The Russian stock market on Wednesday began the trading session higher
The Russian stock market on Wednesday began the trading session higher. To date, the major benchmarks added to an average of 0.3%. A list of the morning leaders demand stocks “Yunipro” and “NOVATEK”. In the negative zone remain paper “Bashneft” and “Akron”. Today on the site there are those investors who are usually absent during the Christmas holidays. This means that market fluctuations will become more logical and targeted.
During the day the register of shareholders to receive dividends will be closed “Tatneft” and “NCSP”. A meeting of the Board of Directors will conduct CDD “OVK”.
The external environment for today’s session was formed. American markets closed the bidding Tuesday in positive territory, futures on the S&P in premarket upwards. Participants in overseas trading calmly took the initiative of lawmakers to suspend the lifting of sanctions against the Russian aluminum companies until the moment of receipt of the relevant explanations. At the same time, weak U.S. data on Monday has already been priced in. Oil prices continue to rise. A barrel of Brent is $59,40 (+1,2%). Published statistics from the API showed a marked decrease of crude oil reserves (million barrels -6,13) that was a good support for the bulls in raw materials.
The world Bank has lowered the forecast oil prices for the next two years. This is stated in the January report of the Bank on the prospects of the world economy. According to the financial institution, the average price per barrel of oil in 2019-2020 will be $67, which is two dollars below the previous forecast. It is worth noting that close to the heart of the deterioration of the forecast to perceive is not necessary, as his accuracy is very low and everything can change.
EUR/USD moderately expensive. Key trades are about 1,1470, investors are only watching what is happening and assess the weak German statistics which were published yesterday.
Today it is expected a large number of statistics. The EU will publish data on unemployment. The UK will provide an estimation of the GDP growth. Speech by Bank of England chief mark Carney. The Bank of Canada will announce rate decision and publish a report on monetary policy. In the U.S. will be published FOMC minutes.
The Russian ruble retreated in the first hour of trading in a basket of currencies. The US dollar was trading at RUB 67,10 (+0,3%). The likely range of movement in the pair dollar/ruble on Wednesday is 66,85-67,55 RUB EUR/RUB will remain within the boundaries of 76.80-77,55 RUB Mosberg Index will hold today’s session in the corridor 2375-2405 points.
Deputy Director of information-analytical center,