Russian stock market ends the week reserved

  • And
  • +A

In the course of trading Friday, the mood of global investors is ambiguous. In Europe the prevailing positive sentiment, but the interest for risk muted due to the lack of substantial positive signals from negotiations, the U.S. and China. Sides reported progress, but trump also pointed to the continuing differences between countries that they will allow this month. Otherwise, March 2, America will increase import duties on Chinese goods, that will mark the escalation of a trade war.
On this background the Russian market has shown restrained dynamics. After the initial drawdown of the major indices modestly settled in positive territory. Index Mosberg raised a quarter of a percent due to the morning retreat of the ruble. The us dollar tried to return to growth, but met resistance on approach to the field 65,70 RUB and returned to levels of closing of the previous session. RTS is held in the flat at 1215 points.
Starting today the pending purchase of currency by the Central Bank does not have a significant impact on the ruble, which had to be prepared for expansion of interventions. However, coupled with the inability of oil prices to develop growth momentum, this factor still holding back the strengthening of our currency as a technical factor – the dollar found support near the level of 65 rubles., which can prevent further to restore the “wood”.
Gennady Nikolaev
Academy of management Finance and investment