The Russian stock market on Tuesday opened lower

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The Russian stock market on Tuesday opened lower. To date, the major indices of the Russian Federation are retreating at an average of 0.5%. Morning list of sales leaders lead papers VTB and “Rosneft”. Remain in positive territory shares of “Bashneft” and Bank “St.-Petersburg”.
The external background to today’s trading day formed a moderate. Us markets ended the last day limited shopping. Index futures S&P premarket reduced. Oil prices slightly adjusted, but because of the updates many months before the peaks it has little value.
Last night the black gold jumped to the peaks observed 24 Nov 2014 quite simply a news thread. Now a barrel of oil Brent is trading at $78,13 (-0,13%) pending formal publication of statistics on oil reserves in the United States. Tomorrow will be presented the same data from the energy Ministry.
The pair Euro/dollar on Tuesday morning, is slightly increased. Main trades are around 1,1930 (+0,05%). It seems that it returns the demand for the American currency.
The ruble in the beginning of the session slightly weaker to a basket of currencies. Investors are now a lot of mixed information from conversations about the inclusion of the printing press to help the companies under sanctions to large-scale purchases by the Ministry of Finance currency. At comparable prices of raw materials, the dollar a few years ago was much cheaper, now it is not happening in the presence of other interests. The U.S. dollar is trading at 61,91 rubles (+0,1%). The pair dollar/ruble will hold today’s session in within marks 61,50-62,85 RUB, EUR/RUB within the range of 73,50-74,55 RUB.
Index Mosberg while retreating, but if the outer film will not grow, “bulls” on the site will be back very quickly. Likely range of fluctuations of the ruble indicator today is 2310-2350 points, unchanged.
This morning China released statistics on the number of fixed capital investment, industrial output and retail sales for April. Basically the data was worse than expectations, which is not surprising. China has long faced economic difficulties and it is not a secret. The question is, at what rate will slow down economic growth of the country. While the rate is higher than predicted by the government: in April, the inflow of investments increased by 7% yoy instead of the expected 7.4%, in March the growth was 7.5% year-on-year.
Retail sales increased 9.4% year-on-year instead of the expected 10%, but overall domestic demand, China can be called stable enough. Today the country is one of the main factors of development, which has great potential.
Meanwhile, the pace of industrial production in China in April increased from 6% to 7% year-on-year.
The EU will present statistics on GDP growth for the first quarter and industrial production. The indicators are expected to be positive.
The annual General meeting of shareholders will hold TransContainer. Extraordinary General meeting the company will hold a “coke”. The register of shareholders for participation in the AGM closes “Gazprom Neft”, “IDGC of the South” and “MOEK”. The register for dividends closes “Tattelecom” and the Moscow exchange.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari