The ruble and Russian stocks are popular among investors
On Wednesday, the ruble had developed the attack due to the demand from investors. USDRUB has lost 32 cents to 64.65, EURRUB fell by 30 cents to 72.45. It is equally important that the purchase of the Russian currency occurred on high trading volumes.
Since the beginning of the week increased demand contributed to a rally in the shares of Gazprom, and a record amount of accommodation by the Ministry of Finance of the Russian Federation Federal loan bonds. All together, this provoked the purchase of the ruble to further the acquisition of national securities.
An additional positive factor was the hints at easing of the sanctions pressure from the United States. Again raised hopes that sanctions will be later and not as serious as initially feared.
Thus, around the Russian currency creates enough positive news background. The additional positive impulse shopping gives a rebound in U.S. and Chinese stock markets. The authorities of both countries to convince investors of the readiness to conclude the bargain that he supports the demand for shares.
However, beyond short-term market reaction should not lose sight of the continuing pressure on the Australian dollar and Chinese yuan. It’s like litmus paper reflects the overall reduced demand for profitable assets. Thus, the yield of the us 10-year government bonds has updated the lows of the last 5 months, which demonstrates the attractiveness of protective securities.
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