What will happen to the ruble, the expert made a prediction
The Russian stock market on Tuesday opened in positive territory. Major benchmarks in the early session rise on average by 0.3%, European markets appear this morning, shares of AFK “System” and “Mechel”. On the downside were shares of “OVK” and “Akron”.
The external environment for today’s trading formed a heterogeneous. The American market closed the previous session sales, index futures S&P premarket good adds. Commodity market is trading in the positive zone. A barrel of North sea Brent oil in the first half of the day is $59,76 (+1,3%).
The pair EUR/USD this morning is teetering around 1,1480 slightly growing up. Market attention is focused on the vote in the British Parliament on the issue of Brexit – this will depend on the behavior of the EUR/GBP and GBP/USD, and therefore the main currency pairs too.
The Russian ruble began trading Tuesday a slight decline in a basket of currencies. Grinbek in the first minutes of the session cost 67,12 rubles (+0,1%). A dollar today will try to stay within the marks 66,80-67,75 RUB, EUR/RUB will spend the day in the range of 76.75-77,65 RUB All the attention – on the Bank of Russia and his possible release today for public auction currency section.
First Deputy Prime Minister and Minister of Finance of the Russian Federation Anton Siluanov said that the Russian reaction to the pension reform surprise. He is confident that the decision on the pension reform was the most difficult for the new government. He also admitted that, despite all the adjustments, reforms, tension is maintained in society. The Finance Minister, of course, absolutely right. From our point of view, additional oil revenues of the Ministry of Finance could be spent on pensions and not on the purchase of foreign currency.
However, fundamentally the situation has not changed. In Russian society there is an opinion about an astronomical income from oil and gas exports, which could be spent on pensions. However, the fact is that barrel production per capita in Russia is quite modest. Russian society is still very infantile, refusing to acknowledge the current economic reality and geopolitical sanctions pressure, still focusing on the Soviet social state.
However, no one bothers to defer 5% of monthly income on Deposit or in shares of leading Russian companies. And, of course, can and should adequately educate the children that will provide for you in old age. Unfortunately, people who live independently, without relying on the state in Russia is still in the minority.
Index Mosberg protorguetsya today within 2425-2450 points.
Director of information-analytical center,