The world’s stock exchanges awaited the outcome of OPEC meeting
The Russian stock market konsolidiruyutsya, after the recent growth and correction. Market participants expect the results of the OPEC meeting. Expect that will a decision on the reduction of volumes of oil production and on this background oil and gas companies continue to grow. In addition to oil sector investors interested in papers of metallurgists and retailers. In the short term we can expect growth in the following assets: LUKOIL (MCX: LKOH), has a growth potential of +1.2%, Tatneft JSC (MCX: TATN) which are expected to rise by +0.6%, Magnit (MCX: MGNT), has a good chance of growth on +1.7%, Surgutneftegaz-Pref (MCX: SNGS), the expected positive dynamics and growth of +1.1%, ALROSA (MCX: ALRS), also has a growth potential of +1.5%.
Interesting will be the shares of the company “Norilsk Nickel” which may grow by 2% due to the fact that the futures palladium has updated the historical maximum, exceeding the value of gold for the first time in 16 years. As “MMC Norilsk Nickel” is the largest producer of palladium, the investor interest in the company will increase.
Trading on the stock market of America was canceled because of the mourning. Stock futures in U.S. and Asian stocks fell on Thursday after the canadian authorities arrested the top Manager of Chinese technology giant Huawei for the extradition to the United States, fueling fears of new tensions between the two superpowers.
The U.S. claim to its allies not to use Huawei products for security reasons and are likely to continue to exert pressure on its allies. Washington and Beijing have begun negotiations aimed at de-escalating their bloody trade war, which adds to the anxiety of global investors to raise interest rates in the United States and other risks to global economic growth.
“International financial center”