– The Russian stock market opened on Tuesday with mixed dynamics of prices of blue chips amid sags Asia and grown oil, indexes MICEX and RTS per minute bidding dipped by 0.2-0.4 percent.
By 10:01 Moscow time the MICEX index amounted to 2055,76 paragraph (-0,2%), RTS index – 1114,45 paragraph (-0,4%); ruble prices of most of the major “chips” on “Moscow stock exchange” has changed in the range of 1.5%.
The dollar is worth 58,02 ruble (-0.1 per ruble).
The ruble sank shares of “ALROSA” (-0,5%), Gazprom (-0.1%) and Magnit (-0.2 percent), Norilsk Nickel (-0.1%) and Russian grids (-0,5%), Sberbank (-0.4 per cent), Severstal (-0.2 percent).
Grew the action “LUKOIL” (+0.1 Percent), “Masuri” (+0,2%), RUSAL (+1,5%), “Surgutneftegaz” (+0,2%), Tatneft (+0,1%), Sistema (+0,3%).
Indexes in the U.S. rose, the Dow Jones and S&P500 updated their historical highs at the end of, respectively, fifth and second sessions in a row.
A positive mood of market participants has caused the weakening of tensions around North Korea, which led to higher appetite for risky assets, including stocks, according to MarketWatch.
The attention of investors this week will be focused on the meeting of the Federal reserve system and the subsequent performance of the head of the American Central Bank Janet Yellen.
As expected, the fed can announce that from October it will start the process of reducing assets on the balance sheet, which after incentive programs is about $4.5 trillion.
Tuesday in Asia is dominated by the decrease in the indices, except Japan, which grew after a public holiday Monday. So, the Nikkei 225 index gained 2% and exceeded 20 thousand points for the first time since August 8 and is now at the maximum for two months.
Positive impact on the Japanese market had a weakening of the yen, which supported the shares of exporters.
In the oil market on Tuesday morning, prices have stabilized in anticipation of the September 20 data on commercial oil reserves in the United States, the price level exceeds the level at the closing of the Russian stock market the day before.
At the end of last weeks fuel has risen by about 5%, which further increases the market. Traders are also waiting for the outcome of the Ministerial meeting of OPEC countries and non-organization of States on monitoring the agreement to reduce oil production, which will take place on Friday.
The price of November futures for Brent crude by 10:01 Moscow time on Tuesday was $55,56 per barrel (+0.1% and -0.3 percent the day before), the November price of WTI $to 50.44 per barrel (+0.2% and +0.04% in Monday).
After the neutral start of trading, the MICEX index will go into a state of consolidation in anticipation of the opening of the Western markets. In the second half of the day, the most relevant point of reference for participants in the local trading will remain the nature of changes in the value of oil futures. Some influence on the Russian market may also have the publication of the August statistics on the change in the number of housing starts and building permits in the US (15:30 GMT). In General, however, investors and speculators will reduce the activity pending the outcome of the two-day session of Committee on open market U.S. Federal reserve.
The Russian stock market earlier in the week continues to show minor fluctuations near the 2050 points at MICEX and 1120 points on RTS in terms of stability in the external environment and maintain the price of Brent at $55 a barrel. The currently observed increase in risk appetite for assets in emerging markets provides capital inflows into exchange-traded funds.
However, the key inhibiting factor continues to be accumulated technical overbought on the MICEX and the proximity of the strong resistance near 1130 points on RTS. However, the factor “age” may lose its significance in case of the positive scenario of dynamics of oil prices (movements in the range of $55-60 per barrel for Brent) and a delayed reaction in the ruble, which will contribute to the growth of the market in the direction 2080-2120 points on the MICEX. On Tuesday morning the market may grow from internal events of interest are microeconomic data on the dynamics of incomes and retail sales in August, which can contribute to the revaluation of the shares of retailers and banks.