The share market of the Russian Federation and the ruble strengthened against the background of the beginning of the tax period

The share market of the Russian Federation and the ruble strengthened against the background of the beginning of the tax period


On Tuesday the foreign exchange market in early trading continuation is possible with the emerging appreciation of the ruble, analysts say.

MOSCOW, Nov 17. Elena Likova. The shares will rise following the world courts, the ruble at the beginning of the day can continue growing at the beginning of the tax period in the Russian Federation.

Despite the fall in oil prices below $ 45 per barrel mark Brent, the global markets demonstrate growth on the background of stabilization after the first reactions to the terrorist attacks in France, experts say.

Forecasts

Tuesday in early trading a slight increase, according to a leading analyst of investment “OLMA” Anton Startsev. Global markets stabilized after the first response to the terrorist attacks in France, he adds.

The opening of the Russian stock market is expected with the increase of the RTS index and in the region of 1750 points on the MICEX index, predicts Oleg Steps from “solid”. He suggested that in the short term amid the surge of investors ‘ optimism due to signs of warming relations between Russia and the West, the Russian stock market will attempt growth.

The beneficiary of improved relations between Russia and the West may become the financial sector, says the analyst. In the technical aspect for the development of ascending trend, the MICEX index is necessary to overcome the resistance zone, located in the district 1785-1800 points, adds Steps.

According to Startseva, in the foreign exchange market in early trading continuation is possible with the emerging appreciation of the ruble, but the data of technical analysis do not allow to speak about signals to strong movements.

During the week the probability of testing the pair dollar-ruble level 67 remains high, despite the start of the tax period in Russia, says Sergey Kochergin from Exness group.

“If in December, OPEC will keep quotas for oil production unchanged, the price of Brent crude oil to drop below 40 dollar per barrel and the dollar rise above 70 rubles. For the Russian economy a temporary drop in the price of a barrel to $ 40 will not pose much of a threat. The main thing is that in the future the average price of a barrel was $ 50,” he commented.

And a trader GLOBEXBANK Artem Gites believes that the ruble gets good support from the beginning of the tax period and the revitalization of exporting companies. In addition, the observed formation of a strong resistance level in the area of 66, 60, which couple is trying for strength on 16 September, he adds. “We can conclude that at this level that activates most of the vendors, revealing shorts. Apparently, Tuesday the dollar-ruble will hold in the range 64,80-66,00,” he says.

External factors

American stock indices on Monday, added 1.1% and 1.5% against decrease in fears of investors regarding the impact of Friday’s terrorist attacks in Paris on the state of the economy.

The Dow Jones industrial average rose by 1.38% to 17483,01 point, high-tech NASDAQ — by 1.15% to 4984,62 points, the index of wide market S&P 500 by 1.49% to 2053,19 item.

Stock futures US the morning have grown on 0,07-0,13%. Asia stocks grew on most indices of 0.24-2,29%, while Singapore’s Straits Times index declined by 0.14%.

The price of oil hovers around 44.7 per dollar per barrel mark Brent (minus 0,19% year-on fixing). The Euro is 1,0659 1,0685 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 on the main indices on the background of strengthening of the ruble against the dollar and the Euro.

The MICEX index to closing has grown on 0,67% — to 1739,8 points, RTS — on 1,13% — to 824,17 item.

The dollar calculations “tomorrow” on the basis of currency trading on Monday fell by 1.5 rubles — to 65.27 ruble, the Euro by 2.02 ruble — to 69,75 ruble, follows from the data of the Moscow exchange.