Magnet pulled up the Russian market, the ruble is waiting for the meeting of the Central Bank of the Russian Federation

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The Russian stock market Thursday ends with a small increase. Index Mosberg stabilized in the hallway 2260-2295 items, but up to 2300 points of forces to reach out to investors is not enough. This same trading range would be relevant for the first half of the day on Friday. The RTS index is still not back above the psychologically important level of 1150 points, but even under condition of preservation on the external market neutral currency indicator will be able to overcome this threshold.
Hero of the day among blue chips today “Magnit”, which is several weeks fell, as knocked down, and after a rather ambiguous statements its shares rose sharply. However, the papers once again managed to bounce off a significant line of support at the level of 4000 rubles, and now the stock is a wonderful opportunity to break above the 4300 RUB. This is good news for holders of papers “the Magnet” – the lack of a sharp deterioration in the company will allow the stock a little expensive.
On Friday, investors ‘ attention will be focused on the meeting of the Central Bank of the Russian Federation and its decision on the key rate. There is reason to believe that the indicator will remain unchanged at 7.25 per cent per annum because the inflation component and the overall economic situation is not currently the most prosperous and returned with the bid. The reaction of the ruble will directly depend on what you will hear in the accompanying review of the regulator.
The U.S. dollar, yet feels good in the hallway 62,50-63,50 RUB so far none of the existing negative factors – the outflow of capital from the secondary market OFZ, high oil volatility, the disputed and obscure points in geopolitics – has not helped grinbek advance to 64,0 rubles. above. Meanwhile, in the medium term, this probability remains quite high. Pair of Euro/ruble will hold Friday within 73,30-74,35 RUB.
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Anna Bodrova,
Senior analyst,
Alpari