Outlook: the ruble in the beginning of the day will remain under pressure from weak oil

Outlook: the ruble in the beginning of the day will remain under pressure from weak oil


In the first minutes of trading, the Russian market will win back evening falling oil prices, said Vitaly Manzhos from the Bank “Education”. The ruble today there is no chance for stability, appreciated Anna Bodrova from the company “Alpari”.

MOSCOW, 13 Nov. Dmitry Mayorov. The share market of the Russian Federation and the ruble in the beginning of the day will remain under pressure of external negativity.

Weak dynamics of oil market will continue to put pressure on the quotations of Russian assets, experts say.

Forecasts

It is expected to open the market lower by 0.5% on the MICEX index, around 1730, the nearest significant to be the 1720 and 1700, and the resistance will make a mark 1740 and 1750 on the MICEX, rate Vitaly Manzhos from the Bank “Education”.

“In the first minutes of trading, the Russian market will win back evening falling oil prices and negative closing of stock market in the United States. However, yesterday’s deterioration in the external background for the most part will have an impact on the ruble exchange rate and the currency index of RTS. Therefore, the fall of the ruble, the MICEX index will be somewhat mitigated”, he added.

Auction Friday for a barrel of North sea oil will be held in the corridor 44,75-45,50 dollars, and the ruble today there is no chance for stability, appreciated Anna Bodrova from the company “Alpari”.

“The US dollar will go to 67,30 ruble, in pursuing this goal, then bulls will test the level 67,75. The European currency will potorguemsya on Friday in the range 71,75-72,65 the ruble,” she added.

External factors

U.S. stocks on Thursday fell by 1.2 to 1.4% amid weak statistics on unemployment in the country.

The number of initial applications for unemployment benefits in the U.S. for the week ended 7 November, unchanged compared with the previous week and amounted to 276 thousand, reported Thursday the Ministry of labour of the country. Analysts were expecting a decline in the level of the previous week by 6 thousand to 270 thousand.

Stock futures USA with the morning grew by 0.13%. Asia stocks were down 0.5-2.1 percent, Shanghai up 0.8%, Japan — 0.5%.

The price of oil hovers around 45.2 dollars per barrel mark Brent. The Euro is 1,0779 1,0809 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 fell for the main indices on the background of weakening of the ruble against the dollar and the Euro.

The MICEX index to closing has decreased on 0,03% — to 1739,96 points, RTS index — on 1,63% — to 831,95 item, updating at least since October 28.

The dollar calculations “tomorrow” on the basis of currency trading Thursday increased by 1.22 ruble — to 66,64 of the ruble, the Euro rose by 1.70 ruble to 72 rubles, follows from the data of the Moscow exchange.

The value of the currency basket (0.55 dollars and 0.45 euros) increased by 1.44 ruble compared to the previous closing and amounted 69,05 ruble.