The Russian stock market is competing in the growth indices

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World stock markets on Thursday, August 8, went together to the growth. Our cold even in summer the country is no exception. So, the currency index of RTS on Thursday has shown good growth by 1.47%, while the index of Masuri grew smaller, by 0.81%.
Among the growth leaders on the Russian market it is possible to note the action “Rosneft” risen in price for the day by 3.42%, and shares of “Norilsk Nickel” (+2,61%), “United wagon company” (+2.4%) and InterRAO (+2,16%). The most heavily fell on Thursday, shares of M. Video, falling 5.2% and paper ALROSA (-2,16%) and “OGK-2” (-1,37%).
We believe that the Russian stock indices will open in positive territory. RTS are waiting for oscillation within 1300-1360 points, and index Masuri — in the range 2690-2750 points.
The growth of the Russian and world stock markets was associated with positive reports of corporations and with the suspended drop of the Chinese yuan, which was a signal to world markets that the new crisis and the recession are now delayed. Us stock indices on Thursday closed in a good plus, as if competing with each other – who show higher growth rates. The Dow 30 rose by 1.43%, the S&P 500 rose by 1.88% and the Nasdaq was the champion and has grown by 2.24%. Asian markets morning show contradictory trend: Chinese indices minus, and the indexes of other Asian markets are in positive territory.
The price of Brent crude on Thursday rose by 0.66% to $57.53 a barrel, while the price of a barrel of Texas WTI rose 1.4%, to $52,9 amid the General positivity and promises of Saudi Arabia to cut oil exports in September. This morning, however, the decline in prices resumed: Brent cheaper by 0.78%, while WTI falls by 0.9%. Our forecast for the Brent crude oil price for today: $57-58 per barrel.
Today, at the opening, the ruble may again slightly cheaper. New forecasts: the exchange rate of the ruble against the dollar to 64.5-65.5 rubles at the exchange rate of the ruble to the Euro – 71,8-73 RUB.
Natalia Milchakova,
Deputy head,
“Information-analytical center “Alpari”