The markets will take a break until the decision of the U.S. Federal reserve

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After some signs of fading interest in risky assets, the resumption of rising bond yields returned to the stock markets into positive territory against the background that the Russian stock indexes also settled in the area of growth. However, the rise of the index Mosberg prevents the currency factor – the ruble pushed the dollar to around 66 rubles, developing a rebound from the lows of February. RTS, meanwhile, increased by less than 1 percent.
European stocks are rising in hopes of dovish rhetoric of the fed in the framework of the minutes of the previous meeting, which will be published tonight. Meanwhile, trump reiterated that it was still not ready to conclude a trade deal with China that constrains investors ‘ optimism, as political crisis in Italy, where Prime Minister Conte resigned.
In the currency market, the Euro/dollar is trading flat in anticipation of the fed minutes and tomorrow’s data on business activity. The players are not in a hurry to buy the single currency, fearing the confirmation of the slowdown in economic growth in the region, which in turn will increase the chances of promulgation of a package of stimulus measures the ECB next month.
Oil meanwhile is moving up after the breakout of the level of 60 dollars per barrel, the proof of which will be a daily close above this psychological level. To interrupt the current rise can report Ministry of energy, if appears to be worse than estimated and API will reflect the growth of shale production. Now in the role of the nearest support is the level of $ 60, followed by region $ 59 per barrel.
Arseniy Dadashev,
Academy of management Finance and investment