The oil does not impede the growth of Russian shares

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Russian stock market ends trading week strong growth. The main growth driver is the increase in oil prices. With the decline in oil production by Saudi Arabia will provide the oil prices stable growth in the nearest future. The high activity of investors in the oil and gas sector will allow to grow such companies as “Gazprom”, “Rosneft”, “LUKOIL”, “Tatneft”. On average, companies can grow at 1.4%. As for the mining and metallurgical industry, there is also all right.
We expect a good growth stock: Mechel, Severstal, ALROSA. On average, the company could grow by 0.8%. From the banking sector the shares of “Sberbank” and “VTB” the average added 0.7% to 1.2%. Stock company “Magnit” from the opening order added 0.7% after the former Director of shop “the Tape” was appointed President of the “Magnet”. The stock can continue to rise by 1.5% next week, as investors actively buying them. In General, the Russian stock market looks attractive for investors.
Wall street continues its strong growth. The Dow Jones Industrial Average closed up 0.67% to 24 370,10, below its intraday high of 24 474,46. S & P 500 added 0.76 percent and the Nasdaq Composite rose 0.71%. Wall street lost some gains as investors hope that in the near future the trade agreement the US and China manage to strike the press-Secretary of the Treasury.
The press Secretary has reviewed the report, which said that U.S. officials warmed up the idea of lowering tariffs on Chinese imports, to convince Beijing to consider a deeper concessions in trade. Neither the Secretary of state Mnuchin nor Ambassador Leitheiser nobody gave any recommendations in respect of tariffs or other parts of the negotiations with China.
Caterpillar (NYSE: CAT) and Boeing (NYSE: BA), both a barometer of world trade, given their substantial international exposure, closed down more than 2%, providing support to manufacturing and the broader market. The industry also rose thanks to defensive stocks after President trump has outlined a renewed strategy for missile defense. Northrop Grumman Corporation (NYSE: NOC) and Lockheed Martin Corporation (NYSE: LMT) ended the day higher. Fastenal (NASDAQ: FAST), a major distributor of industrial and construction materials also played a role in the broader growth after it reported earnings that topped consensus estimates. Shares rose almost 6%.
Meanwhile, the energy companies ignored the drop in oil prices amid concerns about weak demand and rising production in the United States. Financial indicators continued to decline, despite the fact that the shares of Morgan Stanley (NYSE: MS) fell after their profits and revenues for the fourth quarter was above estimates. Citigroup (NYSE: C), JPMorgan Chase & Co (NYSE: JPM) and Goldman Sachs (NYSE: GS) ended the day higher. As for the other corporate profits, shares of Netflix (NASDAQ: NFLX) fell more than 2% after the close of the business day, according to a mixed report for the fourth quarter, which exceeded analysts ‘ expectations, but revenue missed expectations.
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Gaidar Hasanov
Expert
“International financial center”