Oil price inspires Russian stocks

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The world’s major stock indexes finished the first day of the new week, month, and quarter in different directions. The Russian indexes decreased slightly, although the index Masuri in early trading managed to update a historical maximum. At the end of the day the ruble Mosberg index lost 0.13%, the dollar-denominated RTS index fell by less, by 0.06%. Among leaders of decrease – “roundabout” (-3%) and “FGC UES” (-2,56%). The Dow 30 increased by 0,73%.
Tuesday morning indexes Asia-Pacific traded mixed. Futures on the S&P 500 index traded in the morning at around 2925 points, 0.17 percent below the closing level of the previous trading day. Rising oil prices and the looming correction in the world markets give contradictory signals before the opening of the Russian stock market, who will start the bidding, most likely neutral. Likely day the corridor index Mosberg is in the range of values 2445-2495 points, RTS index — 1180-1205 points. Publish the statements of Russian issuers are expected today.
On the eve of the ruble due to the absence of negative and the record rise in oil prices continued to recover. At the end of the day on Masuria, the dollar calculations “tomorrow” fell to 65,0000. (-53,5 COP.), and the European currency declined to 75,2000 RUB (-90 COP.). This comes amid the continued decline of the European currency to American. At current oil prices and their reluctance to slow down growth rates today can expect further strengthening of ruble. Expected daily trading range for dollar is 64.4-65,7 RUB, for the European currency — 74,4-76,0 RUB.
On Tuesday morning, after a short decline to $for 84.7 per barrel of black gold, commodity prices quickly returned to $84,9. Likely daily range for today’s trading, Brent crude oil is $84,1-$85.8 per barrel.
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Vadim Iosub,
Senior analyst,
Alpari