Stock market: Russian investors are ready to buy
In early trading Wednesday, the leading stock indexes of the Russian Federation grew by 0.5%. However, the increased flight risks to European sites, which initially traded in different directions, settled in the red zone, dragging the Russian indexes. So, the afternoon after the index Mosberg returned to their original positions, and then dipped 0.25%, while the RTS has been declining for more than half a percent. Brent crude has lost momentum and is again approaching the level of 76, which also puts pressure on the domestic market.
Shares of Sberbank are traded slightly below the opening level after the international football Federation expressed the creditor’s claim about illegal use of trademark “FIFA world Cup FIFA 2018”. FIFA has sent “Sberbank” letter with the request to eliminate the violation then the Institute has removed mention of the 2018 world Cup from the description of the contribution of “Win”.
Papers “Rosneft” expensive within a quarter percent. The company has announced a tender for the construction of a pipeline from the kharampur field in the Yamalo-Nenets Autonomous region, which Rosneft plans to develop jointly with BP, to the unified gas supply system. The tender envisages the construction of 90 km of the pipeline. Applications for participation in competition are accepted until July 16, 2018, and summarizing will take place on September 17.
Unsuccessful attempt to resume growth in the Russian market confirms that investors are not ready for certain purchases in terms of the tense atmosphere on the background of trade conflicts in the world, and before a two-day EU summit, which starts on Thursday, June 28. The inability of oil prices to consolidate the success also limits the potential of domestic indexes.
InstaForex companies group