World stock markets remain on edge.

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The situation on world markets remains tense, although recent comments by Beijing smoothed over the negative attitude towards risky assets. In particular, the Ministry of Commerce reiterated that it did not want further escalation of the trade war and remains ready for the resumption of dialogue with Washington next month.
Against this background the European indexes, which before opening has decreased, started in positive territory, which, coupled with the recent rise in oil prices has led to the rise of the Russian indexes in the beginning of the session. So, in the first hour of trading the index Mosberg and RTS increased by 0.68% and 0.37%, respectively.
Then the players will switch to data on sentiment in the Eurozone, German inflation and US GDP, which also claimed figures of personal consumption expenditure and pending home sales. Impressive statistics for a time will distract the attention of the markets from the topic of a trade war and it will focus on the prospects of monetary policy of Central Banks.
By the way, investors were alarmed by the recent comments of the ECB representative Nowotny, who said that Central Banks must be prepared to sometimes disappoint the markets. Perhaps this observation is a signal that players will receive from the European regulator’s generous incentives at the next meeting. In this case, given the already established expectations, investors really be disappointed, as the Euro will rise sharply on all fronts.
For the Euro/ruble such a scenario opens the way to around 75 RUB quotes Today traded near the level 74 RUB, a daily close above which would worsen the technical picture for the ruble.
Arseniy Dadashev,
Academy of management Finance and investment