The ruble strengthened after the stock market

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At the end of Thursday oil futures moderately declined. Bidding started at $60.1 per barrel for Brent. Afternoon course rose to $60,5, where he turned and dropped to the evening to $59,1, but the dollar recovered to $59,5. On the morning of Wednesday the trades were in the range of $59,4-59,8 per barrel. Probable trading range for the remainder of the day for Brent crude is $59,1-a 60.3 per barrel.
The medium range which is defined by the closest significant support levels and the resistance decreased to $57.4-61,0. Today a report oilfield services company Baker Hughes active oil platforms in the United States. Recall that a week earlier the number had risen to six units of up to 770 units.
On Thursday, the main Western indices closed mixed. Most European markets declined, and the us managed to grow moderately. On such a controversial background increased slightly and the Russian market. The ruble-denominated index Mosberg gained a modest 0.04 percent, dollar-denominated RTS index on the background of strengthening of the ruble grew slightly stronger by 0.19%. Among leaders of growth – “Norilsk Nickel” (+2.25%) and Sistema (+2.1 percent).
Dow 30 increased by 0.19%. On the morning of Friday the index of Asia-Pacific countries together have grown on 0,2-0,5%. Futures on the S&P 500 index was trading near its 2 in the morning 934 p., 0.4% above the closing level of the previous trading day. The growth of the Asian indexes and oil prices asked in the morning moderately favorable external background before opening the Russian stock market. Likely day the corridor index Mosberg is in the range of values 2650-2700 points, the RTS index — 1270-1295 points. Today “Mobilia” will publish financial statements under IFRS for the second quarter, and “Raspadskaya” in the first half.
Following the stock market on Thursday strengthened the ruble. At the end of the day on Masuria, the dollar fell to 65,6000 roubles (-15 kopeks), and the European currency declined to 72,6800 RUB (-24,75 COP.). Morning moderate growth of oil prices could contribute to further strengthening of the ruble. The expected daily range for the dollar is 64,9-66,3 rubles, for European currency — 72,0-73,4 RUB.
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Vadim Iosub,
Senior analyst,
“Information-analytical center “Alpari”