Russian stock market completed a short week of uncertainty
The world’s major stock markets were closed on Thursday differently. Against this background, different behaved and Russian indexes. At the end of the day the ruble Mosberg index has added 0,62%, the dollar-denominated RTS index on the background of a significant fall of the ruble against the dollar fell by 0.83%. Among leaders of growth – “Safmar” (+3,71%) and MTS (+2,69%). Among leaders of decrease “RUSAL” (-1,68%) and “Rosneft” (of -1.29%). The Dow 30 fell thus 0.46%. On the morning of Friday the indices of the Asia Pacific traded mixed. Futures on the S&P 500 index was trading in the morning about of 2,924 p., 0.22% higher levels of closing of the previous trading day.
Morning external factors were not given clear guidelines before the opening of the Russian stock market, which, apparently, will start the bidding neutral. Likely day the corridor index Mosberg is in the range of values 2550-2600 points, RTS index — in the range 1225-1250 points.
On Thursday, oil prices experienced a significant drop.
Bidding started at $71,8 per barrel of Brent, and after symbolic growth to $72, went to decrease. Yesterday in the second half of the day the price broke the support levels at $70,5 $70,4, and dropped to $69,5 – the lowest since April 5. By the end of the day the price recovered slightly to $70.2 percent. What is happening may be due to the fact that market participants chose to play information on growth of stocks of crude oil in the United States, published on Wednesday.
This morning the oil quotes declined slightly, trading near $70,1. Likely daily range for today’s trading, Brent crude $69,4-$70,8 per barrel. The medium range which is defined by the closest significant levels of support and resistance, after yesterday’s breakout of the number of supports has expanded to $65,9-$74,7. Today, oilfield services company Baker Hughes will publish a report on active oil platforms in the United States. A week earlier, their number decreased by 20 units, that is, to 805.
Due to falling oil prices the ruble yesterday, was under severe pressure. At the end of the day on Masuria, the dollar calculations “tomorrow” rose to 65,4375 RUB (+81,5 COP.), and the European currency has grown to RUB 73,1200 (+60,75 COP.). Suspended drop of oil will allow the ruble to interrupt its decline during the trading session today he may win back yesterday’s losses. The expected daily range for the dollar is 64.8-66.1 per cent RUB, for the European currency will trade within and 72.4 73.9 per RUB.
Vadim Iosub, Senior analyst at information-analytical center,