Stock markets are waiting for the development of the theme of trade wars, the ruble has recovered

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Global stock markets on Wednesday 12 September witnessed a contradictory mood. Investors in the oil and gas sector shares play attempts the cost of oil to gain a foothold in the key level of $ 80 per barrel for Brent. At the same time, pressure on the markets supported by the statement by Donald trump that the U.S. elected a “tough stance” on the issue of trade with China. Against this backdrop, us stocks in early afternoon trading in the US has changed multidirectional within 0.8%.
The main Western European markets on Wednesday evening, grow in the correction of 0.5% to 0.9% for the index.
Moderating influence on growth has provided data on the decline in July of 0.8% in industrial production in the Eurozone in June and 0.1% – over the same period last year. Analysts had expected a decline of 0.5% growth and 1%, respectively.
Russian stock indexes on Wednesday rose against the background of high oil prices and strong growth of the ruble against the dollar and the Euro.
The leaders of growth were shares of “RUSAL” (+9,8%), podsalivaya day by about 25%. GDR En+ (+3,9%) also rose on news of possible government assistance, Russia’s largest producer of aluminium, faced with U.S. sanctions. Shares of AFK “System” (+2,8%) and “Children of the world” (+0,7%) rose on news of high demand for the package of the retail network sold Yevtushenkov.
Also the shares rose in Raspadskaya (+4%), papers of Sberbank (+2.7%) and VTB (+1.5 percent) rose amid growth of quotations of OFZs and the ruble against the dollar and the Euro.
Fell preferred shares of Surgutneftegas (-2,4%) on the falling dollar. Papers “LUKOIL” fell by 1.8%, “the Pole” – on 1,2%, Yandex – 1.3%.
In General, the ruble indicator Mosberg to the closure with the start of trading rose by 0.23% to 2340,63 points, the dollar index of RTS – on 1,46% to 1071,32 points.
Expect the next auction index Mosuri will hold in the range 2290-2390 points, and RTS – in the hallway 1055-1085 points.
Ruble in the evening significantly adds to the dollar and the Euro for a second day, reacting to high oil prices and the verbal intervention of high-ranking officials in favor of the ruble. The dollar 19.27 GMT decreased by 0.8% since the start of trading to 68.82 ruble, the Euro by 0.7% to 80,01 of the ruble. In the next session, the U.S. currency will fluctuate in the range of 68.2-69.4 ruble, Euro – in the hallway of 79.3-80.7 ruble.
Ivan Marchena,
GK Forex Club