The basis of the external background for Friday morning is the dynamics of Asian markets, where the leading indices show an increase in the range of 0.4%. An additional factor is the situation on the energy market, where the nearest futures for Brent crude oil is adding about 0.1%, trading around $87 per barrel. At the same time, today is a Good Friday day off at European and American venues. In this regard, reduced investor activity and reduced volatility are expected in global markets today.
By the end of Thursday, the Moscow Stock Exchange index rose by 0.3%, ending the session around 3,313 points. Today, at the start of trading, we expect the continuation of positive trends in Russian stocks, and the main reason for purchases will be the situation on the energy market, where the nearest futures for Brent crude oil are trading at local highs. It should be noted that this week the Moscow Stock Exchange index managed to hold its position above the support located at 3,270 points, push off from it and demonstrate moderate growth. Holding positions above this mark speaks in favor of the possibility of continuing the upward trend, and the area may become the target of the rise 3 400 – 3 500 points according to the Moscow Stock Exchange index.
On the currency section of the Moscow Stock Exchange this morning, the main world currencies are showing a multidirectional movement against the ruble. So, by 8.50 Moscow time, the dollar and yuan are tightening by 0.2%, rising to 92.6 and 12.74 rubles, respectively, while the euro, on the contrary, is losing 0.1%, trading around 99.8 rubles. During the session, we expect the ruble to stabilize at current levels. The passage of the March tax payments will reduce the support of the national currency from exporters, however, an improvement in the situation in oil prices may support the ruble and partially offset the decrease in the supply of foreign currency from exporters. Under the circumstances, we expect the dollar/ruble pair to continue moving in the middle of the 90-95 RUB range during the session.
Bogdan Zvarich, Chief Analyst of the <url> financial marketplaceThe Comments section of the AK&M news agency publishes materials submitted by Russian and foreign investment companies and banks. Their opinions may not coincide with the opinion of the editorial board of the AK&M agency. The opinions presented in the comments are expressed taking into account the situation at the time of publication of the material. The comments are for informational purposes only; they do not constitute an offer or advice on the purchase or sale of securities. For questions about the placement of information in this section, you can contact the agency's editorial office by phone (499) 132-61-30 ext. 0102.
