MOSCOW, October 29. The stock indices of the Russian Federation concluded today’s auctions decrease in quotations. So, the MICEX index (MICEX) on the results of today’s trading on the Moscow stock exchange fell by 1.04% to 1708,6 points, and RTS – on 1,77% to 839,57 item.
Trading session of Thursday was held at the Russian market without sharp fluctuations, said the expert of “BCS Express” Vasiliy Karpunin. “Dropping to 1710 points early in the day, the MICEX index finished trading near this level. The publication of the first estimate of U.S. GDP in the 3rd quarter seems to have remained unnoticed. The reaction could be seen only in the currency section, where, following oil quotations, the rouble has won back morning losses, continued weakness” – draws attention the expert.
The cost of futures for oil of mark Brent during trading on the exchange ICE in London for delivery in December rose to a symbolic 0.02% to $49,06 per barrel.
The MICEX index keeps the potential drop in the direction of 1700 points, while the RTS is targeted to the area of 820 points, predicts the Director of the analytical Department of the IR “Golden Hills-Kapital AM” Mikhail Krylov.
“On the eve of published statistics across the USA strengthen Russian investors in the idea of no future bourgeois of the largest economy of the world and say that to invest in Russia’s manufacturing sector”, – the expert believes.
The U.S. GDP growth in the 3rd quarter of 2015, according to preliminary data, slowed to 1.5% compared to the same quarter of 2014, against a growth of 3.9% in the second quarter. The experts interrogated by Agency Bloomberg, expected that in the 3rd quarter, the GDP growth will be 1.6%.
On Friday, the Board of Directors of the Bank of Russia will take a decision on the key rate. The Bank of Russia second time in a row will keep its key rate unchanged at 11% per annum, believes the majority of surveyed economists. The rate decision will be taken at a meeting of the Board of Directors of the Central Bank on Friday, 30 October, and published at 13:30 GMT.