The Russian stock market positive because of oil and the U.S. stock

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On Thursday, the us stock market has shown modest but steady growth, and the same can be said about the dynamics of the oil market. January 10, the price of a barrel of Brent oil, although during the day slightly decreased, the evening turned to growth and increased by 0.22% to $61,54 per barrel.
The increase was mainly due to the market’s optimism on a compromise, found, probably, in the course of a telephone conversation between Donald trump and President XI Jinping in the question of the cessation of the trade war between the two countries. The Western media is reporting that Saudi Arabia since the beginning of 2019, reduced the production of 10 thousand barrels per day, and the market is also positive. Today, we are forecasting the dynamics of prices of Brent in the hallway $61,0-to 62.5 per barrel.
The us stock market was probably inspired by the growth, albeit modest, speech of the fed’s Jerome Powell. He stated, in particular, that low oil prices are beneficial to the U.S. economy. At the end of trading, the Dow 30 rose 0.51%, the S&P 500 index – on 0,45%, on Nasdaq – on 0,42%.
Asian stock markets with the morning show the same modest growth. Japan’s Nikkei 225 rises in price on 0,94%, Chinese index and Korean Kospi mostly “in the green”. The Russian stock market on Thursday rose, though not too much. The RTS index added 0.6%, while the index of Masuri rose by 0.83%. Today trading on the Russian market may open with small gains. Expect the RTS index today will remain in the range of 1000-1100 points, while the index Mosuri will show the dynamics in the 2400-2500 points.
Trading on ruble pairs today can open a small growth rate of the ruble. Expected for today the movement in the range of 66.5-67,9 rubles for US dollar and 76.8-77.8% and RUB for Euro.
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Natalia Milchakova,
Deputy Director of information-analytical center,
Alpari