The stock market is growing after reports from Washington
In trading on Thursday, January 17, oil prices dropped slightly. During the day the price of a barrel of Brent fell quite significantly, but closer to the close of trading, the decline stopped, and the auction eventually closed with the lowering of the price of a barrel by 0.28% to $61,13. The oil market was influenced by conflicting news. USA last week increased its production of black gold in the 200 thousand barrels per day to 12 million barrels per day, which allowed them to become short-term world leader in oil production, overtaking Saudi Arabia and Russia.
Published report from OPEC, on the other hand, showed that for December, the oil cartel has reduced oil production to 780 barrels per day, and the forecast of growth in global oil demand in 2019, experts, OPEC left unchanged. The price of Brent crude oil this morning is growing, adding more percent in value. For today we expect a corridor along the Brent oil price of $61-62 per barrel.
Appeared in the American media the news that the us Treasury and the administration of Donald trump is considering the abolition of duties on Chinese products, has inspired the growth of both American and Chinese stock markets. On Thursday, the Dow 30 rose by 0.67%, the S&P 500 by 0.76% and the Nasdaq 0.71%. The Chinese stock markets in the morning in solid black, also grow stock indexes in South Korea and Japan. The Russian stock market on 17 January increased moderately.
The RTS index rose 0.35%, while the index of the Moscow stock exchange rose by 0.54%. Expected at the opening of the growth of Russian stock indices. The RTS index today, according to our forecasts, protorguetsya in the hallway in 1100-1180 points, while the index Mosberg within the range of 2400-2500 points.
We believe that today the ruble at the opening may strengthen the dollar and the Euro. Trading ranges on ruble pairs will be 66-67 RUB per U.S. dollar and 75,3-76,2 RUB for Euro.
Deputy Director of information-analytical center,