This morning looks dramatically. All relevant indicators closed in red - the investors out of the assets, while the price for a timely exit from becoming too high. US exchanges closed the previous session abrupt failure - after a brief pause, the site returned to aggressive sellers. Futures on the S & P index premarket trading lossy 2 581.00 (-3.75%). Asian markets are now also utyanulo into negative territory. 225 Nikkei index fell to 0,24%, ASX Australia retreated to 0,9%, Shanghai Composite fell by 5.5%. Hang Seng dipped 3.5%.
Oil loses weight on Friday morning. There is a pronounced negative, in addition to the observed stabilization of the dollar and the decline of overseas markets. It has been repeatedly stated that no fresh "bullish" drivers pass above for the black gold is difficult. The market has not found a suitable catalyst and under the weight of the external background selling materials. "Barrel" North Sea oil is trading at $ 64.4 (-0.6%).
Grim external background will have a pronounced effect on the opening of trading on the Moscow stock exchange. MosBirzhi index will most likely start with a reduction of 1% on average. RTS index may proceed to 1200 points, as had been seen previously.
Ruble Friday trading on the Moscow stock exchange opened weakening "Russians" in pairs with foreign currencies. The key event of the day - a meeting of the Central Bank of the Russian Federation - as a whole is already priced in pairs ruble, the volatility may increase, unless the regulator significantly change the rhetoric of his comments. In the current environment, most reasonable to reduce the rate by 25 basis points and return to new lows in March. However, the Central Bank may go for broke and reduce it by 50 basis points, if deemed dangerous inflation. The US currency today will go to 58,50-59,50 rub. The euro / ruble will hold Friday a session within 71,50-72,50 rub.
EUR / USD at the beginning of the trading day is limited to growing up and is trading at 1.2260. Market demand for the dollar is still clearly seen, so throughout the session can not be excluded change the trajectory of the main currency pairs. The dollar is now - the basic defensive asset.
Anna Bodrov Alpari