Stock market: Sentiment international investors have gradually improved
The mood of global investors gradually improved after the widespread decline of indexes on wall street, Asian sites showed trading mostly in positive territory. European markets opened in different directions, with minor changes. Using the lack of news from the trading front, investors continue to evaluate the results of the quarterly reports, which, however, is not very pleasing. Russian benchmarks have started Tuesday trading with a drawdown. RTS falls within 0.5% in the first hour of trading, reflecting the correction of the ruble, which had reached 2-week highs against the dollar and the Euro.
The us dollar, touching the mark 62,14 RUB, went to recovery, while momentum is unconvincing because of the General uncertain dynamics of the American currency on Forex.
Despite the fact that the threat of a shutdown, which yesterday said trump was pushed to the background (because of the November congressional elections), the dollar remains vulnerable in the absence of a clear thrust to purchases of risky assets. However, the demand for currency may perk up in anticipation of the meeting of the fed, which the markets are waiting for confirmation of the course for further policy tightening. So in the coming days, the pair dollar/ruble can still be rehabilitated.
The dollar/yen is trading with a slight bullish bias within the day. The Bank of Japan made no impression on the yen, leaving its monetary policy unchanged. In this case the regulator decided to increase the flexibility of the bond yield, which is now able to deviate from zero. However, while this is only a small step forward, given the magnitude of the stimulus. The dollar/yen held above the level of 111.00, which can serve as a springboard for a new leap in the Northern direction, if the overall sentiment on the dollar improved.
Head of research,