The Russian stock market on Monday started on a weak sales

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The Russian stock market on Monday started the weak sales. The domestic indices, there remains the potential for renewed local peaks, in particular, this applies to the ruble indicator, but the expectation is relevant only while maintaining the external environment at least in a stable condition. To date, the leading stock indexes slide down by 0.1% on average. By the end of the interest were shares of the Bank “Saint-Petersburg” and “KAMAZ”. In the “red” area withheld paper Mosberg and “Aeroflot”.
The external background to today’s trading, meanwhile, has developed neutral. American markets closed Friday’s session in positive territory, futures on the S&P index rises slightly in premarket trading. Oil prices hold in the red. The barrel of oil Brent is trading at $76,62 (-0,65%). In the near future the market will be interested in the stats from OPEC, which are published on a monthly basis, but it is unlikely they will find something unknown to investors. Quotes black gold trying to turn down what would be quite logical.
The pair Euro/dollar on Monday morning continues to increase. Basic trades in the first half of the day EUR/USD go around 1,1960. Eurocurrency played the main negative and well recovered, but this does not mean that the dollar is no longer interesting.
The Russian ruble strengthened to a basket of currencies in the first hour of trading. The US dollar was trading at RUB 61,76 (-0,27%). The most probable trading range for the pair dollar/ruble today is 61,50-62,50 RUB and Euro/ruble – is 73.55-75,00 RUB.
Index Mosberg protorguetsya Monday within the boundaries of 2310-2350 points.
Company “Rosneft” has published the reporting under IFRS for the I quarter of 2018. The results pleased investors and in line with expectations. Amid rising oil prices since the beginning of the year, the Corporation was able to increase its net profit in the first three months at 7.3%, the index amounted to 81 billion rubles Revenue increased by 22%. The effect of high oil prices strengthened the falling ruble.
In the morning at the auction of the company’s shares are slightly decreasing probably works famous trading principle of “Buy on expectations, sell the event”. Positive statements are one of the largest oil companies in the country suggests that first quarter was favorable for all oil companies in Russia, which means we can expect positive reporting on the sector as a whole.
In addition to “Rosneft” in the statements for the first quarter of 2018 will publish “Rusagro” and VEON. The register of shareholders for participation in the AGM closes “Severstal”, “NLMK”, “Sberbank”, “MOESK” and JSC “Lenenergo”. There will be a meeting of the Board of Directors of “Higher”.
On Monday its monthly report, OPEC will publish, it is worth paying attention to, but rather on its content. The predictions of the cartel traditionally affect the oil market.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari