Analysts predict that the currency market will open with growth of dollar and Euro neutral dynamics.
MOSCOW, November 23.Prime, Elena Likova. The stock market will open neutrally Russia, the ruble can decline against the dollar and bargain neutrally against the Euro amid falling of the European currency on the world market, analysts say.
However, falling oil quotations of mark Brent will put pressure on the Russian currency, experts say.
Before the opening of the Russian stock market external background is moderately negative, Asian indices are showing mixed progress, but fall in the morning the oil is able to exert pressure on him, said Vadzim Iasub of “Alpari”. Expected daily range for the MICEX index — 1800-1840 points, he adds.
The opening of stock trading in Russia will be held near current levels, however, in the future, a transition to growth, due to the persistence of sentiment on the U.S. market, says Ilya Frolov from PSB.
The opening of the Russian share market on Monday is expected in the region of its closure last week, (about 1826 points on the MICEX index), says Oleg Steps from “solid”. The MICEX index closed the last week at a maximum level as at the end of the trading session over the past nine months, he adds.
“It is a sign of continuing in the MICEX index rising trend, and impediment of its development is now the resistance area located near its annual maximum (1848). While support for the MICEX index at this point is the area located just below the psychological level of 1800 points,” — says the analyst.
Due to the decreasing oil on one side and mutual dynamics of the European currency and the US dollar with another currency market opens, most likely, the rise in the dollar and Euro neutral dynamics, considers Iasub of “Alpari”. Daily range for the dollar amounts is 64.3-65.6 ruble, the European currency — 68,7-70.0 ruble, he predicts.
U.S. stock indexes rose on Friday on the background of corporate news.
The Dow Jones industrial average rose 0.51% to 17823,81 point, high-tech NASDAQ — on 0,62%, to 17823,81 points, the index of wide market S&P 500 — by 0.38% to 2089,17 item.
Stock futures USA with the morning increased in the range of 0,06-0,08%. Asia stocks traded mixed: Japanese Nikkei 225 rising by 0.1%, the Australian S&P/ASX 200 — 0.39%, Hong Kong Hang Seng declining by 0.47%, the Shanghai SSE Composite — on 0,37%, the Singapore Straits Times index — 0.22%.
The price of oil hovers around 43,79 dollars per barrel mark Brent (minus 1,43% compared to the previous fixing). The Euro is 1,0618 1,0638 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 Friday closed in the green zone on the main indexes after the growing up of the Brent barrel.
The MICEX index to closing has grown on 0,86% — to 1826,72 points, RTS index — on 0,51% — to 888,36 item.
The dollar calculations “tomorrow” at the end of currency trading Friday rose 13 cents to 64,75 ruble, the Euro fell by 41 penny to 68,94 ruble.