The Russian stock market may suffer from a fall in oil demand
The Russian stock market on Thursday afternoon traded mixed. The RTS index plus, while the index of Mosuri in symbolic red. Index Mosuri will hold today’s auction in the hallway 2550-2590 points. Trees certainly do not grow to heaven, but the dividend cut-off and high oil prices should be an important factor in the growth of quotations of Russian shares in the medium term Brent of about $71.
Pessimists fear a slowing global economy and, as a consequence of falling demand for black gold. However, probably, the policy is over — the civil war in Libya reduced supplies from Iran and Venezuela. The ruble strengthened. The corridor is expected today on the pair dollar/ruble is 64.6-65,0, Euro/ruble — for 72.8 and 73.1.
As you know, at a meeting in the Kremlin on April 8, the talks between Vladimir Putin and Recep Erdogan, the parties were unable to agree on the price for Russian gas that must be supplied to Turkey through the new pipeline. This fact is more than strange, since usually this kind of issues are worked out before the start of such large-scale investment projects, because it directly affect the pay-back period, the credit ratings of participants, etc. In this regard, is not excluded by a special “garter” of the issue to delivery of s – 400 for the Turkish army and to have arisen on this occasion, the conflict between Turkey and the United States.
Trade negotiations between the United States and China have stalled and are unlikely to lead to the conclusion of a compromise agreement, because the American side insists on unilateral transparency and accessibility of the whole sphere of high technologies of China for its control, which is categorically unacceptable for Beijing.
EUR/USD – 1,127. Today you should pay attention to the EU summit on the issue of Brexit, the ECB meeting and the publication of minutes from the March fed meeting.
Director of information-analytical center,