Stock markets again listen to trump fear

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In global stock markets on Wednesday 11 July was dominated by the correction sentiment, after rising the day before. The markets came under pressure on news that the US is preparing an additional 10% duties on Chinese goods worth $ 200 billion. The PRC in turn announced that it intends to urgently contact the claim in the WTO if the US do it.
American stock indices in early afternoon trading in the U.S. this background was reduced to 0.6-0.7% since the start of trading. Western European markets Wednesday night declined 1.3-1.5%. Regional trading platform has received additional pressure from the escalation of geopolitical risks on the background of statements of the President of the United States Donald trump that Germany is under the control of Moscow, because Russia pays for gas “billions”. In this case, States are not required to protect Germany, the head of the US administration.
The Russian market on Wednesday, retreating against an external negative and after updating on the eve of a historic high index Mosberg. The fallen in price oil has supported the correction value of Russian assets.
The growth leaders were preferred shares of “Tatneft” (+1,4%), the shares of NOVATEK (+0,9%), “Yunipro” (+0,5%).
The stocks of Norilsk Nickel (-4%), KAMAZ (-2,6%), Mechel (and 2.8%).
In General, the ruble indicator Masuri to closure decreased from the start of trading on 1,23% – to 2336,15 item, dollar-denominated RTS index by 1.34% to 1186,36 points. Expect the next auction index Mosuri will hold in the range of 2280 -2380 points, and RTS – in the hallway 1170-1200 points.
In the evening, the ruble declined against the dollar and stabilized the Euro in the correction. The dollar 19.49 MSK increased by 0.5% to 62,04 of the ruble, the Euro by 0.06% to 72,60 of the ruble. In the next session, the U.S. currency will fluctuate in the range of 61.5-62.5 rubles, euros – in the hallway, 72-73,2 rubles.
Ivan Marchena,
GK Forex Club