Russian stock market ends Thursday’s decline

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Russian stock market ends Thursday’s decline. Index Masuri loses 2% (2369 points), RTS index reduced by 1.4% (1127 points). In leaders of falling of the action “Tatneft” and “TGC-1”. Grow in a falling market managed shares “the Pole” and “Polymetal”.
The wave of negativity has come to the market from the USA. On Wednesday the U.S. indices plunged more than 3 percent, amid trade war with China raising rates and the alarming situation in the debt market of the USA. Before reaching the Russian market, the wave of negativity swept through Chinese markets: Shanghai Composite fell more than 5%, the Taiwanese technological TWSE index fell more than 6%.
At the opening of the us stock indices have been falling slightly, there is a chance that the decline will continue.
On the Moscow stock exchange today traded deliverable gold futures. The launch of futures contract on gold will connect the market with the urgent market of the Moscow exchange, as the supply of gold will be in the spot market of precious metals Exchange.
The ruble rose against the dollar and the Euro. At the end of the day on the exchange for one dollar offer 66,2 RUB, EUR – RUB 76,4 foreign Exchange market did not react to the volatility in world stock markets, which is quite natural. Ruble pair konsolidiruyutsya and do not plan to make any sudden movements. A further fall of the ruble is possible, if the price of oil will continue to be adjusted and subsequent growth of the dollar. Tomorrow, the pair dollar/ruble will hold an auction in the range of 65,5-67,5 rubles., the Euro/ruble – in the range 75,7-77 rubles.
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Anna Kokoreva,
The Deputy Director of analytical Department,
Alpari