Russian stocks are expected to open lower on Tuesday amid concerns over declining oil prices and a reduced economic forecast for Japan.
Russian markets closed in the red Monday with the MICEX and the RTS both declining 0.4%. European stocks climbed on Monday after trading lower in early sessions, with banks and telecommunications equipment manufacturers among the biggest gainers. The Stoxx Europe 600 rose 0.3% and the French CAC 40 added 0.6%. The German DAX 30 gained 0.9%, spurred by a 3.3% jump by Deutsche Bank. US stocks closed lower Monday over lagging indicators at home and abroad. The Dow Jones fell 0.3%, while the S&P 500 finished flat and the Nasdaq rose 0.1%, boosted by Apple shares.Asian stocks also traded lower Tuesday after the Japanese government revised down its economic forecast for the first time this year. Japan’s Nikkei fell 0.5% after opening higher and South Korea’s Kospi shed 0.2%. Hong Kong’s Hang Seng lost 0.1%, while the Shanghai Composite traded flat and Australia’s S&P/ASX 200 rose 0.3%.