The Russian stock market has lowered the growth rate

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Major world stock indices closed on Thursday differently. The Russian stock market was more fortunate, he steadily grew, experiencing, like many other emerging markets, the euphoria from the recent rather soft fed statement. Against the background of oil prices showed a positive trend and Russian indexes. The ruble-denominated index Mosberg up 0.37%, once again updating the historical maximum. Dollar-denominated RTS index on the background of strengthening of the ruble grew stronger by 1.29%. Among leaders of growth – “RUSAL” (+3,81%) and “Yandex” (+2,55%).
On the morning of Friday, the majority of indexes of Asia-Pacific countries decreased by 0.1-0.4%. The only exception was the Shanghai Composite, which added 0.9 percent. Futures on the S&P 500 index was trading in the morning about 2703 points, 0.05% lower than the closing levels of the previous trading day. Morning moderately lower oil prices and Asian indices set to negative external background before opening the Russian stock market, which can take a pause after the rally of recent days. Likely day the corridor index Mosberg is in the range of values 2495-2545 points, the RTS index is within the boundaries of the 1200-1225 points.
After the shares on Thursday strengthened the ruble. At the end of the day on the Moscow exchange, the dollar calculations “tomorrow” fell to 65,4000 RUB (-10,5 COP.), and the European currency declined to 74,8400 RUB (-39,75 COP.). The difference in the dynamics of the two currencies due to yesterday’s decline in EUR/USD pair c 1,1480 to 1,1445. The CBR reiterated yesterday that he sees no risks for the ruble because the start of the deferred purchases of foreign currency, and, judging by what is happening in the market, this time he’s right.
Adjustment in the oil market may suspend today’s rally in strengthening of the ruble. Expected daily trading range for dollar is 64,7-66,1 RUB, for the European currency — 74,1-75,6 RUB in the Global currency markets will be watching today statistics from the American labour market, including the unemployment rate and the level of new jobs outside agriculture.
The morning of Friday, the black gold traded with a slight decrease to values Thursday evening, close to $60,8 per barrel. 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 at information-analytical center,
Alpari