The RTS and the MICEX finished the day lower amid OPEC decision

The RTS and the MICEX finished the day lower amid OPEC decision

MOSCOW, December 4. The stock indices of the Russian Federation ended the day decrease. So, the MICEX index (MICEX) on the results of today’s trading on the Moscow stock exchange fell by 1.79% to 1755,22 points, and RTS has fallen on 1,84% to 811,72 item.

“On Monday, the MICEX index may fall to 1740 points, and the RTS index – up to 797 points. The pair dollar/ruble may grow in the direction of 70 rubles on the employment data in the U.S., which showed for the increase in rates. Statistical information regarding the number of new jobs they say that in General, against rising prices for oil and other commodities. The Russian economy will not benefit from the tougher course of the U.S. Federal reserve, the likelihood of which increases after the next publication of American labor”, – said the Director of analytical Department IK “Golden Hills – Kapital AM” Mikhail Krylov.

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© Sergey Konkov/TASS

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“The last day of the trading week on the Russian market differed with increased volatility. Investors ‘ attention on Friday was focused on two events: data on the labor market in the U.S. in November and the results of the OPEC meeting,” – adds the expert of “BCS Express” Ivan Kopeikin. According to him, the pending decisions of OPEC meeting made pretty nervous bidders.

The organization of countries – exporters of oil (OPEC) in the 168 th meeting on Friday raised the quota for oil extraction by 1.5 million barrels per day to 31.5 million barrels per day, Bloomberg reported with reference to the OPEC delegate. Thus, according to the delegate, to increase the limit on oil production in the amount of 31.5 million barrels per day is not included mining Indonesia. At the previous OPEC meeting, which was held in June, the members of the cartel decided to keep production quotas oil unchanged at 30 million barrels per day, despite a sharp drop in world oil prices. The price of Brent crude fell 1.7% to 43.1 $ /bbl, after rising 1.5% before the OPEC decision.