Prediction: the stock market of the Russian Federation and the ruble strengthened against the background of positive external

Prediction: the stock market of the Russian Federation and the ruble strengthened against the background of positive external


On Tuesday there will be continued growth in the stock market, believes Georgy Vashchenko from the company “freedom Finance”. Anna Bodrova of Alpari believes that the U.S. dollar will hold an auction Tuesday in the range 63,30-64,10 ruble.

MOSCOW, 3 Nov. Elena Likova. The share market of the Russian Federation and the ruble strengthened on positive external background, but growth could be restricted oil prices fell below 49 dollars per barrel mark Brent.

As one of the positive factors analysts have called the growth index (PMI) of manufacturing industries of the Russian Federation in October, above the 50 mark (to 50.2 points).

On the eve of the national holiday, the players will record to arrive, which will also limit the growth of the Russian market analysts of the stock market.

Forecasts

On Tuesday there will be continued growth in the stock market, will become the leaders of the financial sector stocks, says Georgy Vashchenko from the company “freedom Finance”. The target for the MICEX index — 1750 points, he adds.

“We expect an increase of MICEX index today in early trading before 1740 points to a positive external background, the limiting factor is the oil price, which has been kept below 49 dollars,” — says senior economist of Bank “Globex” Alexey Balashov.

The opening of the Russian share market on Tuesday is expected with the increase of the RTS index and around 1735 points on the MICEX index, says Oleg Steps from “solid”.

It is worth noting that on Monday the MICEX index ended the trading session at a maximum level as of the closing date over the last six months, he says. In the short term, the MICEX index could once again try to overcome the current resistance zone 1740-1750 points, not for the first week protruding obstacle to further growth, says the analyst.

Some improvement in the external background can support the quotations in early trading, but a remarkable recovery looks unlikely, given the upcoming holiday, says a leading analyst of investment “OLMA” Anton Startsev.

He recalled that on November 4 BP are not held on the national holiday, while world stock markets are open as usual, and in China, Europe and the USA will be published data on business activity in the service sector.

“According to technical analysis, direction of motion depends on the pinning of the RTS index above the level at 850 points,” says the analyst.

Currently formed conditions to overcome the aforementioned resistance zone, which can lead to movement in the district 1750-1770 before the end of the current holiday-shortened week, says Ilya Frolov from PSB.

“To limit gains on Tuesday can only approach a festive day that may reduce trading activity and lead to some profit-taking at closing,” notes the analyst.

The US dollar will hold an auction Tuesday in the range 63,30-64,10 of the ruble, says Anna Bodrova of Alpari. “The breakdown of support 63,30 “bears” will try to leave the area 63,00, but hardly at them it will turn out today,” she said. The European currency will be traded in the corridor 69.85 mm-70,75 of the ruble, the analyst adds.

Action “Transaero”

The plan of salvation “Transaero” in jeopardy, says Georgy Vashchenko from the company “freedom Finance”. He believes that after being informed about the failure of the deal on purchase of “Transaero”, the chances of saving the company even less.

“Quotes will continue to drop on Tuesday, it is possible that double-digit rate, but because of the abundant and inconsistent flow of news reliable forecast on paper is impossible,” — says the analyst.

External factors

U.S. stock indexes on Monday rose between 0.9 and 1.45% on the back of positive internal statistics, NASDAQ has reached the maximum level at day 15 years of trading.

Industrial index Dow Jones rose by 0.94% to 17828,76 point, high-tech NASDAQ — on 1,45%, to 5127,15 points, the index of wide market S&P 500 by 1.19% to 2104,05 item.

Stock futures USA morning, went down by 0.07%. Asia stocks traded mixed: the Hang Seng is declining by 0.84%, Nikkei 225 — by 2.1%, the Shanghai SSE Composite rising 0.07%, Singapore Straits Times index — by 1%, the Australian S&P/ASX 200 — on 1,42%.

The price of oil hovers around 48,81 per barrel Brent (plus 0.05% of the previous fixing). The Euro is 1,1018 1,1014 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 rose by major indices following ordinary shares of Sberbank and papers of some of the largest oil and gas companies.

The MICEX index to closing has grown on 1,42% — to 1735,75 points, RTS index — on 0,97% — to 853,77 item.

The dollar calculations “tomorrow” on the basis of currency trading on Monday fell by 29 cents to 63,67 ruble, Euro — by 30 cents, to 70,06 ruble.