The Russian stock market began a short week growth
The Russian securities market on Wednesday was launched in the positive zone. To date, the major stock market indicators move in different directions. Among the outsiders of the morning featured papers “Akron” and “KAMAZ”. Positive traded shares of “MegaFon” and “MMK”.
The external environment for today’s trading day was moderately negative. U.S. markets ended the previous session a slight disadvantage, the index futures S&P premarket growing.
Oil prices this morning are held in the “red” zone. Investors started to worry about the approaching June meeting of OPEC in Vienna (22.06-23.06). As soon as the date gets closer, leaks talk of a possible production increase at the official level. That would be a logical continuation of the story that worked on the raw materials market earlier, when the United States turned to Saudi Arabia and other countries in arrangement to increase the daily pumping of oil by 1 million barrels. Now we are talking about the increase by 0.5 million barrels. A barrel of Brent is now $75,43 (down 0.6%).
Euro/dollar is trying to grow in the first half of the day. This morning EUR/USD is trading around 1,1750 (+0,05%). The next few days for the currency pair will be very volatile today the market’s attention is riveted to ending the fed, and tomorrow the focus will shift towards the ECB meeting.
Russian ruble in the first hour of the session environment is cheaper in a basket of currencies. The US dollar is 63,15 RUB (+0,5%). The pair dollar/ruble will hold today’s session in the hallway of 63.00-63,85, Euro/ruble – in the range 73,85-74,55. Today will be the standard of the Ministry of Finance auctions on placement of OFZ in the amount of RUB 20 billion, they should be careful: earlier in the sector’s debt was massive sales.
Index Mosberg protorguetsya Wednesday in the range 2270-2295 points. In the case of repeated breakdown of support at 2275 points the bears increase the pressure.
Last Tuesday, Turkey was solemnly opened the TANAP pipeline, which is designed to supply gas from Azerbaijan to Europe. However, gas supplies to the European Union will begin no earlier than 2019. By this time the Russian will be implemented the project “Turkish stream”, through which it is also planned to supply gas to European consumers and Turkey.
Unlike TANAP capacity of the Turkish stream will be limited in the amount of both lines will allow transporting of 31.5 billion cubic meters of gas, respectively, the European market, Russia can offer only 15.75 billion cubic meters while via TANAP at the initial stage will be 10 billion cubic meters of gas by 2023, the capacity is planned to increase to 23 billion cubic meters, and by 2026 – to 31 billion cubic meters. This will be possible due to the commissioning of the remaining parts of the southern gas corridor. Thus, the competition for the European gas market increases.
Interestingly, the President of Ukraine Petro Poroshenko also expressed interest in new gas pipeline TANAP. But do not forget that the presence of two gas pipelines in Turkey, Russian and Azerbaijan will lead to the fact that gas supplies through the Ukrainian gas transportation system will begin to decrease, and therefore, Ukraine will lose transit.
Today the register of shareholders to receive dividends will be closed “IDGC of Volga and FosAgro”. A meeting of the Board of Directors will hold “inter RAO”. The monthly report publishes the International energy Agency. The meeting will be fed and the Eurogroup.
The Director of analytical Department,