Stock markets around the world are growing but the Russian stock market against

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Most of the world’s major stock indices on Wednesday continued its growth. Against this background, Russian indices behaved contradictory. At the end of the day the ruble Mosberg index lost 0.31 percent, but the dollar-denominated RTS index on the background of strengthening of the ruble against the dollar rose 0.44%. Among leaders of growth – actions “Inter” (+3,91%) and “Gazprom” (+3,13%). Among leaders of decrease – LUKOIL (-3,63%) and RUSAL (-2,35%). The Dow 30 increased by 0,45%. Thursday morning the majority of indexes of Asia-Pacific countries increased by 0.1-0.6 percent. The exception was Japan’s Nikkei 225, which lost about 0.7%. Futures on the S&P 500 index was trading in the morning about 2843 p., 0.4% below the closing levels of the previous trading day.
Morning a slight increase in oil prices with a simultaneous recovery of the Asian markets set moderately favorable external background before opening the Russian stock market. Likely day the corridor index Mosberg is in the range of values 2530-2580 points, RTS index — 1235-1260 points. Today, the financial statements for the first quarter will be published Cherkizovo, Qiwi, “FosAgro” and “inter RAO”.
On Wednesday oil prices continued to recover positions lost during the fall on Monday. Bidding started close to $70.2 per barrel for Brent crude in the first half of the day the price dropped to $69,9, followed by a rise to $71,6, and the day ended close to $71,3. The energy information administration of the USA reported increases in oil reserves for the week by 5.4 million barrels instead of the experts expected a decline of 0.8 million barrels, but this did not prevent price growth.
Morning Thursday quotes of the black gold were slightly above the levels of the end of the day, close to $71,5. Likely daily range for today’s trading, Brent crude is $70,7-72,0 per barrel. The medium range which is defined by the closest significant support levels and resistance remains between $69,0-72,0. In the case of possible breaking resistance at $72,0, open the way for growth to $74,7 per barrel.
In yesterday’s trading, the ruble continued its steady growth, and returned at the end of April. The main driver was the expectation of new auctions on placement of OFZ. However, he ignored new conversations about old American financial sanctions. At the end of the day on Masuria, the dollar calculations “tomorrow” fell to 64,6500 RUB (-32 COP), and the European currency declined to 72,4475 RUB (-30,25 COP.). Today, the ruble may continue amid rising oil prices. Expected daily trading range for dollar is 64,0-65,3 rubles, for European currency it is in the range of 71.7-73.2 per RUB.
Vadim Iosub,
Senior analyst,
“Information-analytical center “Alpari”