Russian stocks to slightly rise amid high oil, falling foreign floors

MOSCOW, Jun 26 (PRIME) -- Russian stocks are expected to grow insignificantly at the opening on Wednesday amid high oil prices and negative dynamics on foreign floors, analysts said.

“We expect the MOEX Russia Index to open with an insignificant growth of around 0.2%, near the level of 2,760 points. The nearest support levels will be 2,750 and 2,740 points. Main resistance will be at 2,770 and 2,780 points,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

Before the start of trading in Russia, the U.S. stock index futures are demonstrating an insignificant decline within 0.1%, Brent oil futures added 1.5%, China’s Shanghai Composite fell 0.3%, and Japan’s Nikkei225 edged down 0.6%, he said.

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