Stock markets breathed a trade war will not

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The world stock markets on Tuesday 22 may was dominated by positive sentiment due to news from the negotiations between the US and China.
Washington decided to lift the ban on the sale of telecommunications equipment to the Chinese company ZTE Corporation. In turn, China earlier Tuesday said it will reduce import duties on American cars and auto parts.
In the end, U.S. stock indexes early in the day primarily in the United States increased – in the range of 0.2% since the beginning of the trading session. The main Western European markets rose on Tuesday on 0,1-0,7% on indices, reflecting a positive geopolitics. In addition, investors follow the news about the coming British exit from the EU. From 22 to 24 may in Brussels will host another round of talks on the topic, which will discuss the relationship of great Britain with the EU after exit from the block.
The Russian stock market on Tuesday has not demonstrated a single dynamics. High oil prices and a stronger ruble supported the dollar prices of shares, however, the latter factor gave rise ruble prices.
The leaders of growth – actions TMK (+2.2 per cent), preferred shares of “Tatneft” (+1,8%), “Gazprom oil” (+1,5%), Magnit (+1.5 percent). Decreased paper PhosAgro (-3,9%), Sistema (-1,3%), Raspadskaya (-1,2%).
In General, the ruble indicator Masuri to closing has decreased on 0,25% to 2326,87 item, dollar-denominated RTS index rose 0.85% to 1202,04 points. The decline of the dollar more than 50 cents provided the increase of the RTS index.
Expect the next auction index Mosuri will hold in the range 2280-2380 points, and RTS – in the hallway 1190-1220 points.
The ruble to the evening steadily strengthened against the dollar and the Euro on the background of active sales of foreign currency by exporters in the framework of the tax period. Oil is more expensive than $ 80 per barrel finally became more or less determine the exchange rate dynamics of the ruble.
The dollar 19.22 MSK decreased by 0.9% to 61,07 ruble, Euro – by 0.9% to 71,97 of the ruble. In the next session, the U.S. currency will fluctuate in the range of 60.5-61.5 ruble, Euro – in the hallway to 71.4-72.6 ruble.
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Ivan Marchena,
Analyst
GK Forex Club