World stock markets are waiting for the conclusion of “trade peace” between the US and China
Most major world stock indexes closed on Wednesday the growth prospects for the signing of a trade agreement between the US and China. Such a favorable external background has increased and the Russian market. The ruble-denominated index Mosberg up 0.18%, the dollar-denominated RTS index on the background of strengthening of the ruble against the dollar has grown stronger by 0.67%. Among leaders of growth “PEAK” (+2,83%) and “Severstal” (+1,59%). The Dow 30 increased by 0,15%. On the morning of Thursday the Asia Pacific region markets were trading mixed.
Australia and Hong Kong declined, Japan and Shanghai, in contrast, grew. Futures on the S&P 500 index traded in the morning at around 2878 p., 0.04% below the closing levels of the previous trading day. Uncertainty in Asian markets and a small, but still the decline of oil prices set a moderately negative external background before opening the Russian stock market, trades can start with a small correction. Likely day the corridor index Mosberg is in the range of values 2505-2560 points, RTS index — 1210-1235 points.
Quotations of foreign currencies against the ruble has changed, the different amid the growth of the currency pair EUR/USD on the global market with 1.1200 level to 1,1230. At the end of the day on Masuria, the dollar calculations “tomorrow” fell to 65,2400 RUB (-5,75 COP.), and the European currency rose to 73,2900 roubles (+13 kopeks). Thursday morning drivers for the movement of the currency market are absent, we expect a neutral start of trading the ruble. The expected daily range for the greenback, and 64.6-65.9 per RUB, for the European currency — 72,6-74,0 RUB.
Wednesday during the day the price of oil once again has updated a maximum from the beginning of November last year, but at the end of the day virtually unchanged. Bidding started at $69.3 per barrel for Brent crude, closer to noon, the price had risen to $69.8 and then followed by a decline to $68,6, after which the price returned to $68,3. The evening driver of price reduction was statistics from the energy information Administration of the United States. It showed an unexpected rise in crude stockpiles for the week by 7.2 million barrels, while experts expected them to drop by 0.4 million barrels. A week earlier, the reserves growth amounted to 2.8 million barrels.
By Thursday morning, quotes “black gold” fell slightly to levels last night to $69,1. Likely daily range for today’s trading, Brent crude is $68,4-of 69.8 per barrel. The medium range which is defined by the closest significant levels of support and resistance is maintained between the $65,9-77,9. ______________
Senior analyst at information-analytical center “Alpari”