Russian stocks to open flat on neutral foreign background

MOSCOW, Nov 26 (PRIME) -- The Russian stock market is likely to open neutrally and consolidate during the day on Tuesday due to a lack of global drivers for any noticeable movement, analysts said.

“The external background is neutral. The U.S. indices grew after the Russian stock market had closed on Monday. Asian benchmarks are trading mixed… The MOEX Russia Index is likely to open flat,” Director of BCS Broker’s stock market experts department Vasily Karpunin said.

Oil prices are consolidating and provide no support to the Russian market, he added.

Georgy Vashchenko, head of investment company Freedom Finance’s department for trade operations on the Russian stock market, expects consolidation of the MOEX Russia Index within the 2,930–2,960 range.

Olma senior analyst Anton Startsev said that global traders are still optimistic about the future of the U.S.–China trade deal, but there are no sufficient reasons for the RTS index to break through the current consolidation range.

Oil company Lukoil is expected to publish IFRS financial report for July–September and January–September, which may influence the Russian market.

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