A rise in the yield of ruble debt on Friday is possible due to political risks, according to the analytical material of Sber CIB. The dynamics of the ruble depends on the report on the labor market
Sber CIB expects ruble bond yields to rise 5-7 bp on Friday.
Technical analysis shows that Brent crude oil prices may rise to $ 68.1-68.6 per barrel on Friday. However, the data on the US labor market is unlikely to come as a surprise, Sberbank analysts believe, so it is more likely that oil quotes will consolidate in the range of $ 66.5-67.7 per barrel.
The ruble exchange rate is stable on Friday morning at 74.3 rubles / $ 1 after weakening to 75 rubles / $ 1 on Thursday. If the data on employment in the US expected for the day is strong, then the Russian currency may return to the level of 75 rubles / $ 1, and the euro may test the level of $ 1.19. If the report turns out to be weak, then in this case the American currency will take a break, and the ruble may reach 74 rubles / $ 1, Sber CIB believes.
Sberbank predicted the dynamics of the ruble on Wednesday
Probably a decline in oil quotes during the trading session on Wednesday, the ruble may fall after the data in the US – Sber CIB
Sber CIB analysts predict that the price of Brent, which is around $ 62.81 a barrel on Wednesday morning, could drop to $ 61.1 a barrel, but is more likely to hold above $ 62.4 a barrel – this is within Monday’s daily lows. and Tuesday. Today the market is awaiting information from the US Department of Energy on oil reserves. The results of the meeting of the ministers of the OPEC + countries will also become known. Perhaps the cartel members will clarify plans to increase oil production on Wednesday before the main meeting on Thursday.