The Russian stock market will show cautious optimism at the opening

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The world’s major stock indexes finished the last day of the last week in different ways: mainly by European and American grew. Against this background, different made and the Russian indexes. At the end of the day the ruble Mosberg index lost 0.37%, the dollar-denominated RTS index, by contrast, rose 0.34%. Among leaders of growth – “Polymetal” (+2,52%) and “TMK” (+1,24%). Among leaders of decrease – “Magnet” (-1,85%) and RussNeft (-1,84%). The Dow 30 increased by 0.49%.
On Monday morning most of the indices of the Asia-Pacific region grew by 0,2% -0,6%. With the exception of the Australian ASX, which lost 0.6 percent. Futures on the S&P 500 index was trading in the morning near 2733 points, 0.36% below levels of closing of the previous trading day. The growth of most Asian indices and a moderate growth of oil prices to the level of Friday night are encouraging before the opening of the Russian stock market. Likely day the corridor index Mosberg is in the range of values 2350-2395 points, RTS index — 1125-1145 points. Publish the statements of Russian issuers are expected today.
On Friday, the ruble fell slightly against the dollar, a little more noticeable – to the Euro. At the end of the day on Masuria, the dollar calculations “tomorrow” rose to 65,9800 RUB (+8,25 COP.), and the European currency has grown to RUB 75,3500 (+of 66.75 COP.). The difference in the dynamics of the two foreign currencies were due to the Friday’s growth of the pair EUR/USD c 1,1325 to 1,1415. Morning given the weak dynamics of oil prices, we expect a neutral start of trading, close to the levels of Friday’s closing. Expected daily trading range for USD 65.3-66.6 per RUB, for the European currency — 74,6-76,1 RUB.
On Monday morning, the black gold is trading with a slight growth to the levels of Friday’s closing, in the range of $67,3-$67,8 per barrel. Likely daily range for today’s trading, Brent crude oil is $66,8-$68,1 per barrel.
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Vadim Iosub,
Senior analyst,
Alpari