Russian stocks to open with decline on lack of drivers

MOSCOW, Oct 13 (PRIME) -- The Russian stock market may slightly decrease at opening on Thursday on the lack of drivers, analysts said.

“The pressure on the Russian stocks may increase today, negative dynamics may restart as trade participants inclined to speculations will switch to profit taking on long positions, which were opened at the start of the week, and this will contribute to decline,” senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

The external background is negative in the morning before the start of trading in Russia. The leasing Asian floors are decreasing within 1.5% and the futures of the U.S. main stock indices are gaining 0.1%. The next Brent oil futures edged up 0.1% to U.S. $92.6 per barrel.

According to Vitaly Manzhos, senior risk manager at investment company Algo Capital, the external background is rather neutral and the MOEX Russia Index may open with a moderate change to the closing level.

Investors will track inflation statistics and jobless claims in the U.S. and inflation statistics in Germany.

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