The Russian stock market set to growth thanks to oil
On Tuesday, the President of the United States Donald trump has made a number of statements about trade relations with China, which with some reservations can be considered conciliatory. At least, they responded to the world’s major stock indices, most of which have finished day growth. Not remained aloof and Russian markets, but their growth is the merit of the shares of Gazprom, who announced the sudden and strong increase in dividends. The ruble-denominated index Mosberg gained 2.13%, the dollar-denominated RTS index on the background of strengthening of the ruble against the dollar has grown stronger by 2.81%.
Among leaders of decrease – actions “Gazprom” (+16,36%) and “Rostelecom” (+4,01%). The Dow 30 increased by 0.82%. In the morning of Wednesday the Asia Pacific region markets moved in different directions. Futures on the S&P 500 index traded in the morning at around 2845 p., 0.2% above the level of the previous day’s close. Morning moderate recovery of oil prices gives a chance for the continued growth of the stock market at the opening of trading. Likely day the corridor index Mosberg is in the range of values 2535-2590 points, RTS index — 1230-1255 points. Today “Rostelecom” will publish financial statements under IFRS for the first quarter.
After a rapid decline in the second half of the day Monday, Tuesday, oil prices managed to rise. Bidding started close to $69.5 per barrel for Brent, and in the evening the price rose to $71,1. The reason was the number of reported attacks on oil infrastructure in Saudi Arabia. Details of the incidents are few, but Saudi Arabia and the United States are given to understand that the attacks, ostensibly, Tehran.
Later in the evening came the report of the American petroleum Institute, which reported an increase in oil inventories for the week to 8.6 million barrels, after rising by 2.8 million barrels in the prior week. Because of this, prices to the end of the day, corrected to USD 70.3. After night fall, in the morning of Wednesday the price per barrel rose to $70.5. Likely daily range for today’s trading, Brent crude is $69,8 is 71.2 per barrel.
The medium range which is defined by the closest significant support levels and resistance was reduced to $69,0-72,0. At the beginning of the American trading session data will be released energy information Administration USA change oil reserves. Is expected to rise to 3.0 million barrels for the week after declining by 4.0 million barrels in the prior week.
After oil and the stock market the day before has considerably strengthened the ruble. At the end of the day on Masuria, the dollar calculations “tomorrow” fell to 64,9700 RUB (-46 COP.), and the European currency declined to 72,7500 RUB (-70 COP.). The difference in the dynamics between two currencies is the decline of the currency pair EUR/USD to 1.1200 level of 1.1220. In early trading today, the ruble may continue its strengthening. The expected daily range for the dollar is 64.3-65.6 per RUB, for the European currency — 72,0-73,5 RUB.
Senior analyst at “Information-analytical center,