World stock markets ended Thursday in negative

  • And
  • +A

In global stock markets on Thursday may 31 was dominated by negative sentiment. Investors preferred to err before the Declaration of America of the decision on the import duties on steel and aluminium from EU countries, which will be published 31 may until midnight us time. USA at the end of March imposed tariffs on imports of steel and aluminum in the amount of 25% and 10%, but for the EU and a number of countries prior to 1 June there were a pause, and now comes the moment of truth.
Some support the US market came from macroeconomic data. So, the labor market is pleased with the decrease of 13 thousand initial claims for unemployment benefits for the week ended may 26. In addition, consumer spending in the U.S. in April rose more than forecast by 0.6%, while analysts had expected growth of only 0.4%.
In the end, the American stock indexes at the beginning of the day in the United States has changed multidirectional within the tolerance of 0.6% since the beginning of the trading session. The main Western European markets in the evening mostly declined in the range of 1.25% on indices. However, growing up Italian index in the correction of 0.5% on hopes for a settlement of the political crisis.
The contribution to the dynamics of the indices of the region made the data that unemployment in the Eurozone in April fell to 8.5%, while analysts expected a figure at 8.4%.
The Russian stock market on Tuesday has grown slightly in rubles and has not changed in the dollar index helped the weakening of the ruble against the dollar. Attempts oil prices to stay near $ 78 per barrel supported the Russian market.
The leaders of growth – preferred shares of “Mechel” (+7,9%), MMK (+3,6%), NOVATEK (+2.1 percent). Decreased paper “BRIC” (-3,9%), VTB (and 2.8%), GDR En+ (-2,7%).
In General, the ruble indicator Masuri to closing has grown since the beginning of the day 0.21% 2302,88 points, the dollar index of RTS has not changed and is equal to the closure 1162,98 points.
Expect the next auction index Mosuri will hold in the range 2250-2350 points, and RTS – in the hallway 1145-1175 points.
In the evening, the ruble declined against the dollar and the Euro. The proximity of the start trade wars again, pushed for risky assets. The Euro went below the level of 1.17 dollars. In the end, attempts of growth of the oil market towards $ 78 per barrel is not supported by the confidence of rouble bulls. Oil in rubles went up again – already above 4850 per barrel.
The dollar 19.22 GMT increased by 0.4% to 62,31 of the ruble, the Euro – and by 0.4% to 72.65 rubles. In the next session, the U.S. currency will fluctuate in the range of 61.8-62.8 EUR Euro – in the hallway, 72-73,2 rubles.
____________
Ivan Marchena,
Analyst
GK Forex Club