Russian stocks to open neutrally on US Fed meeting expectations

MOSCOW, Sep 15 (PRIME) -- The Russian stock market will demonstrate marginal dynamics at the trading session’s opening on Tuesday because investors are waiting for reports from the next meeting of the U.S. Federal Reserve System (Fed), analysts said.

“The impact of the key external factors which significantly influence the behavior of the Russian financial market is close to neutral today in the start of the day, under our estimates,” Oleg Shagov, head of the analytical department at investment company Solid, said.

The RTS is likely to correct downwards on Tuesday at the opening after a 1.19% increase on Monday in the evening but a strong dynamics is unlikely, Anton Startsev, senior analyst at investment company Olma, said.

The activity at the Russian stock market will remain subdued before Thursday, when the results of the U.S. Fed meeting are to be announced, Startsev said.

The U.S. stock market futures are growing on Tuesday, Asian indices demonstrate a mixed dynamics, Brent is almost flat. The background for the Russian market is “ambiguous”, Timur Nigmatullin, analyst at Finam, said.

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