The stock market is weakly changed, the ruble will remain under pressure

The stock market is weakly changed, the ruble will remain under pressure


Against the ruble, weak oil statistics for the United States, experts say. Expected commencement of trading with a slight deviation on the MICEX index, around 1755.

MOSCOW, 7 Dec. Dmitry Mayorov. The share market of the Russian Federation has a little changed and the ruble will remain under pressure in the early afternoon.

Weak dynamics of oil market remaining at around the lows since August, and the increasing likelihood of a rate hike in the US will put pressure on the Russian currency, experts say.

Forecasts

Expected commencement of trading with a slight deviation on the MICEX index, around 1755, the closest it’s 1730 and 1740, and the resistance will make a mark 1770, 1790-reports, assessed Vitaly Manzhos from the Bank “Education”.

“After the neutral start of trading, the MICEX index will move in consolidation mode near the opening level. This contributes to ambiguous external background to the beginning of the week. In current conditions the nearest point of attraction for the MICEX index acts as a mark of 1750,” Manzhos said.

Against the ruble, weak oil statistics for the United States, praised Ivan Antropov from the Institute of contemporary economy.

“After the data on US labor market increases the probability of tightening monetary policy by the fed on 16 December, which all have long been waiting. Thus, the pair dollar/ruble may open above 68 rubles per dollar and go up, and the Euro/ruble will fluctuate slightly above 73,76 due to the correction of the Euro down against the dollar on the Forex market”, — he added.

External factors

U.S. stocks rose 2.1% on the back of strong data on the labor market in the country.

The unemployment rate in November, unchanged compared with October, remaining at a record low of 5%. The number of jobs in non-agricultural industries increased by 211 thousand. The data confirmed analysts ‘ forecasts for the unemployment rate and exceeded in terms of growth in the number of jobs, the increase of which is expected at 200 thousand.

Stock futures US the morning has changed multidirectional within the limits of 0.05%.

Asia stocks decreased by 0.4 to 2.2%, the Shanghai index fell 1.6% Japan — 2.2%.

The price of oil hovers around 42.7 per dollar per barrel mark Brent. The Euro is 1,0864 1,0868 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 red on the major indexes amid falling oil prices below $ 43 per barrel mark Brent after the OPEC decision. On Friday in Vienna meeting of OPEC. Despite the low prices and the overabundance of raw materials on the market, the organization decided not to change quotas on oil production at 30 million barrels a day, and decided to leave the level of actual production that exceeds the quota by 1.5 million barrels.

The MICEX index to closing has decreased on 1,79% — to 1755,22 points, RTS index — on 1,84% — to 811,72 item.

The dollar calculations “tomorrow” at the end of currency trading Friday increased by 63 kopecks — to 68,14 ruble, Euro — by 21 penny — to 74,06 ruble, follows from the data of the Moscow exchange.