Stock markets closed Tuesday growth
Most global stock indices fell growth. Not remained aloof from the General ebb and Russian securities. The ruble-denominated index Mosberg was up 0.58% while the dollar RTS index on the background of strengthening of the ruble against the dollar increased more by 0.68%. Among leaders of growth – Safmar (+11,65%) and TMK (+2,65%). The Dow 30 increased by 0.26%. Early in the morning of Wednesday published data on China’s GDP for the first quarter. The economy of China showed a growth of 6.4% yoy instead of the expected 6.3 percent. Against this background, the majority of indexes of Asia-Pacific countries increased by 0.1-0.4%.
With the exception of the Australian ASX, which was down 0.4%. Futures on the S&P 500 index traded in the morning at around 2915 p., 0.1% above the level of the previous day’s close. Morning growth of oil prices and most Asian sites set a very favorable external background before opening the Russian stock market. Likely day the corridor index Mosberg is in the range of values 2535-2585 points, RTS index — 1245-1270 points.
Following the stock market, against the price hike of black gold strengthened the ruble. At the end of the day on Masuria, the dollar calculations “tomorrow” fell to 64,0900 RUB (-17 kopeks), and the European currency declined to 72,3225 RUB (-30,75 COP.). The Euro has updated the lows from the second half of March. Strong growth in oil prices up to new local highs will help the ruble continue to strengthen. The expected daily range for the dollar is 63.4-64,7 RUB, for the European currency and 71.6-73,0 RUB.
Beginning Tuesday were no signs for the market of black gold is nothing new. Bidding started at $70.8 per barrel for Brent crude, most of the day, prices were trading sideways, and the beginning of the American session dropped to $70,4. Since then, they have sharply started to grow, and by the end of the day, reaching $71.4 per. At the end of trading, the growth was supported by the statistics of the American petroleum Institute, which reported a decline in oil reserves for the week by 3.1 million barrels after their growth by 4.1 million barrels in the prior week. In the morning of Wednesday the rise continued.
The price breaks a local maximum at $71,5 made last Friday, and went above $71,6, updating the highs from October of last year. Likely daily range for today’s trading, Brent crude is $70,9 is 72.3 per barrel. The medium range which is defined by the closest significant levels of support and resistance after breaking through resistance at $71,5 increased to $65,9 is 77.9. In the beginning of the American session its statistics on the change in oil inventories will be published by the energy information Administration of the United States. Expected weekly growth by 7.3 million barrels, against a growth of 7.0 million barrels in the prior week. _____________
Senior analyst at information-analytical center “Alpari”