Stock markets: Trade negotiations, China and the United States gave hope for growth

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On world markets there is a widespread interest to purchase risky assets. After the indexes wall street has grown up Asian courts and European futures added on the average on 0,7% before the official start. Investors are closely watching the negotiations between the US and China. No specifics on that front, until it arrives, but the players enough that representatives of both countries warn of a fruitful dialogue and progress in resolving trade issues. Official confirmation of positive developments could further support the risk appetite during the day.
The Russian market has opened in positive territory following the example of their foreign colleagues. Index Mosberg and RTS added 0.44 percent and 0.2 percent, respectively. The dollar index feels insecure amid weakening of the ruble in the beginning of the session environment, the pair dollar/ruble is testing the mark of 67 rubles., trying to resume growth after five days of aggressive drop from the highs near the psychological level of 70 rubles. However, given the positive attitude to oil and risk assets in General, and a new wave of sales of dollar in the Forex market, the Russian currency can return to recovery after partial fixation of profit, if the atmosphere will remain favorable.
Today the economic calendar is not eventful, and therefore all the players ‘ attention will be focused on the political situation in the United States, as well as speeches of representatives of Central Banks. From the U.S. Federal reserve will act Bostic, Evans and Rosengren, and in Britain comments will be presented by the head of the Bank of England Carney. At the end of the day the fed will release the minutes from its December meeting, which can strengthen the pressure on the dollar, if will signal that the regulator is indeed planning to take a pause in raising rates.
Nathan Lambert
Head of research,
Global FX