The US stock market finishes the week under the pressure of geopolitics

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As we mentioned yesterday in the world’s climate will change if the administration trump will not impose duties or sanctions. This time, under the distribution hit Mexico. 10 Jun introduces 5% duty on all imports from Mexico, and in the coming months will be a bill to increase duties up to the standards of 25 percent.
The decision was widely expected perceived decline in American indexes. With the opening futures for the S&P500 losing -0,93%, and the NASDAQ sags on of -1.29%.
Fuel to the fire, blazing in the stock markets poured business activity data from China which fell below the forecast of analysts.
The beginning of day the Russian market was marked by the report of Aeroflot (AFLT) according to IFRS for the 1st quarter of 2019. The company reported revenue growth of 23.3%, but reading the profit dropped by 51.2%. Most of the costs associated with expensive fuel price. The analysts expected a more significant reduction in performance, which could support stocks in early trading, but most likely the report will not be able to deploy paper in the direction of the uptrend. After correction we may expect continuation of decline to the level of 83 rubles per share and further 57,75 in the long run.
From the macroeconomic statistics should pay attention to the “Base price index of personal consumption expenditures in the U.S.” this figure may set the trend for the markets for early next week in the absence of new tweets from Donald trump.
Dmitry Inogorodniy,
“International financial center”