MOSCOW, January 11. The dollar against the ruble on the Moscow stock exchange at the opening of trading on Monday increased in comparison with level of closing of previous trading session by 1.55 rubles and amounted to 76,31 rubles, exceeding the mark of 76 rubles for the first time since December 16, 2014.
The Euro soared to 3.35% 83,97 RUB marks
The price of Brent crude oil fell below $33 a barrel
The Russian market reacts to a sharp drop in prices of oil during the Christmas holidays. So, from the beginning of 2016 Brent price fell by 12.5%.
On Monday, the price of futures for oil of mark Brent with delivery in February 2016 on the stock exchange ICE in London fell 3.07% to 32,52 dollars per barrel.
In the current situation it is the mark of 32 dollars/Barr is an intermediate support, which can act as a fulcrum, says expert “BCS Express” Vasiliy Karpunin. “If that threshold is passed, the more you can count on a puncture mark us $ 30/bbl,” predicts the expert.
Last week Brent quotes beyond the sideways consolidation, falling below $ 36/bbl., and then there was an acceleration of sales. Then crude oil prices have put additional pressure the solution of the state company of Saudi Arabia Saudi Aramco to increase discounts on the basic grades of oil for consumers from Europe.
Pressure on the exchange rate
The ruble-denominated MICEX index (MICEX) in the course of trading on the Moscow stock exchange lost 2,98% to 1696,49 points, dropping below $ 1,700 points for the first time in October 2015.
Dollar-denominated RTS index fell 4.77% to of 701.8 points.
Ulyukayev: oil prices will rise to $50 in the second half of 2016.
Monday will probably continue to decline on the RTS under the pressure of external background, says a leading analyst of investment group “OLMA” Anton Startsev.
“On Thursday and Friday, trading on the Moscow stock exchange was not carried out, while in the world markets continued the process of reducing “demand for risk”. The result was a divergence in the dynamics of the Russian stock indices and external indicators. So, for the first trading week of the year the RTS index lost less than 3%, while prices for Brent oil fell by about 12%, the us stock index S&P 500 down almost 6%, Chinese CSI 300 – on 12%. The deterioration in the external background puts pressure on the ruble,” – explains the behavior of the market Anton Startsev.