The Russian stock market benchmarks continues to fall

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Major world trading floors were closed on Tuesday in different directions. Against this background, the Russian market continued to decline. At the end of the day the ruble Mosberg index lost 0.91 percent, the dollar-denominated RTS index fell by slightly less, by 0.81%. Among leaders of decrease – LUKOIL (-2,34%) and “Tatneft” (-2,33%). The Dow 30 increased by 0.46% and reached historical highs.
Asia Pacific indices traded on Wednesday morning in different directions. Futures on the S&P 500 index moved in the morning around 2933 points, 0.15% above the closing level of the previous trading day. External factors do not give clear guidance before the opening of the Russian stock market, who will start the bidding, most likely, near yesterday’s closing levels. Likely day the corridor index Mosberg is in the range of values 2425-2475 points, RTS index — 1170-1195 points. Publish the statements of Russian issuers are expected today.
After the oil market and stocks stopped growing and the ruble. At the end of the day on Masuria, the dollar calculations “tomorrow” rose to 65,5000 RUB (+50 COP.), and the European currency has grown to RUB 75,6200 (+42 kopecks). However, the market reduced uncertainty and restored correlation of the ruble with oil prices. You can argue how good or bad, but the fact is that the market becomes more predictable. Today support to rouble can render the return of the Ministry of Finance on the domestic borrowing market, which has been put on pause since the end of August. Morning moderate recovery of oil prices, also you can record in the asset. Expected daily trading range for dollar is 64.8-66,2 RUB, for the European currency — 74,9-76,4 RUB.
Morning environment black gold very moderately grew to $for 84.7 per barrel. Likely daily range for today’s trading, Brent crude oil is $83,9-$85,3 per barrel.
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Vadim Iosub,
Senior analyst,
Alpari