Experts expect the ruble to strengthen and the Moscow stock market index to grow.
The Moscow stock market index rose almost 2% during the week following the news of the negotiations in Ukraine and held 2,500 points. The price of the ruble fell against the yuan by only a few kopecks, Brent lost about 2% during the week. Next week the focus is on the APEC summit in Shenzhen on November 18-19 with Xi Jinping, Putin and Trump in attendance.
Arikapital investment strategist Sergey Sovrov expects moderate growth on Monday. According to him, there was no breakthrough in Abu Dhabi, but the negotiation process continues, and hopes for a compromise remain. Oil has fallen below $100, there is no major escalation in the Middle East - a rotation from oil papers to technology and banking papers, which are well reported, is possible.
The ruble is under pressure from an increase in purchases of foreign currency by the Ministry of Finance and a drop in oil prices, but supports the tax period - forecast 82-83 rubles to the dollar.
Oleg Alabev, head of the analytical department of Ricom-Trust, sees the report season and dividend expectations as a driver. He does not foresee a strong drop in oil prices: the Houthi attacks on Saudi Arabia's infrastructure continue, and the ceasefire that was in effect before lasted less than two weeks.
The Ministry of Finance has increased interventions from 12 to 15 billion rubles per day to accommodate the ruble's strengthening, but the trend still dominates - the forecast is 83-84 rubles to the dollar.
This week, dividend recommendations will be published for MTS and Europlan, Softline will consider a new dividend policy and Lukoil shareholders will discuss payments of 535 rubles per share.