The Russian market is recovering along with the ruble

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Having picked up mostly positive tone for foreign sites where Chinese stocks rebounded decently, the Russian stock market continues to lick his wounds. Positively on the attitude to risk reflected a softening of rhetoric trump, who suggested China to renew trade negotiations, and Beijing agreed.
Index Mosberg growing up 0.65%, while the RTS raliroad more than 1% in response to the further strengthening of the ruble. The us dollar is testing the area of 68,30 RUB is approaching support in the form of a 20-day moving average.
Brent crude corrected from highs above 80, reached the day before.
Shares of “Sberbank” develop the strength of the recovery. At yesterday’s Senate hearings of the US sanctions was not mentioned in the question about disabling banks from dollar payments that brought relief to the banking sector of the Russian Federation. So, after yesterday’s ascent, today, quotes of Sberbank jumped more than 4%.
ALROSA and Siemens Russia signed an agreement on cooperation in all spheres that are of mutual interest. In particular, the parties plan to explore the possibility of implementing projects in the field of energy, industry and science. Thus, in the framework of cooperation between Siemens can supply equipment to generate and provide electricity to the objects of ALROSA and audit grids. However, investors do not hurry to respond to these messages – the shares of the Russian diamond mining company, traded down by 0.3%.
Soon the ECB and the Bank of England will announce its monetary policy decision. The European regulator will affect the dynamics of the Euro across the market, including in tandem with the ruble, which may continue to pullback from recent highs in the case that Draghi will be careful, and economic forecasts will be revised downward.
In General, the preservation of the positive dynamics in the segment of risky assets may provide the closure of the Russian indexes in the green zone after today’s session.
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Igor Kovalyov,
Analyst
InstaForex companies group