In global equity markets risk appetite has fallen

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In global stock markets on Wednesday 25 April remained negative sentiment. Investors remain concerned about the growth yield of ten-year U.S. Treasury bonds in the district multi-year highs of around 3% per annum against growth of inflationary expectations in the country.
At the same time, corporate news support the us market. So aviabuilding concern Boeing Co. reported an increase in quarterly profit in 1,6 times, to 2.47 billion dollars, and revenue by 6% to 23,382 billion dollars.
As a result, U.S. stock indexes in early trading day in the U.S. decreased 0.3% since the start of trading.
Western European markets in the evening lost 0.6% to 1.2% for the index. Pressure on the regional market and has had corporate data. Lloyds Banking Group announced that net profit in the first quarter of 2018 increased by 29% compared to the same period last year – up to 1,147 billion pounds ($1.6 billion), below analysts ‘ expectations.
The Russian stock market on Wednesday following the results of day has decreased on the background of falling world stock markets and the slide in the ruble and oil.
The 3rd day in a row were shares of “RUSAL” (+3,6%). Papers NLMK have grown on 2,3%, “the Magnet” – on 1,5%, “Rosneft” – on 5%. In the latter case, shareholders like the company’s Board of Directors to the shareholders ‘ meeting to pay a final dividend for 2017 in the amount of 6.65 rubles per share, the total payout for the year will be 50% of net profit according to IFRS including the interim dividends.
The leaders of decline were the shares of Yandex (-3,5%), Sberbank (-1,1%), GDR X5 (-5,6%). Investors in the latter case, negatively assessed the change of the General Director of the company.
In the end, the ruble indicator Mosuri the day down 0.01% to 2253,5 item, dollar-denominated RTS index by 1.4% to 1137,62 points. The difference in the dynamics of the indices due to the growth of the dollar to 77 cents.
Expect the next auction index Mosuri will hold in the range of 2200-2300 points, and RTS – in the hallway 1120-1155 points.
The ruble to the evening declined against the major reserve currencies after the oil market and the dollar strengthening in the forex market, which is traditionally the signal for the flight of investors from risky assets and currencies of emerging economies.
In the end, the dollar 18.51 MSK grew by 1.3% to 62,39 of the ruble, the Euro by 0.8% to 75,97 of the ruble. In the next session, the U.S. currency will fluctuate in the range of 61,4-63,4 ruble, Euro – in the hallway of 75.4-76.6 ruble.
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Ivan Marchena,
Analyst
GK Forex Club