The share market of the Russian Federation and the ruble will stabilize in anticipation of signals from the U.S. Federal reserve

The share market of the Russian Federation and the ruble will stabilize in anticipation of signals from the U.S. Federal reserve


According to analysts, the medium can pass to the US dollar in attempts to consolidate in the range 64,75-65,35 ruble. The trading range for European currency – 71.10 metres-71,95 ruble.

MOSCOW, 28 Oct. The share market of the Russian Federation and the ruble at the opening of trading environment will be stable after a strong exchange rate movements on Tuesday and amid expectations of decision FRS the USA at discount rate.

The ruble will remain under pressure due to weak dynamics of the oil market, analysts say.

Forecasts

The Russian stock market will bargain in the beginning of the session around the level of yesterday’s close, said Alexey Balashov from the Bank “Globex”.

“The market expects the fed comments following the meeting. Also will be published weekly data on stocks of oil and oil products in the US, which recently been one of the main causes of the fall of the black gold”, he added.

The session environment can pass to the US dollar in attempts to consolidate in the range 64,75-65,35 ruble, where bidders try to sell the American currency in the framework of profit-taking, evaluates Anna Bodrova from the company “Alpari”.

“The trading range for European currency — 71.10 metres-71,95 ruble. As expected, this week became very nervous for capital markets. This is probably only the beginning, and investors have stayed in narrow ranges in the major currencies,” said she.

External factors

American stock indices closed the previous trading lower 0.1-0.2% on weak macroeconomic data. Thus, the index of consumer confidence in the U.S. in October fell to 97.6 in September from a revised item index in a decrease of 102.6 points. Analysts forecasted that the indicator at the initial level of September at 103 points.

The volume of orders for durable goods in the U.S. in September fell by 1.2% compared with August.

The economic expectations index in October fell to 88 points from the revised figure in September 90,8 points. The initial rate was 91.6 points. The index of economic conditions was 120,3 paragraph, the figure of September was revised to 112,1 item 121,1 item.

The price of oil hovers around 46.8 per barrel Brent. The Euro is 1,1031 1,1033 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 Tuesday closed mixed after the weaker ruble and falling oil prices Brent crude below $ 47 per barrel.

The MICEX index to closing has grown on 0,80% — to 1725,89 points, the RTS index has fallen to 2,19% — to 839,26 item.

The dollar calculations “tomorrow” on the basis of currency trading on Tuesday rose by 1.88 per ruble to 64.9 ruble, the Euro by 1.97 ruble to ruble 71,63.