Stock markets are nervous, trump is again trying to quarrel with China

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In the global stock markets on Friday 15 June was dominated by negative sentiment. Introduction trump new duties on imports from China again raised the question of trade wars and, accordingly, have lowered risk appetite. Import duties of 25% on imports from the PRC apply to products with a volume of $ 50 billion per year, which is about 10% of Chinese exports to the United States.
In the end, U.S. stock indexes early in the day, the U.S. was down 0.4% to 0.9%. The main Western European markets has decreased by 0.5% and 1.7% for the index. Thus, annual inflation in the Euro area in may amounted to 1.9%, as analysts expected, against the revised level of 1.3% in April.
The Russian stock market during Friday played a failure of the oil market in the area is 73 dollars per barrel for Brent.
Respectively, shares of LUKOIL fell 0.9%, “Gazprom” – on 1,2%, “Surgutneftegaz” – on 2,7%. The weakening of the ruble paper of the savings Bank fell by 2.2%.
Rose paper Uralkali (+4,7%) amid reports that this is one of the largest producers of potash fertilizers started placement of 150 million of preferred shares.
Preferred shares of “Tatneft” have grown on 3,8%, actions “Severstal” – on 1,3%.
In General, the ruble indicator Masuri to closing has decreased over the day by 0.71% to 2237,53 points, the dollar index of RTS – 2.10% to 1117,04 points.
Expect the next auction index Mosuri will hold in the range 2190-2290 points, and RTS – in the hallway 1087-1147 points.
In the evening, the ruble declined against the dollar and the Euro against the failure of the oil market. At the same moderately hard decisions and comments of the Central Bank of the Russian Federation for monetary policy are unable to provide the Russian currency needs support.
In the end, the dollar 19.48 MSK grew by 0.9% to 63,17 ruble, Euro – by 1.1% to 73,32 ruble. In the next session, the U.S. currency will fluctuate in the range for 62.7-63.7 per ruble, the Euro – in the hallway of 72.7 73.9 per ruble.
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Ivan Marchena,
Analyst
GK Forex Club