The Russian stock market will open with increase in the area 1710-1715 points on the MICEX index, analysts expect. External background before the opening of trading in Russia can be assessed as mixed.
MOSCOW, Dec 15. Elena Likova. The share market of the Russian Federation and the Russian ruble on Tuesday will be strengthened amid the rebound of oil prices mark Brent to 38 dollars per barrel, analysts say.
In their opinion, the external background before the opening of trading in Russia can be assessed as mixed global markets are awaiting the decision of the US fed rate.
Forecasts
Tuesday in early trading may be suspended for the decline is the speculative sales may decline in anticipation of the two-day meeting of the Federal open market Committee of the U.S. Federal reserve, according to a leading analyst of investment “OLMA” Anton Startsev.
The opening of the Russian stock market is expected to increase in the area 1710-1715 points on the MICEX index, predicts Oleg Steps from “solid”. He suggests that the Russian equity market may try to recover some of the incurred in the final days of losses.
“This trading session will likely to be volatile in nature due to contract expiration the futures market, and the core drivers of the dynamics of MICEX and RTS will be changes in oil prices and the exchange rate dynamics of the ruble,” comments the Steps.
It is expected the opening of the market with a moderate increase of about 0.3% on the MICEX index, at the rate of 1715 points, said Vitaly Manzhos from the Bank “Education”. As you can see, it’s 1700 and 1690 points, as the resistance will make a mark 1730 and 1740 points, he adds.
“In the first minutes of trading, the MICEX index will play the evening of the sentiment in the oil market, side effect of which was a marked improvement in futures on Russian stocks. Later there may be an attempt of recovery of the MICEX index in the region 1720 – 1730 points,” commented Manzhos.
On the currency market also possible some period of lull before the fed meeting, with consolidation in the range of 70-71 on the pair dollar-ruble, believes the Elders.
Target on Tuesday for the U.S. dollar – 69,75 of the ruble, the European currency – 76,54 of the ruble, says Vladislav Antonov from Alpari.
External factors
American stock markets on Monday closed slightly up amid weak growth in oil prices. The Dow Jones industrial average climbed 0.6% to 17368,50 item index of technology companies NASDAQ by 0.38% to 4952,23 points, the index of wide market S&P 500 by 0.48% to 2021,94 item.
Stock futures US the morning have grown on 0,05-0,09%. Asia stocks decline on most indexes 0.07 to 1.68%.
The price of oil hovers around $ 38 per barrel mark Brent. The Euro is 1,1029 1,0985 of the dollar against the dollar at the previous auction.
The results of the previous auctions on the Russian market
The shares on Monday closed in red zone on the major indexes amid falling oil prices day mark Brent below $ 37 per barrel and the ruble weakening.
The MICEX index to closing has decreased on 0,67% — to 1708,7 points, the RTS index – 2.07% — to 761,08 item.
The dollar calculations “tomorrow” at the end of the previous currency trading rose 19 cents to 70,56 of the ruble, the Euro rose by 16 cents to the ruble 77,56.
