The Russian stock market shows signs of growth

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The Russian stock market is showing signs of growth amid stabilizing oil prices. Major market participants will again look to the oil and gas sector to continue to buy up shares cheapened companies.
Today, the oil may be under slight pressure. The American petroleum Institute said Wednesday that crude oil inventories increased by 8.8 mln barrels in the week to 9 November until 440,7 million compared to earlier expectation of an increase of 3.2 million barrels. Meanwhile, in Washington, the energy information Administration (EIA) reported that over the past seven weeks in the oil reserves in the USA was added around 38 million barrels.
It is expected that production of crude oil in the United States from seven key shale basins will reach a record of 7.94 million barrels per day, the report said EIA on Tuesday. Actions “LUKOIL” have growth potential up to 5000.00 RUR per share in the short term. Papers “Gazprom” can reach the price levels of 160.00 per share. Also “Gazprom Oil” will grow up to 380.00 rubles.
You should pay attention to the shares of “Bashneft” the growth of which can reach up to 1900,00 rubles per share. The remaining shares of oil and gas companies to consider not worth it. Also
shares of the company “Aeroflot”. Since the increase in fuel prices drives the company into losses. The company’s shares may be reduced to 90.00 rubles. Russian stock indices will react to market sentiment. Based on the General situation to expect the Euro will not have.
Wall street closed down amid weakness in technology and Finance, although the signs of success Brexit-deal lifted sentiment. The Dow fell by 0.81%, the S & P 500 was down 0.76 percent and the Nasdaq Composite fell 0.90%. Apple (NASDAQ: AAPL), led to the decline in the broader technology sector, a decrease of 3% as the concerns about iPhone sales remained after the emergence of suppliers of iPhone components on-demand. Goldman Sachs (NYSE: GS) and JPMorgan Chase (NYSE: JPM) also closed in the red zone.
Meanwhile, corporate earnings have not given grounds for optimism, as Macy’s (NYSE: M) fell by 7% because of the ability of the retailer to continue the sales growth rate in the same shop after a short third-quarter results that exceeded analysts ‘ forecasts on both the top and bottom lines.
Warren Buffett (Berkshire Hathaway) (NYSE: BRKa) Inc expanded its commitment to the financial industry of the United States, announcing the acquisition of $ 4,02 billion shares JPMorgan Chase & Co (NYSE: JPM) and new investments at PNC Financial Services Group Inc (NYSE: PNC) and Travelers (NYSE: TRV) Inc, and the share of Oracle Corp (NYSE: ORCL). The investment was disclosed in a regulatory application in the environment in which listed shares owned by Berkshire in the U.S. as of September 30, after the quarter when the conglomerate at the base of Omaha, Nebraska, spent 17.7 billion dollars. US to action.
According to the statement, Berkshire owned $ 829 million shares PNC, $ 460 million insurers Travellers and of 2.13 billion U.S. dollars of Oracle, a company engaged in software against databases. He also added to his considerable rates in the previous two baffetti investments: Bank of America Corp (NYSE: BAC) and Goldman Sachs Group Inc (NYSE: GS). While nervous investors fear a reversal of the economic recovery, Mr. Buffett is buying economically sensitive, Bank stocks.
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Gaidar Hasanov
Expert
“International Financial Center”