The Russian stock market continues steady growth

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Due to the positive external background, the Russian stock market continues growth. Index Mosberg up 1.18%, while the RTS index added 1.68 percent. It is worth noting that the main driver for yesterday’s growth of stock indexes of the Russian stock market was oil prices. Concerns associated with restriction of oil supply from Iran, Venezuela, Libya, and Canada on the world market, creating opportunities for the stabilization of oil prices and the growing trend to growth. Major market participants are investing in commodities and not in a hurry to get out of the market.
A significant role in the growth of the Russian stock indices also had the most liquid shares of Sberbank JSC (MCX: SBER) gained +1.45%. After good statements of Sberbank for 6 months of this year, net profit rose nearly 26% shares of Gazprom (MCX: GAZP) was up +2.2% overcoming negativity associated with the arrest of foreign assets of the company in a court dispute with the “Naftogaza of Ukraine”. Also due to the increased volume of turnover of shares of the company KAMAZ (MCX: KMAZ), soared by nearly +5%. The General background for the Russian stock market can be described as positive with a clear tendency to further growth.
The us stock market, as expected, showed the greatest growth in the last month. The Dow Jones soared by +1.31 percent, the S&P 500 index and NASDAQ increased by 0.88%. Such support indexes mainly by the financial sector and the beginning of the reporting companies in the US. Usually, this occurs after the beginning of the reporting leading banks JPMorgan Chase & Co (NYSE: JPM), Wells Fargo (NYSE: WFC) &Co and Citigroup Inc (NYSE:C) who will report to the current Friday.
Therefore, the us stock market will be extremely volatile. All will depend on how will be accountable to the company for the second quarter. The American market will not influence the external factors and company reports, as this period is extremely important for market participants to make trading decisions in securities companies. The balance of positive and negative reports will have on U.S. stock indexes, stabilizing the pressure in each individual sector and the overall market.
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Gaidar Hasanov
Expert
“International financial center”