Moscow. December 18. The shares opened on Friday by the reduction of prices of blue chips amid deteriorating external conditions stock due to profit taking by players after growth on the decisions of the US Federal reserve to raise rates, indexes MICEX and RTS per minute bidding lost 0.6-1%.
By 10:01 Moscow time, the MICEX index amounted to 1769,98 points (-0,6%), the RTS index – 784,5 points (-1%), ruble prices of most blue chips on the Moscow exchange fell in the range of 1.2%. The dollar at the start of the session rose to 71,38 rubles, which is 0.2 of the ruble higher closing Thursday and 0.57 ruble above the level of 18:50 GMT.
The ruble decreased the rate of VTB shares (-0,4%), Gazprom (-0,9%), LUKOIL (-0,7%), Magnit (-0,5%), “Mobile TeleSystems” (-1%), NOVATEK (-0,3%), Norilsk Nickel (-0,7%), “Polyus Gold” (-0,7%), Rosneft (-0.4 per cent), “Rostelecom” (-1%), Sberbank (-0,8% -1,2% “prefs”), “Surgutneftegaz” (-0,5%), “Tatneft” (-0,9%), “FGC UES” (-0,1%).
In U.S. indexes yesterday fell to 1.4-1.5 percent on Friday in Asia report the mixed dynamics (fell in Japan, China grew up), minus U.S. stock futures (contract on the S&P 500 index dipped by 0.3%) and stabilized oil.
The Japanese stock market declined on the outcome of the BOJ meeting, although the first reaction was positive. Support to the Chinese market have provided data on the growth of housing prices in China, triggered the rise of share prices of development companies, reports Bloomberg.
The Bank of Japan kept unchanged the targets of monetary policy. At the same time, the Central Bank, expressing confidence in the sustainability of the economy, announced his intention to increase the average term to maturity of government bonds in its portfolio to 7 to 12 years and to expand the portfolio through ETFs. The annual volume of new purchases ETF will amount to 300 billion yen ($2.5 billion), said the Japanese Central Bank.
The rise in the fed rate investors adopted the view that the U.S. economy is strong enough to cope with the tightening policy of the Central Bank. However, the decline in commodity markets has reinforced concerns about the Outlook for the global economy, experts say.
The weak Brent oil rises in price on Friday, as WTI continues to fall amid rising energy reserves in the U.S., as well as interest rate hike by the fed. Futures for Brent oil for February is worth $37,09 per barrel (+0.1% and -0,9% yesterday), the price of WTI is $36,13 per barrel (-0.4 per cent).