The stock market and the ruble in the beginning of the day will be under pressure of oil prices

The stock market and the ruble in the beginning of the day will be under pressure of oil prices


Bids will be opened by the growth of dollar and Euro against the ruble on the background of the continuing fall in oil prices, the stock market will also feel the pressure of the weak dynamics of the oil market, analysts say.

MOSCOW, 21 Dec. Dmitry Mayorov. The share market of the Russian Federation and the ruble will remain under pressure due to weak dynamics of the oil market, say dealers.

Update “black gold” – the lowest level since 2004 — below 36,2 USD per barrel of Brent — will put pressure on the quotations of Russian assets.

Forecasts

Expected commencement of trading with a slight deviation on the MICEX index, around 1720, the closest to be the 1700 and 1710, and as the resistance will make a mark 1740 and 1750 on the MICEX, rate Vitaly Manzhos from the Bank “Education”.

“Probably after the neutral start of trading, the MICEX index will move in consolidation mode in anticipation of the opening of Western markets. Mixed external background yet does not contribute to directional movement of the Russian indexes. In connection with falling futures of “black gold” to count on a significant corrective bounce to Friday’s fall yet,” said Manzhos.

Bids will be opened the rise in the dollar and the Euro to ruble rate Vladislav Antonov from the company “Alpari”.

“Despite the fact that exporters already sell the currency for tax payments, high probability of the rise of the dollar to 71,60-of 71.70 ruble. A pair of Euro/ruble are forecast to increase to 77,80”, he added.

External factors

U.S. stocks dropped 1.6-2.1 percent amid continuing drop in oil prices and investors ‘ assessments of the possible consequences of an increase in base rates by the Fed.

Stock futures USA with the morning increased by 0,4-0,5%. Asia stocks changed directions, Shanghai grew by 2%, Japan was down 0.4%.

The price of oil hovers around 36.3 dollar per barrel mark Brent. The Euro is 1,0874 1,0883 of the dollar against the dollar at the previous auction.

The results of the previous auctions on the Russian market

The shares on Friday lost more than 3% on the basic indexes on a background of downward correction of the global market.

The MICEX index to closing has decreased by 3,47% — to 1719,16 points, RTS index – on 3,33% to 765,73 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” at the end of currency trading Friday fell by 23 kopecks to 70,96 ruble, the Euro rose by 19 cents to 77,11 ruble, follows from the data of the Moscow exchange.

The value of the currency basket (0.55 dollars and 0.45 euros) decreased by 3 kopecks in comparison with the previous closing and amounted 73,72 ruble.