MOSCOW, Nov 8 (PRIME) -- Russian stocks may again open neutrally on Thursday as the foreign background remains mixed, analysts said.
“We expect the MOEX Russia Index to open with an insignificant change within 0.3%, near the level of 2,445 points. The nearest support levels will be 2,430 and 2,420 points. The main resistance will be 2,460 and 2,470 points,” Algo Capital’s senior risk manager Vitaly Manzhos said.
After the neutral start of trading, the MOEX Russia Index will most likely switch into consolidation, while oil price dynamics will be the main external indicator for the market participants in the second half of the day, the analyst said.
Prior to the opening of the Russia market, the U.S. stock index futures are demonstrating a moderate decline within 0.3%, Brent oil futures fell 0.1%, gold futures lost 0.3%, Japan’s Nikkei225 increased 1.9%, and Hong Kong’s Hang Seng added 0.8%.
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