The stock market in the U.S. and Europe completed the day by strong growth in

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Most of the major Western indices finished the Tuesday’s powerful growth. The reason trump statements about the planned meeting with the leader of China, and the words of Mario Draghi about possible further easing by the ECB. Amid the General euphoria grew and the Russian market. The ruble index gained Mosuri of 1.00%, dollar-denominated RTS index on the background of strengthening of the ruble grew stronger by 1.37%. Among leaders of growth – “System” (+3,09%) and MMK (+2.6 percent). The Dow 30 increased by 1.35%. In the morning of Wednesday the indices of the Asia Pacific countries together grew by 1.1 to 2.4%.
Futures on the S&P 500 index was trading in the morning near 2927 p., 0.03% higher than the closing levels of the previous trading day. It seems that the Asian markets played yesterday’s surge of optimism in the West. The Russian market, looking for the morning adjustment in oil prices, is ready to begin neutral. Likely day the corridor index Mosberg is in the range of values 2735-2790 points, the RTS index — 1345-1375 points.
After declining Monday, on Tuesday the black gold moved to increase, although not immediately. Bidding started from $60.2 per barrel of Brent, and managed to decline by midday to $59,5. Then the President of the United States Donald trump has announced plans for a meeting with the head of China XI Tizanidine in the framework of G20 summit. Investors appreciated this as a possible sign of détente in the trade war. Began the growth of the risky currencies and emerging markets currencies, stock indices and commodity prices, including oil. The price has risen to $62,3, although to the end of the day it has corrected to $61,7. Part of the price of oil was supported by a report of the American petroleum Institute that showed crude oil stocks fell unexpectedly for the week by 0.8 million barrels, after rising 4.9 million barrels a week earlier.
In the morning of Wednesday oil traded with a slight decline near $61.5 per. Probable trading range for the remainder of the day for Brent crude is $60,9-of 62.1 per barrel. The medium range which is defined by the closest significant support levels and resistance remains between $59,1-63,3. Today his statistics on changing the oil reserves will share the energy information Administration of the United States. Experts expect a decline of 2.0 million barrels, after rising by 2.2 million barrels a week earlier.
After the oil market yesterday significantly strengthened the ruble. The cause was a General increase of the demand for assets in emerging markets after dovish statements by Mario Draghi and conciliatory towards China the words of Donald trump, and the growth of oil should not be discounted. At the end of the day on Masuria, the dollar calculations “tomorrow” fell to 64,0200 RUB (-30 COP), and the European currency declined to 71,7000 RUB (-45,5 COP.).
The difference in the dynamics of the two currencies associated with the decline of the pair EUR/USD in the global market of 1.1220 to 1,1190 after the head of the ECB about a possible further easing of monetary policy. Not the background of the morning the stabilization of oil prices, ruble trading will begin today neutral. The expected daily range for the dollar — 63,4-64,7 RUB, for the European currency compared to 71.0 and 72.4 RUB the Attention of the currency markets today will be focused on the fed’s decision at a rate in which is unlikely that will change, and more importantly, the subsequent statement by the American regulator, which may contain some hints of his future plans at a rate.
Vadim Iosub,
Senior analyst,
“Information-analytical center “Alpari”