The Russian stock market opened higher after the us sites

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The Russian stock market on Tuesday opened in positive territory. Major benchmarks at the beginning of the session, is added within 1%. Leaders demand this morning included the shares of “Rostelecom” and “MMK”. Under pressure were shares of LSR and “IDGC of Centre”.
The external environment for today’s trading was positive. The American market closed the previous session visible shop at the site there has been a foreclosure of the previous wave of sales. It, by the way, can be considered completed and not too effective. Index futures S&P premarket is in the zeros. The commodity market is drifting in a weak positive territory on expectations the publication of the updated data on stocks of oil and oil products from API and EIA. On the market do not exclude that the oil reserves in the terminal Cushing could dramatically decrease. A barrel of North sea Brent oil in the first half of the day is $64,64 (+0,15%).
The pair EUR/USD this morning, slightly growing. Key trades are about 1,2350 (+0,1%). The attention of investors back to the decision of the administration of U.S. President Donald trump to raise the import duty on steel and aluminium: now the participants believe that the likelihood of a trade war, against this background it is small. On the eve of the comments made by the speaker of the house of representatives Paul Ryan, who believes that the duty is not to promote it, as it is unsafe for the economy.
The Russian ruble began trading Tuesday a slight decline in a basket of currencies. “American” in the first minutes of the session cost 56,51 RUB USD today I will try to stay within the framework of the side trend within the range 56,30-57,10 RUB.
Index Mosuri will hold its regular March session at the boundaries 2280-2330 points. The higher the indicator climbs, the ruble, the less investors are willing to continue to buy.
The economy of China at the end of 2017, ranked second in the world after the United States, this was stated by Chairman of the state Committee of China development and reform Hae Lifeng in the framework of the ongoing Beijing session of vsekitajsky meeting of national representatives. In monetary terms at the end of last year, China’s GDP is 82.7 trillion yuan or $12.2 trillion. Thus, the country ahead of Japan but lags behind the U.S. economy $7 trillion.
In 2018, the Chinese government will try to keep the pace of economic growth in the area of 8,5%-8,6%, the emphasis is on the growth of domestic consumption. Because the standard of living in the country increases, the consumption also progresses. Conditions in foreign markets may deteriorate due to the introduction of various trade barriers of its competitor countries, particularly the United States.
On Tuesday an extraordinary General meeting of shareholders will hold the company “Russian Aquaculture” and Qiwi. Financial statements according to IFRS for the year 2017 will publish “Rostelecom” and JSC “MMC Norilsk Nickel”. A meeting of the Board of Directors will hold “Rosneft” and “KAMAZ”.
Interest rate decision announced Bank of Australia: it remained unchanged (1.5 percent). In addition, Australia released data on retail sales, which were worse than expected. The increase in January was only 0.1% m/m. the Index of business activity today will publish Canada.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari