MOSCOW, March 15. 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 exchange fell 0.55% to 1855,06 points, and RTS – on 1,07% to 821,64 item.
Experts: U.S. fed keeping rates at the meeting on 16 March
The cost of futures for oil of mark Brent with delivery in may, in the course of trading on the exchange ICE in London fell by 2.6% to $38.5/bbl. “At lower oil prices to us $38,2 per barrel, the dollar/ruble is likely to rise to 72.2 RUB and EUR/RUB 80 to RUB the Drop of oil prices by another 1.55 per cent lower, the MICEX index in the area is 1843 points, which is half the growth from a low of 25 February to the 7 March high, and the RTS index – up to 805 points,” predicts the Director of the analytical Department of the IR “Golden Hills – Kapital AM” Mikhail Krylov.
Wednesday’s trading activity may be reduced in anticipation of the publication of decision FRS the USA under the rate. “Although inflation is still low, its acceleration in recent times can testify in favor of the fed is set to gradually raise interest rates,” – said the expert of “BCS Express” Oksana Kholodenko.
According to the consensus forecast Bloomberg, only 4 out of 97 surveyed economists expect a rate hike at the March meeting, the fed up to 0,5-0,75%. All other experts are convinced that the fed’s March 16, keeping rates at the current range. At the same time, the implied probability of a rate hike at the meeting on June 14-15, based on the futures rate Federal funds rate is 51.8 per cent. For comparison, in March this probability index is at 4%.