Stock markets: we Talk about full growth earlier
Despite some easing pressure on higher-yielding assets, to speak about full-fledged recovery of demand for risk yet. On the eve of Beijing, Washington signaled a readiness for a new round of talks. While China has stressed that he wants to see the cancellation of the last scheduled tariffs, some of which will take effect this Sunday. Thus, the tension on this front is maintained, despite a softening of rhetoric of the parties.
So, after a rise of indices in Asia, European markets opened in positive territory, but the optimism seems fragile and oil prices stalled just above $ 60 dollars, showing the signs of fading bullish momentum. On this background the index of Mosuri and RTS, which started in positive territory, rising between 0.2% and most likely in the short term, the potential recovery will be limited, especially given the factor of Friday and the imminent entry into force of the new tariffs of the USA, which can cause further escalation of the trade conflict.
Forex is dominated by the dollar bulls. The U.S. currency strengthened against the Euro and the pound and only slightly inferior to the Japanese yen, which fell two days in a row. Today, States publish data on personal consumption expenditures and consumer confidence the University of Michigan. The results can affect the short-run dynamics of the dollar pairs, but a greater impact on them will continue to provide yields of treasuries, which is recovering, giving strength to USD.
___________________ Arseniy Dadashev,
Academy of management Finance and investment