The Russian stock market on Tuesday began the trading session higher
The Russian stock market on Tuesday started trading with recovery. To date, the major stock market indicators add an average of 0.2%. Among the leaders of demand are allocated the shares of NCSP and Uralkali. Pressure remain paper “Pharmacies 36.6” and “FosAgro”.
External environment to the new session developed heterogeneous. Us indices finished the last trading massive sales. Index futures S&P in premarket trading in green.
The price of black gold, by contrast, is added. A barrel of Brent crude oil is now $66,58 (+0,8%). Tonight, the U.S. will begin to publish the latest statistics on stocks of oil and oil products. First, as usual, speaks the American petroleum Institute. Average expectations based on the results of market surveys and studies Bloomberg, shows the probability of growth of oil reserves of 2.5-3.2 million barrels.
The pair Euro/dollar on Tuesday morning maintains the momentum for improvement and costs of 1.2343. Today opened a two-day meeting of the Federal reserve system of the United States, to which this time the attention of more than close.
The Russian ruble strengthened at the start of trading Tuesday in a basket of currencies. The U.S. dollar is worth 57,66 RUB (-0,3%). The probable range of fluctuations in the USD/ruble today is 57,50-of 58.00 RUB EUR/RUB protorguetsya within the boundaries of the 70,80-71,40 RUB.
Index Mosberg on Tuesday will maintain its position within the corridor 2260-2300 points.
Rosstat published data on industrial production in Russia for February. Growth amounted to 1.5% compared to the same month last year. In relation to January 2018, the slowdown in the rate of growth of industrial production, as at the end of the second month of winter, the increase was 2.9%.
After the fall production in November and December last year, the industry returned to the process of recovery: since the beginning of the year industrial production increased by 2.2%.
However, to rejoice too early, according to Rosstat, if we exclude seasonal factors from the February rate, the industry is now in decline by 1.3%. If the statistics disappoint markets, the financial departments were ready. The economic development Ministry and the Central Bank warned about a possible decline after a surge in January.
For the year, to summarize the consensus forecasts by various agencies and financial institutions, the growth of industrial production will amount to 2% to 2.5%.
On Tuesday, the meeting of the Board of Directors will hold a “FosAgro”. The meeting of the Supervisory Board held the “savings Bank”.
Bank of Australia released the minutes of the meeting on monetary policy. UK will present statistics on inflation. Germany will release the ZEW economic sentiment index. Data on commercial oil reserves will be published in the United States.
The Director of analytical Department,