World stock markets rise for second day in a row

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World stock markets on Tuesday, August 21 show a growing trend. Investors continue to expect positive results from trade negotiations between Washington and Beijing. Against this background, the Asian platforms has increased, and the Shanghai SE Composite index jumped 1.3%.
However, on the eve of the US President Donald trump said in an interview with Reuters that the resolution of the conflict any time frame is not established and he himself from the next round of results is not waiting. Trade negotiations between the U.S. and China will begin on Wednesday, August 22. Rising oil prices also supported the markets. A barrel of Brent crude oil is trading around 72.7 per dollar.
European sites from the morning traded in the “green zone” in anticipation of trade negotiations, the US and China. Optimistic another statement of the Minister of trade United States Ross in an interview with the Wall Street Journal suggests that the trump has postponed the decision on introduction of duties on cars from the EU. In the evening, the British FTSE 100 was down 0.28%, the French CAC 40 grew by 0.74%, Germany’s DAX by 0.53%. The British index falling crush quotes mining company BHP Billiton Ltd (-1,7%), falling after the financial statements for the 2017-2018 year.
Us indices also rise on improvement in investor sentiment. The index of technology companies NASDAQ rising by 0.66 percent to 7872,88 points, the Dow Jones by 0.25%, to 25824,31 points, the index of wide market S&P 500 – on 0,35%, to 2867,03 points. In Jackson hole August 23-25, will hold its annual banking forum, which will include the heads of Central banks. Friday will be the fed’s Powell. On the eve of Donald trump has again criticized the policy of the Federal reserve aimed at increasing rates.
Russian stock indexes on Tuesday were still able to survive and closed in the “green zone”, having risen on 0,64% – to 1072,12 points RTS index, in spite of the declining ruble, according to the index of Masuri, which grew by 0.85% to 2291,76 points. The maximum growth shown by the sector “Telecommunications” sector “Consumer goods and trade.”
A significant contribution to the growth of the index “Consumer goods and trade” made of paper “Tape” (+3,29%), “Magnet” (+3,09%) and “Children of the world” (+3%) in the index of “Telecommunications” paper “Megaphone” (+2,61%) and MTS (+1,75%).
Shares retailer Magnit increased by the approval of the Board of Directors to buy back in the amount of 16.5 billion rubles.
Papers “Rosneft” have risen 1.6 percent on the recommendation of the Board of Directors to pay dividends for the first half in the amount of 14.58 per share.
Among grown can also be allocated shares of Uralkali (3,29%) and Polymetal (2,3%), who presented successful IFRS statements for the first half of this year. In the “red zone” closed Depository receipts En+ (-1,56%), papers MMK (-1,39%), preferred shares of “Mechel” (-1,13%). Tomorrow Mechel will report under IFRS for the first half.
Expect the next auction index Mosuri will hold in the range 2242-2352,8 points, and RTS – in the hallway 1022-1122 points.
In the evening the ruble continues to decline against the dollar and Euro about 20-60 cents. The vector was set in the morning, when the Central Bank suddenly announced to market participants that finished in favor of the Ministry of Finance. With the dollar showing weakness against the Euro, the European currency above of 1.15. The dollar exchange rate to 19.25 MSK grew by 0.4% from the start of trading until 67,36 ruble, Euro – by 0.78% to 77.7 rubles. In the next session, the U.S. currency will fluctuate in the range of 66.8-67.9 ruble, Euro – in the hallway 77-78,4 rubles.
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Ivan Marchena,
Analyst
GK Forex Club