Russian stock market falls after us indexes
Against the background of collapse of 1%-6,5% global stock markets – the Russian market will open decrease. The reason for this was the high yield of US Treasury bonds 3.24% against the gross dividend yield on SP500 1.82%, which prompted investors to reallocate more money in husbandi. As a result, at the end of trading Wednesday – early Thursday, the yield on bonds has decreased by 9 b.p. to 3.15%.
Thus, the auctions on placement of 3-and 10-year bonds passed with a little less coverage ratio, for example, 10-year-old of 2.39% against last of 2.58%. Plus, on the background of a trade war between the US and China, investors have fears for the profits of American companies in the third quarter, the results of which begin to fail on Friday with statements from leading U.S. banks.
In addition, the US President has again criticized the policy of the fed and summed up the result of the collapse of the market, as long-overdue correction. However, the dollar weakened against global currencies – the dollar index dropped to 50 b.p. to 95,26 points. Em currencies have also weakened against the dollar. Prices for most commodities declined, for example, Brent crude went down by 3.65% to $82 per barrel. API predicts growth of stocks of crude oil in the United States by 9.35 million barrels., negative for oil prices.