The sudden optimism of the American exchanges have supported Russian stocks
The Russian stock market on Thursday opened shop. To date, the major indices of the Russian Federation added an average of 1.3%, a list of morning leaders demand be headed by papers “Gazprom” and “Sberbank”. On the downside are shares of “Gazprom oil” and “Polymetal”.
The external background to today’s trading day is relatively positive in comparison with what was on this week earlier, the markets simply a holiday correction. Us markets ended the last day of a sharp recovery. Index futures S&P premarket reduced. Oil prices turned negative after quite neutral in the morning. A barrel of Brent oil traded at $54,15 (-1,2%).
Why so much optimism?
First, overseas investors obviously well rested for the Christmas holidays and decided to repurchase a portion of sales Monday. Secondly, the rumors about the possible dismissal of Jerome Powell as head of the U.S. Federal reserve gave way to exactly the opposite: now on the market say that Jerome Powell in no danger. Corporate news, report type Amazon on pre-Christmas sales gave an impetus to the companies in the consumer sector, and they pulled all the stock market together with the raw material.
The Euro/dollar on Thursday morning return to growth. Main trades are around 1,1380 (+0,3%). The focus of market attention is the situation around the head of the Federal reserve and lots of rumors and speculation associated with it.
The ruble in the beginning of the session tried to gain a foothold in a basket of currencies, but still returned to the weakening. The U.S. dollar is trading at 68,89 RUB (+0,3%). The pair dollar/ruble will potorguemsya today in the range 68,50-69,50 RUB, EUR/RUB – 78,00-78,90 RUB Mosberg Index will hold today’s session in within marks 2310-2340 points.
In January, the U.S. and China will hold talks on trade issues. The government delegation States to visit China. Earlier at the summit of “Big twenty” countries agreed to come to a trade agreement within three months. We assume that trade relations between the two countries will undergo substantial change. States will actively push their position. The task of the US not to oust the Chinese products from the market and to increase the fee for entrance to its market. With high probability, China will have to make concessions to keep economic growth rates high enough. However, China has its own arguments and trump cards, so press down hard on it.
Today the ECB will publish its monthly report. States will present data on consumer confidence, new home sales and unemployment.
Meetings of the Board of Directors will hold “TGC-14”, “Transneft”, “Gazprom Neft”, “Mostotrest” and “RUSAL” and “IDGC of the South”.
The Director of analytical Department,