The Russian stock market: the end whether the company has to offer?

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On Friday the world’s major indexes closed with no General direction. And in the Russian stock market continued sales. The ruble-denominated index lost Mosuri of 1.42%, the dollar-denominated RTS index on the background of strengthening of the ruble fell less by 1.16%. Among leaders of decrease – “Yandex” (-19,91%) and “HVAC” (-7,43%). The Dow 30 increased by 0.26%.
Monday morning most Asian indices showed rapid growth of 0.5%-4,4%. With the exception of the Australian ASX, which was down 0.6%.
Futures on the S&P 500 index was trading in the morning about 2774 points, 0.23% higher levels of closing of the previous trading day. Morning recovery of oil prices and a rally in Asian markets allows us to hope for the end sales in the domestic market. Likely daily corridor traffic index Mosberg is in the range of values 2325-2370 points, RTS index — 1120-1140 points. Today production results for the nine months publish “Rusagro” and “RusHydro”, and “Magnet” – unaudited financial results for the third quarter.
Unlike the stock managed ruble on Friday strengthened. At the end of the day on Masuria, the dollar calculations “tomorrow” fell to 65,4900 RUB (-33 COP.), and the European currency declined to 75,42 RUB (-0,5 COP.). Morning growth of oil prices gives hope for the continuation of this trend. Expected daily trading range for dollar is 64.8-66.1 per cent RUB, for the European currency at 74.7-76.2 per RUB.
On Monday morning, after falling to $79,1 per barrel, the price of black gold has recovered to $79,5. Likely daily range for today’s trading, Brent crude oil is $78,7-$80,3 per barrel.
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Vadim Iosub,
Senior analyst,
Alpari