The growth of Russian stock indexes continue for another two or three weeks of October

Now on the equity market is positive dynamics of the major indexes. Consists of three interrelated factors - the growth of western trading platforms, increased oil prices and a decline of the dollar as the euro and the ruble - ambient background conducive to the growth of our market.

In addition, the upward movement, which we see in the Russian markets stems from the fact that many Western institutions began a new fiscal year and therefore they had obtained new limits, and the partial deployment of these limits occur during the first week October. I believe that this factor supports our market and lead to an increase in quotes.

Trading on the Russian sites will be completed today in the positive territory. I believe that the growth of our index to continue for another two to three weeks of October, if you do not happen to any disaster that could negate it. But in general, with oil prices at about $ 70 per barrel (plus or minus $ 3) and less stable trends in the western areas, our codes have a good chance of growing due to seasonality. If you look at the charts, with the exception of the past and in 1998 the first two or three weeks of October to see the growth indices okolo10-12%.

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