The Russian stock market on Monday began trading rise

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The Russian stock market on Monday began trading rise. To date, the main benchmarks are rising on average by 0.3%, the pound will remain under stocks of “Detsky Mir” and “System”. In the remain of the paper “Mechel” and “BSP”. Shares in NOVATEK to continue to go up (+1.13 per cent, 1163 RUB), the company remains impetus to the expansion of capitalization and still passes on this indicator, the former leader of sector “Gazprom”.
The external environment for today’s session formed mixed. Us markets closed trading on Friday in negative territory, futures for the S&P index grows slightly in premarket trading. The price of oil upwards. A barrel of Brent is $77,56 (+0.9 percent), the barrel of WTI is trading at $of 68.24 (+0,7%). Friday’s report on the number of drilling rigs in the United States from Baker Hughes showed no change (1048 units as the previous week), as well as a noticeable decline in active oil rigs in Canada.
Euro/dollar this morning continues to decline slightly. Last Friday, the dollar received significant support after the block of statistics on the employment market in the US for August, wages in the country last month rose at the fastest pace since 2009 (+0,4% in monthly comparison), NFP is also pleased. Key trades are about 1,1550. Statistics calendar today is not the most intense: in the afternoon should pay attention to the data on the Eurozone index of investor confidence from Sentix for September where it is expected a deterioration. Tonight the U.S. will release a report on July consumer credit.
Russian ruble slightly adjusted in the first hour of trading in a basket of currencies. The U.S. dollar is trading at 69,87 RUB (-0,05%). The likely range of movement in the pair dollar/ruble on Monday is 69,75-of 70.35. Euro/ruble will remain within the boundaries 80,40-81,00.
According to the Wall Street Journal, Donald trump is considering whether us forces to strike porossiysky iranskim military in Syria in the event of an attack against Syrian government forces. The newspaper’s sources said that Syrian President Bashar al-Assad “has approved the use of chlorine during the attack against the last major rebel stronghold in the country”, which is considered to be the province of Idlib. It could trigger a retaliatory strike of the us armed forces, the publication adds.
Geopolitical tension rolls, however, from our point of view, a direct conflict between Russia and the US are very unlikely. Which, of course, does not exclude collisions involving PMCs. Another thing is that PMC is not a casus belli. Suffice it to recall the relatively recent sad story of the collision of fighters of Wagner with the Americans in Syria.
With high probability the markets will be responsive to the news on sanctions against Russia or Russian companies. However, to ignore political and military news or media publications. Speculators believe in the wisdom of Moscow and Washington. While relations between the two countries, and so worse than ever, and all the negativity is already in the quotes of the Russian ruble and chips.
Index Mosuri will hold another auction in September in the corridor 2315-2345 points.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari