A weak ruble and rising oil prices are pushing the Russian market up at opening

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The strengthening of the ruble lasted not for long: today, the Russian currency again, dropping against the dollar and the Euro. An important event for the ruble will happen tonight at 21:30 GMT, the U.S. Senate will hold a third round of hearings on the issue of sanctions to the Russian Federation. This factor will put pressure on the Russian currency during the day. The current trading corridor on Wednesday for the pair dollar/ruble is 69,0-70,5 RUB, EUR/RUB – 80,0-81,5 RUB.
A weak ruble and rising oil continue to push the Russian stock market is up. Index Mosberg today opened with a gap up to 0.5%. Noteworthy is the continuing rise of shares of “Gazprom”, updated the max for a year and a half, in the next few days, their growth may accelerate. The current trading corridor for the index Masuri on Wednesday is 2340-2360 points, RTS index – 1055-1065 points
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Roman Tkachuk,
Senior analyst,
Alpari