Indexes MICEX and RTS decreased, the price of Brent crude is back above $34 per barrel

MOSCOW, February 3. The stock indices of the Russian Federation ended the day decrease. So, the MICEX index (MICEX) on the results of today’s trading on the Moscow stock exchange fell by 0.68% to 1746,35 points, and RTS – on 0,61% to 696,96 item.

Russian shares fell despite the rise in oil prices. The cost of futures for oil of mark Brent with delivery in April 2016 on the ICE stock exchange in London increased by 4.6% to $34.2 per barrel.

In the last few days on the Russian stock market has been leaving the scope of consolidation phase, says expert “BCS Express” Vasiliy Karpunin. “Reaching the field of 1780-1790, the MICEX index halted its ascent and began to hang out within the new side of the corridor”, – the expert believes.

“Against the backdrop of disinflation in consumer prices in Russia to 9.7% in the year and uncertainty around the fed’s policy following the positive forecast ADP employment in the U.S. will push the MICEX index to 1799 points, and the RTS index – to 752,2 item”, – predicts the Director of the analytical Department of the IR “Golden Hills – Kapital AM” Mikhail Krylov.