The stock market stabilizes, the ruble will remain under pressure oil

The stock market stabilizes, the ruble will remain under pressure oil


The opening of the stock market of Russia is expected in the region 1730-1735 points on the MICEX index. Significant influence on the behaviour of the MICEX index will continue to have changes in oil prices and the exchange rate dynamics of the ruble.

MOSCOW, 29 Dec. Dmitry Mayorov. The share market of the Russian Federation in early trading Tuesday stabilizes around the achieved levels, the ruble will remain under pressure from weak crude oil, which traded near 36.5 USD per barrel of Brent, according to dealers.

The market liquidity decreases, and increases the risk of unexpected jumps of the exchange rate to the possible appearance on the market of relatively large applications, experts say.

Forecasts

The opening of the Russian market of shares is expected in the region 1730-1735 points on the MICEX index, says Oleg Steps from “solid”. In his opinion, this stock indicator with low pre-new year activity of investors is likely to continue fluctuating in the range, developed in recent years.

“With significant influence on the behaviour of the MICEX index will continue to have changes in oil prices and the exchange rate dynamics of the ruble. Will have a negative impact on the MICEX index expected dividend gap (falling prices) of the shares of Norilsk Nickel (the cut-off date for dividends was yesterday)”, he added.

Before the New year the market is illiquid and puncture resistance – strong technical signal to sell the ruble, says Vladislav Antonov from the company “Alpari”.

“If the end of the week the dollar will not be able to return to the level of 70 rubles and euros – to 76,80 ruble, speculators will move to the maximum 80,10 rubles per dollar from December 16, 2014. For the European currency down to $ 83,60 the ruble,” he assesses.

External factors

The US stock indices dropped 0.1-0.2% amid falling oil prices.

At the beginning of the new year’s eve a short week in the markets, there is weak price dynamics and trading volume remains insignificant. Investors don’t seek to open new positions before the beginning of the year.The survey

What will happen to oil prices in 2016?

  • Will collapse to $ 20 per barrel
  • Will remain at around 30-35 dollars
  • Edge up to 45-50 dollars
  • Soar to 90-100 dollars

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