The Russian stock market inspired by the postponement of the us sanctions

  • And
  • +A

The world’s major stock indexes finished Wednesday at a noticeable disadvantage. Despite this, the Russian market closed in positive territory, supported by its growing oil prices and the ruble. In favor of the “bulls” went and the information about the postponement of possible financial sanctions until at least next year. The ruble-denominated index Mosberg increased 0.15% dollar-denominated RTS index on the background of falling dollar has grown much stronger by 1.56%. Among the leaders of decline, “Aeroflot” (+6,06%) and shares the “Masuri” (+4,98). The Dow 30 fell at the same time on 0,81%.
Thursday morning most of the indices of the Asia-Pacific region grew by 0.1% -1.1% in. The only exception was Japan’s Nikkei 225, which declined by 0.3%. Growing Asian markets and stable from morning quotes black gold set moderately positive external background before opening the Russian market, from which we expect continued recovery. Likely day trading corridor by index Mosberg is in the range of values 2355-2405 points, the RTS index is within the boundaries of 1105-1130 points. Today financial statements under IFRS for the third quarter and nine months publishes “Cherkizovo”.
The ruble has demonstrated impressive growth the day before. At the end of the day on the Moscow exchange, the dollar calculations “tomorrow” fell to 67,0200 RUB (-111 COP.), and the European currency declined to 75,9600 RUB (-95 COP.). Such consolidation has contributed to several factors. It has risen in price oil, and for the first few weeks, a Finance Ministry OFZ, and information about the deferral of the us Congress the new anti-financial sanctions until next year.
However, it can be assumed that this positive is already priced in by the market, and for the further recovery of the ruble will need a new piece of good information, today we expect a neutral market opening. Expected daily trading range for dollar is 66,3-67,7 RUB, for the European currency of 75.2-76.7 per RUB.
Night black gold was steady around $65,9-$66,4 per barrel. Likely daily range for today’s trading, Brent crude oil is $65,5 to$66.8 per barrel.
__________
Vadim Iosub,
Senior analyst,
Alpari