Oil stopped the fall of the stock market of the Russian Federation
The Russian stock market showed positive dynamics at the opening due to some stabilization of oil prices. Shares of the oil and gas sector rose by an average of 1.2%. Despite concerns about the possible cancellation of the meeting of heads of Russia and the USA, investors try to make money on what is now true and does not depend on policy. Shares of the company “Mechel” can be interesting to investors because of reports of an increase in coal production to 4.78 million tons, the Growth of the company’s shares has the potential 100,79 rubles per share.
It should also pay attention to the following paper: LUKOIL (MCX: LKOH) growth potential +1.3%, Gazprom (MCX:GAZP), the expected increase of +1.6%, Rosneft (MCX:ROSN) could increase by +1.4%, Gazprom Neft (MCX:SIBN), the expected increase of +1.7%. In General, the oil and gas sector will pull the Russian stock indexes.
Wall Street received a new impetus for growth due to a possible settlement of the trade conflict between the US and China. The Dow Jones Industrial Average (DJI) rose 108,49 points, or 0.44 percent, to 24 748,73, the S & P 500 (SPX) gained 8.75 percent, or 0.33 percent, to 2,682,2 and the Nasdaq Composite (IXIC) gained 0.85 points, or 0.01 percent, to 7 082,70. The President of the United States Donald trump threatened on Tuesday to eliminate subsidies for General Motors Co (NYSE: GM) in retaliation for what the carmaker to cut jobs and plants in the United States. Against this background, shares of General Motors Co corrected to 2.55%. Trump is not the first time threatened U.S. company.
In June, he threatened Harley Davidson higher taxes after the motorcycle manufacturer announced that it will transfer some of its production abroad. Trump has also threatened to take action against Amazon.com Inc. (NASDAQ: AMZN), has repeatedly saying in April, without providing evidence that the online store did not pay the U.S. Post office at fair rates. It is expected that Wednesday will be the Chairman of the Federal reserve system Jerome Powell, and investors will scrutinize his comments on the economic health and trade in the United States.
“International financial center”