Stock market awaits the outcome of the negotiations trump with si Tszinpin
The Russian stock market has been attempting growth against the positive of the situation around the oil market. Russia has agreed on a gradual reduction of oil production, that could force large investors and oil traders to buy oil contracts, thereby to support the market until the OPEC meeting in Vienna. On the agenda will be discussed about the introduction of new anti-Russian sanctions over the incident in the Kerch Strait. German Chancellor Angela Merkel that he was going to discuss with Russian President Vladimir Putin this issue at the G20 summit in Argentina.
One should not expect a sharp volatility of the ruble due to the fact that the US President refused to meet with the President of the Russian Federation. Since the news is already partially priced in. By and large, the meeting of Vladimir Putin and Donald trump could be neutral and would not have policy implications.
Great attention of global investors is on the talks of D. trump. Cznhjna. So today, investors will be extremely cautious and a final decision will be taken after the meeting of the heads of the US and China. You should pay attention only to such actions as: “Mosenergo (MCX: MSNG)” which after a rollback may continue to rise by +1.2 percent, OGK-2 (MCX: OGKB) expected growth +1,3%, “Rosset (MCX:RSTI)” may rise to +1.1%, and TGK-1 (n: TGKA), the potential growth could reach +0.4%, “Sberbank (MCX: SBER)” there is a chance of growth of 0.7%. From the oil and gas sector can look at the shares of “Rosneft” and “LUKOIL”. On average, the growth potential may reach +1.2 per cent.
Wall Street closed in neutral after the Federal reserve released the minutes from its November meeting, where the Central Bank opened the debate on when to suspend further increases in interest rates. The protocols stated that almost all fed members agree that another rate hike is “likely to be warranted fairly soon”.
On the other hand, the efforts of market participants was reduced as investors considered the upcoming G20 summit in Buenos Aires, where the President of the United States Donald trump will have to meet with his Chinese counterpart XI Jinping on Saturday to discuss the tension in trade between the two largest economies in the world. Financial indicators are interest rate sensitive (SPNY) fell 0.2 percent as the yield of US Treasury bonds continued to fall after the remarks Powell.
Against this background, shares of major us banks JPMorgan Chase & Co (N: JPM), Citigroup Inc (N: C), Bank of America Corp (N: BAC), Goldman Sachs Group Inc (N: GS) and Morgan Stanley (N: MS) fell between 0.5 and 1.2%. Twitter Inc (N: TWTR) fell 4.2% after the Politico report, which Fox News boycotted the network of social networks, it seemed, fueled concern for a broader reaction to the message.
Shares of the retailer of clothing for teenagers Abercrombie & Finch Co (N: ANF) rose by 20.4% since the previous quarter sales were above expectations. In General, the us stock market will to some extent be traded with high volatility. But major U.S. stock indexes can be closed in different directions.
“International financial center”