New sanctions in the spotlight of the stock market

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Trading on the U.S. stock market on Tuesday, likely to start in positive territory on the background of positive external signals, while the Russian stock market and the ruble continue to suffer from a new package of us sanctions.

On the eve of the US market ended the trading session higher in the range of 0.5%. Major European stocks rose on Tuesday due to the reduction of concerns about the beginning of a trade war between the US and China. Investors with optimism have apprehended the statement of China about the fact, that this year the country will reduce tariffs on some imported goods, particularly cars.
For the same reason, Asian markets ended the trading session on Tuesday to rise by 0.2-1.1 percent. Futures for indexes of the USA grow by an average of 1.5%. World oil prices rise to $ 70 per barrel Brent.
The focus of the markets is a new package of sanctions against Russia, which had caused the collapse of the Russian stock market. Shares of large Russian banks have fallen in price on 18%, and shares of “RUSAL” in the sanctions list and announced a possible techdefence, have fallen by 50%. Under the same intense pressure was on Monday and the ruble, which passed several psychological levels against the dollar and against the Euro.
On Tuesday, the Russian stock market tries to rehabilitate index Mosberg, although dollar-denominated RTS index is still declining more than 3%. However, the Russian currency continues to fall down, losing over 2 rubles against the Euro, which rose above 77 rubles. However, the Euro-dollar on the international currency market is growing to 1,2361 dollar.
Ivan Marchena,
GK Forex Club