The share market of the Russian Federation and the ruble in the beginning of the day will remain stable

The share market of the Russian Federation and the ruble in the beginning of the day will remain stable


The Russian ruble may come under the shadow of the rapid strengthening of the American currency on the Forex market, however, stable oil able to support, says Anna Bodrova from the company “Alpari”.

MOSCOW, 23 Oct. Dmitry Mayorov. The share market of the Russian Federation and the ruble in the beginning of the day will remain resilient on the back of stable dynamics of the oil market.

The strengthening of the dollar against the Euro on the Forex to the area of the lows of mid-August (1,11) will cause weakness of the European currency against the ruble, experts say.

Forecasts

It is expected to open the market up 0.5% on the MICEX index, the close of 1720, the nearest significant time to 1700 and 1710, and as the resistance will make a mark 1730 and 1740 on MICEX, rate Vitaly Manzhos from the Bank “Education”.

“In the first minutes of trading, the MICEX index will play a morning improving the external background and positive dynamics of US stock market. On the wave of the morning shopping he can move into the area by 1730 MICEX, which is near term resistance”, he added.

The Russian ruble may come under the shadow of the rapid strengthening of the American currency on the Forex market, however, stable oil able to support, says Anna Bodrova from the company “Alpari”.

“The USD will hold Friday’s trading under the marks 62,30-63,50 of the ruble, the Euro will potorguemsya in the range of 69.0-70,20 the ruble,” she said.

External factors

The US stock indices on Thursday rose 1.7-1.9% against the background of internal statistics and statements of the ECB head Mario Draghi.

The number of initial applications for unemployment benefits in the country for the week ended October 17, increased by 3 thousand compared with a revised reading of the previous week — to 259 thousand. Analysts had expected growth rate by 10 thousands compared with the original data of the previous week — up to 265 from 255 thousand thousand.

In addition, the number of transactions on sale of housing on the secondary market of the USA in September increased by 4.7% compared with the revised August rate up to 5,55 million. Analysts had expected growth in the number of transactions to 5.37 million with an initial rate in August was 5.31 million transactions.

Weak data push back the timing of rate hike by the U.S. fed that provides support to the market risk capital.

In addition, Draghi announced that the ECB will need to revisit its monetary policy meeting in December. He recalled that the programme of asset purchases provides sufficient flexibility to adjust its size, composition and duration.

Stock futures USA with the morning increased by 0.2-0.5%. Asia stocks grew by 0.7 to 2.1% for most indices, the Shanghai — 0.7%, Japan by 2.1%.

The price of oil hovers around 48.4 dollar per barrel mark Brent. The Euro is 1,1107 1,1106 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 as oil prices established above $ 48 a barrel mark Brent, and against the background of ruble strengthening the main involutum.

The MICEX index to closing has grown on 0,13% — to 1712,10 points, RTS index — on 0,45% — to 860,75 item.

The dollar calculations “tomorrow” on the results of currency trading on Thursday fell by 41 penny to 62,59 ruble, the Euro decreased by 1.9 ruble — to 69,56 ruble.

The value of the currency basket (0.55 dollars and 0.45 euros) decreased by 1.11 ruble compared to the previous closing and amounted 65,73 ruble.