The ruble strengthened after oil

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On Tuesday world stock indices closed mixed, European, predominantly grown, and the us, by contrast, declined. Against this background, a slight decrease was demonstrated and the Russian indexes. At the end of the day the ruble Mosberg index lost 0.11 percent, the dollar-denominated RTS index has decreased slightly more, by 0.16%. Among leaders of decrease – RussNeft (-3,67%) and gold mining company “Polyus” (-3,01%). The Dow 30 down for the day by 0.22%.
In the morning of Wednesday the indices of the Asia Pacific together have grown on 0,2%-2,3%. Futures on the S&P 500 index was trading in the morning about 2656 points, 0.9 percent above the level of the previous day’s close. Morning strong growth Asian markets and oil prices create a very favorable external background before opening the Russian stock market, which we expect to see growth. Likely day the corridor index Mosberg is in the range of values 2370-2420 points, RTS index — 1125-1145 points. Publications and statements of Russian issuers are expected today.
After the oil is on Tuesday strengthened the ruble. At the end of the day on Masuria, the dollar calculations “tomorrow” fell to 66,3525 RUB (-29 COP.), and the European currency declined to 75,1500 RUB (-51,75 COP.). A more rapid drop of the Euro due to yesterday’s decline in EUR/USD currency pair with 1,1355 to of 1.1315. This morning the rising oil prices will contribute to further moderate strengthening of the ruble. Expected daily trading range for the U.S. dollar account for 65.7-67,0 RUB, for the European currency — 74,4-75,9 RUB.
The auction environment began for the black gold gap up at $60,8 per barrel, and then passed quietly in the hallway $60,7-$61,0. Likely daily range for today’s trading, Brent crude oil is $60.2 to$61,4 per barrel.
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Vadim Iosub,
Senior analyst,
Alpari