The Russian market began trading Tuesday weak sales

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The Russian stock market began trading Tuesday weak sales. To date, the leading stock indexes fall on average by 0.4% in the number of morning favorites are shares of “Mosenergo” and “Russian grids”. In the negative zone traded securities of a “System” and “M. Video”.
The external background to the session on Tuesday is a favorable. U.S. markets ended the previous trading in the green, the index futures S&P premarket reduced. Morning commodity market is trading in positive territory. A barrel of North sea Brent costs $62,34 (+1,05%).
The pair Euro/dollar this morning, continuing the planned trend. Key trades are about 1,1380 (+0,24%). Interest to the American currency remains reduced – investors have already factored in the price of a break in the trade confrontation between the US and China, but against this background, the demand for the dollar as a safe currency is low.
Russian ruble moves mixed in a basket of currencies. Per dollar now give 66,44 RUB (-0,12%). Today the pair dollar/rouble will be in the range 66,30-66,85. The pair Euro/ruble will potorguemsya in the hallway 75,30-75,95 RUB.
Index Mosberg today consolidating within the boundaries of the marks 2415-2450 points.
Tomorrow in Moscow the meeting of presidents of Russia and Venezuela. Vladimir Putin and Nicolas Maduro will discuss further development of trade relations. In recent years, due to sanctions and the crisis in a Latin American country trade between the two countries has dropped significantly, according to year-end 2017 trade balance of Russia with Venezuela decreased by 79%. Turnover does not exceed $80 million. it is Worth noting that the decline in turnover in monetary terms, influenced the weakening of the Venezuelan Bolivar.
Ahead of the OPEC meeting meeting between the two leaders was particularly important as countries need to develop a common position on further regulation of the market, as both Russia and Venezuela are interested in high oil prices. Because of the crisis, production in Venezuela is unstable, so the country more than fulfill the agreement. Statement following the meeting, the two leaders can impact on the dynamics of oil prices tomorrow.
Tuesday’s interest rate decision took the Bank of Australia it has remained unchanged at 1.5%. Just pay attention to the minutes of the meeting of Committee of the Bank of England’s financial policy and the index of business activity in the construction sector in the UK.
The register of shareholders to receive dividends will be closed “Severstal”. Operating results for the November release of the Moscow exchange. A meeting of the Board of Directors will hold a gold mining company “Polyus”.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari