Stock markets have adapted to the trading exchanges between the US and China

  • And
  • +A

Asian stock markets are quite endured a new round of trade war – trump is preparing to announce new import duties on Chinese goods to $ 50 billion, and Beijing, in turn, has declared readiness to return the favor. In General, nothing new. However, as events unfold, the situation may deteriorate, and fearing this, European markets were in disarray, starting bid differently. My colleagues looks like the CAC 40, which grows at 0.2 percent, while indexes of Spain and Italy started in the flat and still undecided with the motion vector.
In the Russian market also there is the influence of divergent factors. The absence of an Express flight from risk on the international markets has allowed the index Masuri to stay in positive territory, albeit with a symbolic growth. Meanwhile, RTS is reduced to within 0.5%, reflecting the fall of the ruble at the opening of trading due to the widespread growth of the dollar.
The pair dollar/ruble opened a significant gap up, in the area of 63,60 RUB and held near this level. The U.S. currency the day before inspired by the impressive us retail sales and fueled by the weakness of the Euro. Additional pressure on the Russian currency have a bearish sentiment on commodities where Brent continues to retreat, although movements are restrained.
Quotes of the Euro/dollar in the morning had to upgrade to 2-week lows, violating the integrity of the level of 1.1550. Moreover, despite the fact that on a short term basis has formed the signs of the oversold Euro, this loss can not be over – price it can go to lows around 1.15, if the inflation data in the Eurozone will be worse than expected, and the dollar will get a fresh boost to growth from consumer confidence, University of Michigan, which in recent years has shown good results.
____________
Nathan Lambert
Head of research,
Global FX