MOSCOW, November 19. The dollar against the ruble on the Moscow stock exchange at the opening of trading on Thursday declined compared with the previous closing level of trading on two kopecks and amounted 64,73 ruble.
Russian stock indices at the Moscow stock exchange continue to increase in the previous three trading sessions: the MICEX index (MICEX) gained in the morning by 1.14% to 1831,51 point, rising to the highest level since February. The previous high was set March at around 1825,74 of the item and on the background of rising oil MICEX and overcame it.
Since the beginning of the week the rouble index of the Russian stock market jumped by 6%.
© Sergey Konkov/TASS
The ruble is falling and growth
In addition, the RTS index rose 1.7% to 891,44 points, after rising since the beginning of the week already 9.4%.
In early trading can continue to improve amid easing concerns about monetary policy of the fed, says a leading analyst of investment group “OLMA” Anton Startsev. “As of yesterday the transcript of the meeting of the Federal open market Committee, increased the base interest rate will be “gradual”. Meanwhile, the technical analysis indicate the possibility of suspension growth near 200-day moving average for the RTS index – about 900 points” – says the expert.
Oil supports the growth of the Russian market. However, the price of Brent is not leaving the formed range of $43-45 per barrel. The cost of futures for oil of mark Brent with delivery in January 2016 on the ICE stock exchange in London rose by 0.77% to $44,48 per barrel.
“While the price of a barrel of Brent is below $46-47, there is a chance the updates of the August lows. In the current situation is one of the key milestones. If the price returns above $46-47, we then enter into force speculative and technical factors, which favorable background can even return Brent to $52-54”, – believes the expert of “BCS Express” Vasiliy Karpunin.