Economists: stock market and the ruble in the beginning of the day will be stable

Economists: stock market and the ruble in the beginning of the day will be stable


The opening of the stock market is expected to reach about 1720 points, analysts also predict the fluctuation of the dollar in the range of 60,70-62,00 ruble, Euro 68,50 between-70,50 ruble.

MOSCOW, 19 Oct. Dmitry Mayorov. The share market of the Russian Federation and the ruble in the beginning of the day will remain resilient amid the excess of the price of oil of 50 dollars a barrel Brent.

High interest rates on ruble loans will support the ruble, experts say.

Forecasts

It is expected to open stock market at the previous levels of around 1,720 points, said Vitaly Manzhos from the Bank “Education”.

Oil quotations are still poorly reacted to a positive report from Baker Hughes on the dynamics of the number of drilling rigs in the US, said Vladislav Antonov from the company “Alpari”. “Probably today it will work out. The data on Chinese GDP was better than expectations, which should support the oil market and the ruble,” he added.

“On October 21, will host a meeting of OPEC. Started the tax period. Factors supporting the ruble abound, so I’m still waiting for the test level of 60 rubles per dollar. Since today is Monday, there is a chance to spend the day at current levels until Tuesday. The forecast for Monday — the fluctuation of the dollar in the range of 60,70-62,00 ruble, Euro 68,50 between-70,50 ruble”, — said Vladislav Antono.

External factors

The US stock indices rose by 0.3-0.4% mixed internal statistics, according to data exchanges.

The index of consumer sentiment University of Michigan (Michigan Consumer Sentiment Index), reflecting the degree of confidence of households to the U.S. economy in October, according to preliminary estimates, increased to 92.1 per item from 87.2 points in September. Statistics were better than analysts ‘ forecasts, expecting growth of an indicator up to 89 points.

Net loss of American diversified technology group General Electric in the third quarter amounted to 2,545 billion, which is 27% less than in 2014. Earnings per share reached 25 cents, whereas a year ago there was recorded a profit of 35 cents. Analysts had expected the index value at the level of 0,26 USD per share.

Stock futures USA with the am decreased within 0.3%. Asia stocks decreased by 0.3-0.9 per cent in most indices.

The price of oil hovers around 50.1 dollars per barrel mark Brent. The Euro is 1,1372 1,1360 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 Friday closed mixed in anticipation of Monday morning statistics from China on GDP, industrial production and retail sales.

The MICEX index to closing has decreased on 0,86% — to 1717 points, the RTS index rose 0.57% to 881,19 item.

The dollar calculations “tomorrow” at the end of currency trading Friday fell by 12 kopecks to of 61.28 rubles, Euro fell by 23 CPC — 69,59 to ruble, follows from the data of the Moscow exchange.

The value of the currency basket (0.55 dollars and 0.45 euros) decreased by 2 COP compared with the previous closing and amounted 65,18 ruble.