The share market of the Russian Federation and the ruble will remain under pressure from weak oil

The share market of the Russian Federation and the ruble will remain under pressure from weak oil


The price of Brent came close to the lowest level since the end of 2008. An additional incentive for the negative start of trading is an essential drawdown contracts on the MICEX and RTS indexes, analysts say.

MOSCOW, Dec 14. Dmitry Mayorov. The share market of the Russian Federation and the ruble will continue to decline under pressure due to weak dynamics of the oil market.

The price of Brent came close to the lowest level since the end of 2008, below which it was not already in 2004, experts say.

Forecasts

Expected commencement of trading with a decrease to 0.5% on the MICEX index in the range 1710-1715, closest to be the 1700 and 1690, and the resistance will make a mark 1740 and 1750 on the MICEX, rate Vitaly Manzhos from the Bank “Education”.

“In the first minutes of trading, the MICEX index will play a continuing decline in the value of oil futures. An additional incentive for the negative start of trading is an essential drawdown contracts on the MICEX and RTS held on Friday evening. During the day there may be a further decrease of the MICEX index to the level of 1,700,” said Manzhos.

“Against the background of falling oil prices expected update ruble of its local minima. Likely daily range for the dollar – 69,7-71.1 per ruble, the European currency – of 76.6-78.2 per ruble,” — says Vadim Iasub from the company “Alpari”.

External factors

The US stock indices fell by 1,8-2,2% against the continued decline in oil prices. The sharp decline in oil prices adds uncertainty – investors are starting to wonder, will this factor on the fed’s decision about raising the base rate. The session controller will take place this week.

The price of oil hovers around 37.7 per dollar per barrel mark Brent. The Euro is 1,0962 1,0995 of the dollar against the dollar at the previous auction.

The results of the previous auctions on the Russian market

The share market of the Russian Federation on Friday has decreased on the major indexes, reflecting the depreciation of the ruble and update multi-year price lows of oil.

The MICEX index to closing has decreased on 0,73% — to 1720,31 points, RTS index – on 1,97% — to 777,17 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” on the basis of currency trading Monday rose by 1.21 ruble — to 70,36 ruble, Euro — ruble at 1.77 — to 77,40 ruble, follows from the data of the Moscow exchange.