s Shanghai Composite rose 0.4%, and Japan’s Nikkei225 added 0.3%.

Olma senior analyst Anton Startsev said that some lull is possible today during the day as market participants expect a speech of the U.S. Federal Reserve System’s head devoted to the monetary policy.

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