Russian stocks to start rising as Scotland to stay with UK

MOSCOW, Sep 19 (PRIME) -- The Russian stock market will see an upward gap at the trading session’s opening on Friday because investors reacted positively to the Scotland’s referendum preliminary results signaling people’s willingness to remain in the U.K., analysts said.

“The foreign background before opening of the trading session in Russia has been positive today except if we take in consideration yesterday’s oil price fall. The Russian stock market must grow in line with the European ones on the news from Scotland,” Vasily Oleinik, analyst at IT Invest, said.

Scotland would like to stay with the U.K., according to the preliminary data as of 9.00 a.m., Moscow time on Friday, this information was a positive factor for Western traders, Oleinik said.

The U.S. indices grew on Thursday evening with the S&P 500 gaining 0.49% to 2,011.36 and the Dow Jones growing 0.64% to 17,265.99.

Most Asian indices opened with an upward gap on Friday.

Brent price kept virtually flat at U.S. $97.63 per barrel at 8.45 a.m., Moscow time. All these factors provide the Friday’s trading session start in Moscow with a positive background, Nord-Capital senior analyst Roman Tkachuk said.

There are risks that the E.U. will continue slapping new sanctions on Russia after on Thursday evening the European Parliament proposed to consider refusing further participation in laying of the Russian pipeline South Stream, discontinuing cooperation in the nuclear power sector and cutting Russia off SWIFT. Japan may also extend its sanctions against Russia. Any news regarding the further punishment over the crisis in Ukraine will influence the Russian market trends, Oleg Shagov, Promsvyazbank’s senior analyst, said.

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