The Russian stock market fell before the weekend in the US

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The world stock markets on Tuesday 3 July there was conflicting sentiments. The upward correction in oil prices supported the quotations of major American companies in the sector. On the other hand, the risks of trade wars weigh on global markets. Customs duty for 545 items entering the United States in the amount of approximately us $ 34 billion, will be effective from 6 July. It is likely that the response of China will not force myself to expect.
In the end, the American stock indexes at the beginning of the day in the United States ranged multidirectional within 0.2%. The main Western European markets was increased by 0.6-0.9 percent in the indexes. Regional markets got support from easing of political tension in Germany.
The head of the Christian social Union (CSU) Horst Seehofer said that his party has reached an agreement with the Christian democratic Union (CDU) led by Chancellor of Germany Angela Merkel on the issue of migrants. This will help him stay on a post of the Minister of internal Affairs of Germany and avoid a government crisis.
Russian stock indices dropped on Tuesday, investors were placed in quotations the risks of weakening business activity in global markets in connection with the celebration of U.S. independence day (July 4).
The leaders of decline were shares of Sistema JSFC (down 2.3%), “Surgutneftegaz” (-1,9%), X5 (-4,1%), “Rosneft” (-1,2%), LUKOIL (-1,2%).
Increased shares of “Aeroflot” (+2,1%), “Gazprom oil” (+1,2%), ALROSA (+0,7%).
In General, the ruble indicator Masuri to close has decreased for the day 0.76% to 2301,65 points, the dollar index of RTS – on 0,36% to 1147,47 points.
Expect the next auction index Mosuri will hold in the range 2250-2350 points, and RTS – in the hallway 1130-1160 points.
In the evening the ruble slightly higher against the dollar and the Euro against the background of attempts of correction of the oil market up.
The dollar 19.32 MSK decreased by 0.3% to 63,22 ruble, Euro – by 0.2% to 73,63 of the ruble. In the next session, the U.S. currency will fluctuate in the range for 62.7-63.7 per ruble, the Euro – in the corridor 73-74,2 rubles.
Ivan Marchena,
GK Forex Club