The Russian stock market is trading without significant fluctuations

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Russian “blue chips” on Wednesday morning are trading mixed. Accordingly, the index Mosberg and dollar-denominated RTS index are near zero. Index Mosuri will hold today’s auction in the hallway 2640-2670 points. Support for the stock market and the ruble have oil prices.
Brent crude is trading at $59,48 per barrel, adding 0.76 percent. Oil is rising amid the American petroleum Institute (API) on significant reduction of oil reserves in the US last week. The ruble is trading in the green zone. The corridor is expected today on the pair dollar/ruble is 66,3-66,6, Euro/ruble – a 73.5-73.8 per. EUR/USD – 1,109.
The holding of the Russian stage of Euro 2020 will cost 6,315 billion. This amount is included in the draft government resolution on the program of preparation for holding the championship in Russia. The Federal budget proposes to allocate a little more than two and a half billion, and 3,729 billion – regional investment. The sixteenth European Championships to be held in June-July of next year in 12 European cities: St. Petersburg, Munich, Rome, Baku, Bucharest, Budapest, Copenhagen, Amsterdam, Bilbao, Dublin, Glasgow and London. In St. Petersburg will host 4 matches of the tournament.
Of course, the sum is not large, and be repaid through good PR, which is so lacking in modern Russia. Peter – the most European Russian city, and the infrastructure for the world Cup 2018 still in good condition. Of course, Russia is by far not enough to win the competition. However, this issue is beyond the Russian economic policy. In conclusion, we should say that the 2018 world Cup, Russia has spent about 600 billion rubles., about half was the cost of the Treasury, the remaining funds given to the Russian private investors. ___________________
Alexander Razuvayev,
Head,
“Information-analytical center “Alpari”