The stock market and the ruble will remain under pressure from falling oil prices

The stock market and the ruble will remain under pressure from falling oil prices


The morning growth of futures for oil eliminates the deterioration of sentiment in the Asian markets and the evening fall in the value of contracts for Russian blue chips, said Vitaly Manzhos from the Bank “Education”.

MOSCOW, 22 Oct. Elena Likova. The share market of the Russian Federation on Thursday will be to consolidate near the levels of the previous close, the ruble early in the day will drop, remaining under pressure of oil prices.

According to analysts, while the price of oil does not give a turn to the upside.

Forecast in numbers

Vitaly Manzhos from the Bank “Education” is awaiting the opening of the market, with a slight change on the MICEX index, around the level of 1710 points. The nearest significant time to 1700, 1690 points, as resistances will again mark 1720, 1730 points, he said.

“Probably after the neutral start of trading, the MICEX index will move in consolidation mode in the middle of the range 1700-1720 points. The morning growth of futures for oil eliminates the deterioration of sentiment in the Asian markets and the evening fall in the value of contracts for Russian blue chips,” says the analyst.

In the currency market, the ruble will remain under pressure from the uncertain dynamics of oil prices. The dollar may once again try to get above 63 rubles, says a leading analyst of investment “OLMA” Anton Startsev.

External factors

U.S. stock indexes on Wednesday have decreased on the background of corporate reports.

Industrial index Dow Jones has decreased on 0,28% — to 17168,61 point, high-tech NASDAQ — on 0,84%, to 4840,12 points, the index of wide market S&P 500 by 0.58% to 2018,94 item.

Stock futures USA with the morning grew within 0,2-0,31%.

Asia stocks traded mixed: Japanese Nikkei 225 is reduced by 0.64%, Hang Seng — on 0,71%, Singapore’s Straits Times index rising 0.37%, the Australian S&P/ASX 200 — by 0.3%, the Shanghai SSE Composite — on 0,75%.

The price of oil hovers around 48,08 $ per barrel Brent.

The Euro is 1,1332 1,1337 of the dollar against the dollar at the previous closing.

The results of the previous auctions on the Russian market

The Russian stock market on Wednesday declined for the main indices on the background of falling oil prices in the Brent area $ 48 a barrel because of the growth of commercial oil reserves in the United States.

The MICEX index to closing has decreased on 0,74% — to 1709,94 points, RTS index — on 2,13%, to 856,88 item.

The dollar calculations “tomorrow” on the basis of currency trading environment increased by 89 cents to 63,01 ruble, Euro — by 97 cents to 71.46 ruble.