The Russian stock market began the day in a bad mood

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Most world stock markets plunged on Monday. Particularly affected the American market, which fell following the Apple stock due to the reduction of the volume of expected sales. Against this background, the Russian market managed to grow slightly. At the end of the day the ruble Mosberg index gained 0.05%, the dollar-denominated RTS index grew slightly stronger by 0.07%. Among leaders of growth – gold mining company Polyus (+4,31%) and “Yunipro” (+1,39%). The Dow 30 fell thus by 1.56%.
Tuesday morning indexes Asia-Pacific were down 0.4% of-2.1%. Futures on the S&P 500 index was trading in the morning near 2689 points, 0.26% below levels of closing of the previous trading day. Morning drop in oil prices and Asian markets may bring down the opening and the market of the Russian securities. Likely day trading corridor by index Mobimii is within the range of 2350-2400 points, RTS index — 1125-1145 points. Today financial statements under IFRS for the third quarter will publish MTS.
Amid the General negativity on global markets and the weakness of the oil market on the eve of the ruble managed to strengthen. At the end of the day on the Moscow exchange, the dollar calculations “tomorrow” fell to 65,5500 RUB (-43 COP.), and the European currency declined to 75,0900 RUB (-26 COP.). Support for the rouble was rendered by the tax period and a temporary decline in the relevance of new financial sanctions. However, the morning decline in oil prices does not guarantee the continued strengthening of the ruble. Expected daily trading range for dollar is 64,9-66,2 RUB, for the European currency was 74.3-75.8 per RUB.
Tuesday morning the price of black gold continued its moderate decline to the levels of last night, dropping to $66,7 per barrel. Likely daily range for today’s trading, Brent crude oil is $66,0-$67,3 per barrel.
Vadim Iosub,
Senior analyst,