Pause taken the Russian stock market on Tuesday definitely contributes to a framework for new growth. Dynamics of the indices yesterday described the lack of a common trend: on the day of the RTS rose slightly - to 0.79% and the MICEX - fell to 0.58%. Nevertheless, today a high probability that yesterday's losses will be compensated, and the market will be able to increase the capitalization of just a few percent.
The main catalyst for growth, we believe, will re-emerging a weakening U.S. dollar. By the morning of Wednesday the value of the world's leading reserve currency confidently crossed boxes for $ 1.4 euro and kept at the level of $ 1,409. On the fluctuations is affected by uncertainty about the future steps the Fed with regard to interest rates. In the case of positive macroeconomic data, the regulator may make an early increase in the cost of credit. The possibility of such a step was estimated currency exchange as early as Friday, which led to a rapid strengthening of the dollar, and now on the market there is retrogression.
The second significant news that could have an impact on the quotations of Russian companies is the economic statistics of China. According to data released on Wednesday the growth of industrial production in the country in April was 8.9% compared to the same month last year. This is a significant argument in favor of the logic of the ideologists of leadership in the restoration of China's global economy, which, together with the weakening dollar, immediately affected the market of commodity assets. WTI Crude oil broke the mark milestone $ 70 per barrel, while the price of nickel set at $ 15 000 per tonne.
Given the behavior of the Asian stock markets, which show strong growth today, it is clear that the prospects for domestic issuers now extremely good, and especially the representatives of the extractive industries. Attention is drawn to the fact that this sector has played a decisive role in the dynamics of the U.S. stock market yesterday (rising commodity assets amounted to 2.31%) and Japan - now (the sector - 3,66 %).
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Recommendations for futures on RTS index on Wednesday
Conference on-line: Russian ruble as a reserve currency: the case of time or Utopia?
June futures on the RTS index reached a resistance in the region of 114 000 points
Of the major publications, which may influence the course of the trading today, is to provide data on industrial production in the UK
Some of the players expected to increase capitalization of banks, which should drive the growth of the ruble against the backdrop of increased oil prices
The situation in the oil market is close to overheating and will soon start fixing it was possible profits in the oil and gas sector
Paper oil and gas sector in today's auction will try to become the engine of the market
Today, as a result of increased demand for oil and gas sector index MICEX may again moves toward 1210-1230 items
The direction of the closure of the market determined after data from the stocks in the United States
Given the behavior of the Asian stock markets, the prospects for domestic issuers now extremely favorable
Pause taken the Russian stock market on Tuesday definitely contributes to a framework for new growth. Dynamics of the indices yesterday described the lack of a common trend: on the day of the RTS rose slightly - to 0.79% and the MICEX - fell to 0.58%. Nevertheless, today a high probability that yesterday's losses will be compensated, and the market will be able to increase the capitalization of just a few percent.
The main catalyst for growth, we believe, will re-emerging a weakening U.S. dollar. By the morning of Wednesday the value of the world's leading reserve currency confidently crossed boxes for $ 1.4 euro and kept at the level of $ 1,409. On the fluctuations is affected by uncertainty about the future steps the Fed with regard to interest rates. In the case of positive macroeconomic data, the regulator may make an early increase in the cost of credit. The possibility of such a step was estimated currency exchange as early as Friday, which led to a rapid strengthening of the dollar, and now on the market there is retrogression.
The second significant news that could have an impact on the quotations of Russian companies is the economic statistics of China. According to data released on Wednesday the growth of industrial production in the country in April was 8.9% compared to the same month last year. This is a significant argument in favor of the logic of the ideologists of leadership in the restoration of China's global economy, which, together with the weakening dollar, immediately affected the market of commodity assets. WTI Crude oil broke the mark milestone $ 70 per barrel, while the price of nickel set at $ 15 000 per tonne.
Given the behavior of the Asian stock markets, which show strong growth today, it is clear that the prospects for domestic issuers now extremely good, and especially the representatives of the extractive industries. Attention is drawn to the fact that this sector has played a decisive role in the dynamics of the U.S. stock market yesterday (rising commodity assets amounted to 2.31%) and Japan - now (the sector - 3,66 %).
Your grade will be the first!
Analyst Ratings
Recommendations for futures on RTS index on Wednesday
Conference on-line: Russian ruble as a reserve currency: the case of time or Utopia?
June futures on the RTS index reached a resistance in the region of 114 000 points
Of the major publications, which may influence the course of the trading today, is to provide data on industrial production in the UK
Some of the players expected to increase capitalization of banks, which should drive the growth of the ruble against the backdrop of increased oil prices
The situation in the oil market is close to overheating and will soon start fixing it was possible profits in the oil and gas sector
Paper oil and gas sector in today's auction will try to become the engine of the market
Today, as a result of increased demand for oil and gas sector index MICEX may again moves toward 1210-1230 items
The direction of the closure of the market determined after data from the stocks in the United States