Analysts: the share market of the Russian Federation and the ruble will grow after oil

Analysts: the share market of the Russian Federation and the ruble will grow after oil


According to analysts, the pair dollar/rouble will hold in the range of 60.50-62,20, Euro/ruble will potorguemsya in the range of the 68,85-70,10.

MOSCOW, 9 Oct. Dmitry Mayorov. The share market of the Russian Federation and the ruble in the beginning of the day will increase following the strengthening of the oil market in the area is 54 dollars a barrel of Brent, according to analysts.

The dollar may test support around 61 ruble, Euro 69 rubles.

Forecasts

It is expected the opening of the market with an increase of 0.5-0.8% on the MICEX index, around 1700, the nearest significant to be the 1680 and 1690, as the significant resistance will make a mark 1710 and 1720, rate Vitaly Manzhos from the Bank “Education”.

“In the first minutes of trading, the MICEX index will play a continuing improvement in the external background. However, further rise can be limited by strengthening of the ruble, the availability of local supports and the accumulated since the beginning of the week overbought,” said he.

Auction Friday the pair ruble/dollar will hold in the range of 60.50-62,20, Euro/ruble will potorguemsya in the range of the 68,85-70,10, now the market is about on the same level, from where on August 4, started the rally in foreign currencies, said Anna Bodrova from the company “Alpari”.

Support the rouble have appeared on the market talk about the probability of cancellation of Western sanctions against Russia already in the beginning of 2016, said Alyona Afanasyeva from Forex Club.

External factors

The US stock indices grew by 0.4-0.9 percent, after minutes from the September fed meeting. The members of its open market Committee believe that for the first since 2006 the rate increase is necessary to maintain the level of inflation closer to 2%.

Stock futures USA with the morning grew by 0.1-0.3%. Asia stocks grew by 1.1-1.7% with most indices, the Shanghai — by 1.3%, Japanese 1.6%.

The price of oil hovers around 53.7 per dollar per barrel mark Brent. The Euro is 1,1274 1,1264 of the dollar against the dollar at the previous auction.

The results of the previous auctions on the Russian market

The Russian stock market on Thursday rose for the main indices on the strengthening of the ruble and against the background of rising oil prices which have risen in the area is 53 dollars per barrel.

The MICEX index to closing has grown on 0,59% — to 1689,32 points, RTS index — on 1,46% — to 856,44 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” on the basis of currency trading Thursday decreased by 1.29 ruble — to 61,37 ruble.