MOSCOW, November 23. The stock indices of the Russian Federation has finished today’s trading growth. So, the MICEX index (MICEX) on the results of today’s trading on the Moscow stock exchange rose by 2.26% to 1868,07 points, and RTS – on 1,04% to 897,56 item.
The MICEX index finished the day at a maximum level since June 2008.
Support to the Russian market on Monday had oil. So, at the opening of today’s trading, the MICEX was down 0.3%, while Brent price fell by 2.3%. However, the sharp reversal of trend in oil prices has pushed Russia’s MICEX and RTS to increase. To date, the cost of futures for oil of mark Brent with delivery in January 2016 on the ICE stock exchange in London rose 1.1% to $45,15 per barrel.
Growth driver could be statements by the government of Saudi Arabia’s readiness to take measures to stabilize the oil market, says expert “BCS Express” Vasiliy Karpunin. The Saudi government is ready to “do everything necessary” to “stabilize the oil market”, according to Bloomberg.
In addition to oil on the Russian stock market is influenced by expectations about changes in monetary policy. Today the American Central Bank will hold a closed meeting, which will discuss the question of raising rates in December. The next fed meeting will take place on 15-16 December. According to a November survey of BofA Merrill Lynch held stock among governors, a rate hike by the fed before the end of 2015 expect around 80% of investors.
“For the Russian market any positive signals about raising interest rates by the fed and further increase in oil prices. If there is a signal of increase, but there will be a rise in price of oil, the market will go down. If will only grow oil, market will go up. We see the opportunity for improvement in the MICEX index to 1898 points, and RTS index – to-911 points, amid expectations the failure of monetary policy by the fed,” – said the Director of analytical Department of the IR “Golden Hills – Kapital AM” Mikhail Krylov.