A trade war between the US and China, inhibits the growth of shares

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The Russian stock market on Friday finished trading in negative territory on the background risk of falling of interest of investors to risky assets because of the trade war between the US and China. Even the rise in oil prices could not support the shares of companies. The leaders among the fallen in price securities at the end of trading were shares of companies in the metals (-0,79%), telecommunications (-0,66%) and energy (-0,61%) sectors.
MICEX index by results of the auction decreased by 0.24% and closed at 2280.28 points. The RTS index lost 0.02% and stood at 1258.59 points on the background of growth of the ruble against the U.S. dollar and the weak lower against the Euro.
The price of crude oil by the end of trading in Russia rose amid risk extensions of trade wars that can hinder the flow on the global oil market in the Wake of geopolitical tensions. Brent at the moment of writing the review jumped by 1.81%, to 70.16 per barrel. WTI rose by 1.84% to $ 65,48 per barrel.
In the currency market the ruble by the end of trading in Russia was choppy against the dollar and the Euro. High volatility in global markets, as well as the probability of outflow of capital in the future on the wave of trade wars has had an ambiguous impact on the ruble. The USD/ruble with tomorrow calculation fell 0.25 percent, to 57.10 rubles per dollar. The Euro/ruble gained 0.02 percent to 70.46 rubles.
The dollar is trading unevenly against the background of a trade war between China and the United States, which actually declared on Thursday Donald trump’s decision to increase customs duties on imports from China.
The events of the day:
Monday will be released data on the volume of exports and imports and trade balance in New Zealand. In addition, speeches of the fed members Dudley and Mester.
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Sergey Kozlovsky,
Head of analytical Department,
Grand Capital