Prediction: the stock market and the ruble strengthened after oil prices

Prediction: the stock market and the ruble strengthened after oil prices


Against the background of growing oil with the opening of the Russian market, a slight strengthening of the ruble relative to the dollar, according to Ivan Antropov from the Institute of contemporary economy. The opening of the market with a moderate increase on the MICEX index, believes Vitaly Manzhos from the Bank “Education”.

MOSCOW, 22 Dec. Elena Likova. The share market of the Russian Federation and the ruble on Tuesday strengthened against the background of increasing oil prices on the Brent mark, analysts say.

In their opinion, the external background before the opening of trading in Russia are neutral.

Forecasts

At the moment traded at the level of 36.6 dollars. Against the background of growing oil with the opening of the Russian market, a slight strengthening of the ruble against the dollar and, judging by the lack of dynamics of the Euro/dollar, the Euro, says Ivan Antropov from the Institute of contemporary economy.

It is expected the opening of the market with a moderate increase on the MICEX index in the range 1720-1725 points, believes Vitaly Manzhos from the Bank “Education”. The closest it’s been 1710, 1700 points, as resistances will again mark 1740, 1750 points, he adds.

“Probably, after a moderately positive start of trading we will see attempts to further increase of the MICEX index in the region of 1730-1740 points. This morning contributes to improvement of the foreign background,” notes the analyst.

In the afternoon a significant impact on the course of trading may provide some meaningful statistical indicators in the United States, said Manzhos. The most important signal will be the publication of the assessment of U.S. GDP for the third quarter (16.30 GMT), he adds.

External factors

Exchange-traded European stocks ended Monday in the red amid mixed results of the elections to the Spanish Parliament and the drop in oil prices to the lowest level in 11 years.

At the end of trading the British FTSE 100 fell 0.29% to 6034,84 points, German DAX 30 — on 1,04%, to 10497,77 points, French CAC 40 — by 1.3%, to 4565,17 item. Stock futures USA with the morning grew on 0,18-0,23%. Asia stocks traded mixed most of the indices, the Shanghai index SSE Composite declining 0.09%.

The price of oil hovers around 36,44 dollars per barrel mark Brent. The Euro is 1,0914 1,0920 of the dollar against the dollar at the close of the previous trading session.

The results of the previous auctions on the Russian market

The share market of the Russian Federation on Monday has decreased on the major indexes after the ruble and oil, falling in the area of 36 dollars per barrel mark Brent.

The MICEX index to closing has decreased on 0,13% — to 1719,163 points, RTS — on 0,88% — to 765,73 item.

The dollar calculations “tomorrow” at the end of the previous currency trading rose by 28 cents to 71,23 of the ruble, the Euro grew by 71 kopecks to the ruble 77,82.