Tramp pleases stock markets Treaty with China

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The world stock markets on Monday 21 may was dominated by positive sentiment. Last weekend the Minister of Finance of the USA Stephen Mnuchin announced the suspension of the imposition of trade duties with China and noted the significant progress in negotiations on trade issues. The agreement between the U.S. and China will change the structure of trade between the two countries. The United States can increase energy exports to China under the agreement. Earlier Monday, the President of the United States Donald trump announced that the government of China agreed to significant additional purchases of agricultural products in the United States.
In the end, U.S. stock indexes early in the day, the U.S. was up by 0.3% to 1.2% since the beginning of the trading session. Western European markets in the evening also grew in the range of 0.5% on the indexes. Corporate news from the region also supported the growth. The largest European budget airline Ryanair at the end of the 2017-2018 financial year ended 31 March, increased after-tax profits at an annual rate of 10%, to 1.45 billion euros.
The Russian stock market on Monday night increased. High oil prices and a stronger ruble supported the General positive mood on the stock markets, which had set a growth stock indexes of the Russian Federation.
The leaders of growth – actions TMK (+6,1%), Uralkali (+2,8%), MMK (+2,2%), “Norilsk Nickel” (+1,9%). Decreased paper En+ (-4,1%), “inter RAO UES” (-3,5%), Sistema (-2%).
In General, the ruble indicator Masuri to 18.36 MSK increased by 0.3% to 2333 points, the dollar index of RTS – on 1,5% to 1191 points. The decline in the dollar to 50 cents provided a greater increase of the RTS index.
Expect the next auction index Mosuri will hold in the range 2280-2380 points, and RTS – in the hallway 1180-1210 points.
The ruble to the evening steadily strengthened against the dollar and Euro amid increased sales of currency within the tax period, exporters, attracted by high exchange rate levels.
The dollar 18.39 MSK decreased by 0.8% to 61,75 rubles, Euro – by 0.9% to 72.64 ruble. In the next session, the U.S. currency will fluctuate in the range 61,2-62,2 ruble, Euro – in the hallway, 72-73,2 rubles.
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Ivan Marchena,
Analyst
GK Forex Club