The Russian stock market is trading without certain dynamics

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Russian “blue chips” on Monday morning traded without clear dynamics. Accordingly, the index Mosberg and dollar-denominated RTS index are near zero. Index Mosuri will hold today’s auction in the hallway 2780-2800 points. The ruble is trading in the green zone. The corridor is expected today on the pair dollar/ruble is 65.4-65,7, Euro/ruble – 72,2 is 72.5. EUR/USD – 1,103. Brent crude is trading at $par to the 61.86 per barrel, adding 0.52 percent.
Oil rises on expectations that Saudi Arabia will continue to support the reduction of production in the framework of the agreement “OPEC+” under the new energy Minister, Prince Abdulaziz bin Salman. But the most interesting is, of course, the ECB. Probably, the ECB will announce quantitative easing at the meeting on September 12. ECB rate on deposits in September will be reduced by 10 basis points to a record low of minus 0.5% per annum. There is a view that an unconditional basic income and negative interest rates – this is the future of the European Union.
A single day of voting showed that negative attitude to authorities due to pension reform and economic stagnation proved to be greatly exaggerated. Plus, not only income dynamics, but the quality of life increases. United Russia won the gubernatorial election in the first round. Especially noteworthy is the victory beglova in St. Petersburg. But the most important is, of course, Moscow. Everything in Russia is determined not to province, and in the capital. The protests, the intensity in the media, and the output is zilch. The turnout is lower than in 2014, results: 24 – EP 14 –the Communist party, 4 – “Apple”, 3 –”a just Russia”.
Most of Russia’s current situation is good, now is not the fall of 1998 when after a default the number of poor rolls. Russians prefer to work and relax, believing that politics, like everything else, should be engaged specially trained people. For the investment climate and market capitalization of the companies the results of the elections are neutral.
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Alexander Razuvayev,
Head,
“Information-analytical center “Alpari”