The Russian stock market in search of reasons for even greater growth

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Major world stock indices closed on Thursday differently. European predominantly even decreased, and the us continued a second day of recovery. On this mixed background has increased, and Russian indexes. At the end of the day the ruble Mosberg index added 0.82 percent, dollar-denominated RTS index rose less by 0.33%. Among leaders of growth – “RUSAL” (+2,99%) and “Yandex” (+2,62%). The Dow 30 increased by 1.14 percent.
Friday morning most of the indices of the Asia-Pacific region grew by 0.2% and 1.0%. The exception was Japan’s Nikkei 225, which lost 0.7 percent.
Futures on the S&P 500 index was trading in the morning about 2501 point, 0.24% above levels of closing of the previous trading day. Growing Asian markets with stable prices of oil set moderately positive external background before opening the Russian stock market, which in the morning can keep growing. Likely day the corridor index Mosberg is in the range of values 2305-2350 points, RTS index — 1045-1070 points. Publications and statements of Russian issuers are expected today.
And the ruble, in contrast to the stock before it declined, and continued to update the lows from September. At the end of the day on the Moscow exchange, the dollar calculations “tomorrow” rose to 69,56000 RUB (+86,5 COP.), and the European currency has grown to RUB 79,5400 (+153,75 COP.). The European currency has grown increasingly due to the growth of the currency pair EUR/USD to 1,1430 of 1.1350. Morning due to the stability of the oil market trading in the ruble today will open near yesterday’s closing values. Expected daily trading range for USD 68.9-70,3 RUB, for the European currency was 78.7 80.3 per RUB.
Friday morning after rising to $54,4 for barrel, quotations of black gold has returned to to $53.7 per barrel. Likely daily range for today’s trading, Brent crude oil is $53,1-$54,2 per barrel.
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Vadim Iosub,
Senior analyst,
Alpari