The Russian stock market to the middle of the day adds about 1%

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As the tension on the world markets, leading Russian indexes are gaining strength and this afternoon added an average of 1%. China has declared that does not want further escalation of the trade conflict with the United States, which somewhat calmed investors. The ruble is trying to pull the dollar from recent highs under the mark of 67 rubles., but the pullback has been limited and the gap formed at the start of the session is not closed yet. Successful auctions of the Ministry of Finance failed to provide substantial support to the Russian currency, which remains under the influence of the strong dollar.
The situation in the oil market looks mixed. Brent konsolidiruyutsya near the psychological mark 60 dollars per barrel, but finds no reason for a new leap above this barrier. Exit and consolidation zone is possible in the case of the active reaction of the dollar on the upcoming report on US GDP for the second quarter. Strong data will strengthen the position of the American currency and put pressure on oil, including through the avoidance of risk to the weakening of expectations of a rate cut by the fed.
In addition to the statistics, the focus of investors remains further developments on the trade front, where there is increased uncertainty ahead of the widely anticipated resumption of dialogue between the two countries in September. Also, the players are closely watching the yield curve of the bonds, which continues to warn of a recession, limiting the manifestation of the thrust towards risk.
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Arseniy Dadashev,
Director,
Academy of management Finance and investment