The share market of the Russian Federation and the ruble at the opening will be stable

The share market of the Russian Federation and the ruble at the opening will be stable


According to analysts, the trading range for the dollar on Friday 63,90-65,10 ruble, Euro – 70,45-71.10 metres of ruble. The weakening of the Russian currency may reach 40-70 cents.

MOSCOW, 30 Oct. Dmitry Mayorov. The share market of the Russian Federation and the ruble at the beginning of last trading week little changed on a neutral external background.

During the day important for the markets, and especially monetary, will be the decision of the Central Bank of Russia key rate, experts say.

Forecasts

The opening of the market will be held, with a slight change of MICEX index in the range of 1705-1710, the nearest significant to be the 1700 and 1690, as the resistance will make a mark 1720 and 1735 on the MICEX, believes Vitaly Manzhos from the Bank “Education”.

“Probably after the neutral start of trading, the MICEX index after the lateral movement near the opening level. Mixed external background yet does not contribute to directional movement of the Russian market”, — he added.

Start of day for the ruble will become neutral, and then all the players ‘ attention will be drawn to the decision of the Central Bank of Russia key rate.

If the regulator will remain unchanged at the existing level, the rouble will try to strengthen against the dollar and the Euro, if the rate will be lowered, the weakening of the Russian currency may reach 40-70 cents, says Anna Bodrova from the company “Alpari”.

Estimated range of trades on us dollar on Friday 63,90-65,10 ruble, Euro — 70,45-71.10 metres of the ruble, she said.

External factors

The US stock indices fell between 0.45% on the background of published macroeconomic statistics on GDP.

Real GDP growth in the third quarter of 2015, according to the first estimate, amounted to 1.5% yoy (worse than analysts ‘ forecasts, who had expected GDP growth of 1.6%). In the second quarter the growth amounted to 3.9%. Real growth in consumer spending in the third quarter slowed to 3.2% from 3.6% a quarter earlier.

The number of initial applications for unemployment benefits in the U.S. for the week ended 24 October, increased by 1 thousand, compared with figures of previous period — to 260 thousand, while experts had expected growth rate up to 265 thousand.

Stock futures USA with the morning increased by 0.3-0.4%. Asia stocks mixed changed on most indices, the Shanghai grew by 0.8%, Japanese — also 0.8%.

The price of oil hovers around 48.5 dollars per barrel Brent. The Euro is 1,0984 1,0975 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 closed in red zone amid ruble depreciation and high volatility of the oil market.

The MICEX index to closing has decreased on 1,04% — to 1708,60 points, RTS index — on 1,77% — to 839,57 item

The dollar calculations “tomorrow” on the basis of currency trading Thursday increased by 46 cents to 64,41 ruble, Euro to 85 cents, up to 70,68 ruble. The value of the currency basket (0.55 dollars and 0.45 euros) increased by 64 kopecks compared with the previous closing and amounted 67,23 ruble.