Mexico responds to a trade war United States

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The world stock markets on Tuesday 5 June there was a contradictory mood. The participants are the American stock trading has played a positive news about the presentation of Apple new iOS version 12. It has improved performance and new features. Positive came from the side of macroeconomics. The index of business activity in the US service sector in may rose to 58.6 from April to 56.8. Analysts expected growth only to 57,9%.
The limiting factor was made by the decision of Mexico on the introduction of fees in the amount of 15-25% for steel, agricultural products and whiskey from the US in response to us duties that recalled the negative trade wars.
In the end, U.S. stock indexes early in the day in the US changed since the beginning of the trading session mixed in 0.3%. The main Western European markets on Tuesday mostly fell within 0.7% of the index. The pressure exerted macroeconomic statistics data on weak retail sales growth in the Eurozone in April by 0.1% – with expectations of an increase by 0.5%. Composite index of business activity in industry and services sectors in the Eurozone fell in may to 54.1 from 55.1 in April.
The Russian stock market decreased on Tuesday on indices on the background of the about with slackened oil – in district $ 74 per barrel.
In leaders of decrease – actions of Sberbank (-2%), M. video (-2,2%), “Rosneft” (-0,8%), “Masuri” (-1%). Paper “VSMPO-AVISMA” fell by 3.1%, as was trading without the dividend.
Rooted GDR En+ (12%) on the background of relief on the issue of timing of introduction of sanctions from the United States. Rose paper “Raspadskaya” (4.3%), “Adnexa” (2.3%).
In General, the ruble indicator Masuri to closing has decreased since the beginning of the day by 0.23% to 2318,23 points, the dollar index of RTS – on 0,59% to 1172,77 points.
Expect the next auction index Mosuri will hold in the range 2260-2360 points, and RTS – in the hallway 1155-1185 points.
Ruble in the evening little changed against the dollar and fell against the Euro on the recovery of the European currency above 1.17 dollar. Oil in rubles were hovering around 4650 per barrel. The ruble resists the slipping of “black gold” in the area of $ 75 per barrel and capacity of the Ministry of Finance of the Russian Federation of foreign currency purchases.
The dollar by 19.45 GMT increased by 0.05% to 62,09 of the ruble, the Euro by 0.15% to 72.72 ruble. In the next session, the U.S. currency will fluctuate in the range of 61.6-62.6 ruble, Euro – in the hallway of 72.1-73.3 ruble.
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Ivan Marchena,
Analyst
GK Forex Club