The Russian stock market opened down under the pressure of geopolitics

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Asian stock markets grew on Friday, despite signs of further slowdown in the Chinese economy – manufacturing PMI fell to 50 points. European futures ahead of the official start of the CBE, but cautious optimism prevails.
The mood of investors, in fact, now there is no other important drivers, with the exception of the G20 summit, ahead of which the investors do not reduce risk, but not showing much interest in shopping.
The Russian market has opened in negative territory. It has its own history, assets play a messages that in connection with the incident in the Kerch Strait, trump has canceled a meeting with Putin on the sidelines of the summit. However, today began to appear contradictory information on this issue – there are reports that the dialogue could still take place, but in a slightly different format.
Index Mosberg and RTS in the first hour of trading dipped 0.1% and 0.6% respectively. Index Masuri feels more confident due to currency factors, the ruble has declined more than 30% against the dollar and Euro after yesterday’s gains. The us dollar recovered above the level 66 RUB, gravitating to the area of 66,50 RUB.
In the Forex market the U.S. currency traded inactive and in different directions. The growth of care of players, the European currency went into negative territory, while the yen continues to be in demand, like protective gold, which strengthened the third day in a row and again takes aim at a level of 1230.
Statistics announced today, including the European inflation, market participants are likely to ignore, stocking up before the G20 summit, which set the tone for the majority of the assets at the beginning of a new week.
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Nathan Lambert
Head of research,
Global FX