Oil and rouble support the Russian stock market

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The Russian stock market on the background of the stability in oil prices and the strengthening of the ruble has all chances for further growth. Most investors pay attention to oil prices and stability in the sector. Iran has said it will veto any decision by OPEC, which is detrimental to the Islamic Republic, and warned that some oil producers are trying to create an alternative forum for suppliers, which supports US policy, hostile to the government in Tehran.
Oil Minister Bijan Namdar Zanganeh said that the agreement that the Organization of countries-exporters of oil and allied manufacturers reached in 2016, the decline in production is trapped and the Committee of OPEC, which meets this weekend in Algeria, has no right to introduce a new supply chain. In fact, uncertainty about the oil market, to some extent, move prices more up than down.
Because the issue with Iran remains open, and many large investors realize that too low price of oil also can not fall. So pay attention to exporting companies. In particular, “Rosneft” bought up by investors from the price level of 440.00, with growth potential to 455.00 rubles per share.
“Gazprom” continues to increase in the near future and will trade higher to 160.00 per share. Therefore, the main Russian stock indexes continue to refresh the historical highs against the background of investment activity in the oil and gas sector.
U.S. stock indexes closed mixed due to the corrective movements on the part of big companies Amazon and Microsoft. Stock Amazon.com Inc. (NASDAQ: AMZN) fell nearly 1%, as the European Union has opened a preliminary antitrust investigation over the fact that a retailer can gain a competitive advantage using the data it collects from third-party sellers on its platform. Investors ‘ attention is focused around the company Alibaba.
Chairman of Alibaba (N: BABA) Jack MA said that the company is no longer able to fulfill his promise to create 1 million jobs in the US due to tensions in the U.S. and China. Jack MA has met with D. trump two years ago and posted the plan developed by Chinese e-Commerce, so over the next five years to bring to its platform a million small businesses in the United States to sell them to Chinese consumers.
This commitment is based on friendly cooperation between China and the United States, as well as on the rational and objective premise of bilateral trade. The current situation has destroyed the original premise. It is impossible to fulfill the promise. Although MA did not specify how it will add these jobs, he said he wants to encourage American small businesses to sell on the market, Alibaba’s Tmall and Taobao, believing that every new business that joined the platform would have to hire someone to manage the additional sales.
Investors, it seemed, was delighted with the review MA when Alibaba shares closed up 3.8 percent on Wednesday. This year they fell by 5.7%, including these benefits. Investors pay attention to the price level of 160.00, which occur from the purchase of securities by large investors.
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Gaidar Hasanov
Expert
“International financial center”