The stock market and the ruble in the beginning of the day will decrease on falling oil prices

The stock market and the ruble in the beginning of the day will decrease on falling oil prices


Analysts expect the Russian stock market in early trading by 0.5% on the MICEX index. Ruble, without tax support, will begin to regain lower prices of Brent crude oil to 47.1 per barrel.

MOSCOW, 27 Jan. Elena Likova. The share market of the Russian Federation, and the ruble drops amid falling oil prices, the price of Brent fell in the area is 47 dollars per barrel.

Ended tax period does not add optimism for the growth of the Russian currency, analysts say.

Forecasts

On Tuesday, the ruble, without tax support, will begin to regain lower prices of Brent crude oil to 47.1 per barrel, says Sergey Kochergin of the company Exness. Within the current day, the probability of fixing the dollar above the level of 63,3 rubles, he adds.

Despite the large amount of statistics, today, we can hardly expect any sudden movements and jerks of the major currency pairs says trader GLOBEXBANK Artem Gites.

In case of a fall in oil prices below 47 dollars per barrel dollar possible breach of the resistance at 63,30 and subsequent growth to 64,80-65 rubles, says Vladislav Antonov from Alpari.

If the U.S. dollar will remain below 63,30 ruble, when the recovery in oil prices is expected to return to 62,30-62,40 ruble, he adds.

“With the growth of the pair dollar/ruble above 63,30, the Euro exchange rate will rise to 71,50 ruble. If oil prices rise, the Euro will return to the mark 68,80 of the ruble,” — says the analyst.

The Russian stock market in early trading on Tuesday will decrease by about 0.5% on the MICEX index in the course of the day likely test the mark of 1700 points in the case of preservation of negative moods on the external markets after the start of the fed meeting, says Ilya Frolov from PSB.

“Moreover, in the coming days, we see the risk of rollback of the MICEX index to the support area of 1680-1690 items, the decline of the RTS index may be more significant due to the risks of weakening of the ruble by the end of the tax period,” — says the analyst.

While weak oil prices (Brent below 48 dollars per barrel) is a key factor depriving the marketplace of ideas for growth, complicating access to the region seven-month highs the MICEX index adds Frolov.

External factors

American stock indices on Monday closed mostly in the red amid weak statistics on the real estate market of the country.

The Dow Jones industrial average fell 0.13% to 17623,05 point, high-tech NASDAQ rose by 0.06% to 5034,70 points, the index of wide market S&P 500 fell by 0.19% to 2071,18 item.

Stock futures US the morning has decreased by 0,13-0,15%. Asia stocks declined 0.17 to 0.9% for most indexes.

The price of oil hovers around 47,17 dollars per barrel mark Brent (minus 0,55% compared to the previous fixing). The Euro is 1,1062 1,1056 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 Monday fell for the main indices on the background of weakening of the ruble and oil, which fell below 48 dollars per barrel; small support for the MICEX index during the day provided that the shares of Sberbank.

The MICEX index to closing has decreased on 0,77% — to 1712,13 points, RTS — on 1,7% — to 858,01 item.

The dollar calculations “tomorrow” on the basis of currency trading Monday rose by 64 kopecks to 63,02 ruble, Euro 96 cents to 69,66 ruble.