The threat of new sanctions looming over the Russian stock market
The threat of new sanctions looming over the Russian market before the weekend, did not prevent investors to start a new trading week, with purchases. The players chose not to panic ahead of time and focus on bullish factors. These include increasing the prospects for concluding a trade agreement between the US and China, as well as positive statistics of China, which pointed to the unexpected recovery of business activity in industrial sector of the country. Afternoon index Mosberg and RTS grow by 0.64% and 0.94%, respectively, with an eye to the positive dynamics of European markets and oil prices.
Quotes Brent has updated the highs from early November in the area 68,70 dollars per barrel and settled at 68,40 at the General rally of risky assets after the progress in trade negotiations. Also, the market provides a further reduction in drilling activity in the US, where last week the number of active rigs fell by another 8 units, which gives players the hope that in the coming weeks, oil shale mining will be at least stable or possibly even slightly reduced. The confirmation of breakout of the level 68 dollars will increase the chances of test marker 69, blocking the way to 70.
The ruble after imposing losses on Friday opened with a gap up and is trading with a slight increase, but the dollar continues to aim for growth. The attractiveness of the Russian currency fell naturally into talk of new sanctions from Washington. However, emergence of new details on this issue, the potential decline of the ruble, is likely to be limited. The focus is now a mark of 65.50 RUB, whose breakout in either direction will set the further tone of the quotes.
Expert, Academy of management Finance and investment