The stock market by the end of the week left without ideas
On Thursday the world’s major stock indexes have shown the contradictory dynamics. On this background ambiguously spent the day and the market. The ruble-denominated index Mosberg added 0.13%, the dollar-denominated RTS index to the weakening of the ruble against the dollar fell 0.36%. Among leaders of growth – “MTS” (+1,47%) and “Sberbank” (+1,26%). Among leaders of decrease – Polyus (-4,14%) and PIK (-3,12%). The Dow 30 increased by 0,64%.
Friday morning the Asian markets behaved ambiguously: Australia was down, Japan was growing up. Markets in China were closed in connection with all souls ‘ Day. Futures on the S&P 500 index traded in the morning at around 2887 p., 0.14% above levels of closing of the previous trading day. External factors do not give clear signals before opening of the stock market in Moscow, we expect a neutral start of trading. Likely day the corridor index Mosberg is in the range of values 2510-2560 points, RTS index — 1210-1230 points. Today statements for the first quarter will publish the “savings Bank”.
Against foreign currencies, the ruble weakened slightly yesterday. At the end of the day on Masuria, the dollar calculations “tomorrow” rose to 65,4750 RUB (+23,5 COP.), and the European currency has grown to RUB 73,4800 (+19 kopeks). In the absence of external factors and internal drivers, we anticipate the opening of a foreign exchange market near yesterday’s closing levels. The expected daily range for the dollar is 64.8-66.1 per cent RUB, for the European currency — 72,7-74,2 RUB.
One of the factors that hinder the growth of prices, — data on production growth in the United States. The last digit of the energy information Administration of the US show that oil production in the United States, which from mid February was held at 12.0 12.1 million barrels per day, increased by 100 thousand barrels per day, to a record 12.2 million barrels per day. Friday morning, after declining to $68.9 per the price of black gold has recovered to $69,1.
Likely daily range for today’s trading, Brent crude is $68,4-of 69.8 per barrel. The medium range which is defined by the closest significant support levels and resistance remains between $65,9 is 77.9. The evening will report Baker Hughes active oil platforms in the United States. Recall that a week earlier, their number decreased by eight units, to 824 units. _______________
Senior analyst at information-analytical center “Alpari”