Russian stock indexes again tend to records
Since the beginning of 2019, the President of the United States actively conducts a trade war with China. He almost forgot about your controller, but on Tuesday I suddenly remembered that the pressure on the fed can help deal with Beijing. In his Twitter account the President referred to the high rates and the high dollar, which does not allow US to equal to trade export-oriented countries. What is the answer to the fed, we’ll know next week: on 19 June, the regulator will announce the decision on interest rates, and Jerome Powell will deliver a speech and answer questions.
Meanwhile, in Russia, the index of Mobimii has updated the historical maximum, and the dollar-denominated RTS index returned to the level of the June-July 2014, when the US and the EU started the sanctions pressure on Russia.
Leaders of growth are companies in the energy sector. “Inter RAO UES” (IRAO) is +3,33%. Also boosted steelmakers. Norilsk Nickel (GMKN), Severstal (CHMF), “NLMK” (NLMK) traded with growth of around +2%. The reason for optimism is the season of dividends and reduction of risks of new sanctions, since this topic is not on the agenda of the U.S. Congress.
In General, this market is very difficult to form new positions, but if necessary, you should carefully evaluate the paper associated with a wide demand. “NOVATEK”, “inter RAO”, “FGC UES” still have prospects for growth.
“International financial center”