Starting bids in 2015 on the Moscow Stock Exchange started today on a minor note: the dollar and the euro managed to jump more than 3 rubles in the first minutes after the opening of trading. Over the next half an hour the ruble was able to recoup its losses, but it is still trading cheaper than at the end of 2014.
Thus, at 10:47, according to the exchange, the dollar is worth 58.62 rubles, the euro - 70.20 rubles.
The main reason for this decline immediately after the New Year is another "record" in oil prices, which did not stop its decline for a single day. Expectation for data about an excess supply of oil brought down February futures for both reference marks: a barrel of Brent this morning dropped to $55.54, threatening to go through a new psychological barrier of $55 per barrel, a barrel of WTI is close to another milestone, trading at the level of $51.74.
The Associate Professor of stock markets and financial engineering of RANEPA, Basil Yakimkin, noticed that, although the ruble continues to fall in price, while maintaining the trend for a fall in oil prices that has a negative effect on it, there are also other factors negatively affecting it, "as the national currency negatively affects fears of a possible recession in Russia, plus other problems associated with structural processes in the Russian economy."
The expert notes that today it is necessary for the population to save money, mainly in the currency in which people receive and spend it.
He also called on the authorities to follow the recommendations of President Vladimir Putin.
