Moscow exchange indices fell after the fed’s rate hike

Trading on the Moscow stock exchange 15 December 2016 opened the fall of the major stock indexes. The minimum value in dollars, the RTS index fell to the level of 1124,08 points, which is 2.16% below the closing level of the previous trading session. Rouble MICEX index lost more than 1%, falling to 2205,8 points.

The fall of the Moscow exchange indices occurred against the background passed by the leadership of the Federal reserve system (the fed) decision to raise the key rate by 25 basis points, to 0.5–0.75 percent.

“Today probably marked decline in Russian stocks. We expect the fall of the RTS index by 2% at the beginning of the session,” predicted before the start of the trading day, the analyst of “URALSIB” Konstantin Chernyshev.

According to experts, the markets were influenced not so much the first year for the increase in the discount rate of the Federal reserve, as the forecast of its head Janet Yellen that the fed is in 2017 * increase to twice, but three times. Sharper the trajectory of the rate increase involves a corresponding increase in the yields in the debt market.

“We expect the market to open with a significant decrease of about 0.7% on the MICEX, near the 2215 points. We encourage you to reach 2200, 2190. As important resistance level will act 2230, 2240 points. Later it is possible to further slide for the MICEX index in the area of 2200 points. In the second half of the day, the most relevant point of reference for participants in the local trading will once again be the nature of changes in the value of oil futures”, — believes senior analyst of the Bank “Education” Vitaliy mangos.

Currency trading on the Moscow stock exchange on 15 December opened under the sign of strengthening of the ruble. The dollar fell to a minimum 61,4875 rubles (0,98% below the closing level of the previous trades), the Euro — to 64,4475 RUB (-1,25%).

By 10:40 Moscow time the index of MICEX reached 2209,92 points, RTS index — 1131,2 points. The dollar on the Moscow stock exchange by this time was of 61.56 Euro — 65,2 RUB.