At the end of trading on 24 July, the index Mosberg fell by 0.67% to 2682,91 p., and RTS — on 0,44% to 1339,62 p. Ideas for growth in the domestic market is almost gone after ended dividend period. Negativity adds to an ongoing trade war between China and the United States, which negatively affects the economies associated with Russia. Here and in the Eurozone manufacturing index fell to a seven-year low. Against this background, the pressure experienced paper companies that supply raw materials to Europe: “Gazprom” (-2,48%), “Severstal” (-1,64%), MMK (-0,98%), NLMK (-1,06%). The exception was “NOVATEK” (+0,76%), which increased the IFRS profit in the first half six times. Aeroflot rose in price in the first half of the day on growth statistics of passenger traffic by 13.4% in the first half, but in the second half of the day the company’s shares came under pressure from rising oil prices. The leaders of the day were paper “RusGidro” (+2,24%), RUSAL (+2,1%), ALROSA (+1,9%) and Polymetal (+1.4 per cent). Among the weakest were shares of Uralkali (-6,68%), TGC-1 (-2,65%), “OGK-2” (-2,64%) and Mechel (-1,66%). Activity has slightly decreased compared to the previous day. At the end of trading the volume of transactions in the main section of the Moscow exchange amounted to approximately 33,918 billion.
The situation in the ruble was more positive. Expectations that the ECB and the fed will lower the key rate, continue to support high-yield ruble. The next auction of OFZ bonds was quite successful. The Treasury securities posted the release 26230, maturing March 16, 2039 for 20 billion rubles at face value with demand 35,277 billion rubles at par value and weighted average yield of 7.48%. It is worth noting that housed the paper with a long maturity, but that hasn’t stopped investors, as the policy of the Central Bank of the Russian Federation is moderately hard on the background of easing by other leading Central Bank. Inflation data do not allow us to confidently say that the Russian regulator will hurry to lower rates. According to Rosstat, inflation since the beginning of the month to the 22nd of July was 0.3%, and YTD to 2.8%. Last year, the price growth in July was 0.3%, and since the beginning of the year of 2.4%. In other words, while there is no immediate signal to ensure that the rate of the CBR declined in each of reference meetings of the Board of Directors.
Us indices continue to master record territory, but the Dow Jones is not flying for Boeing. Boeing Co. (-3,12%) recognized losses in the second quarter because of a problem with B737 Max8. Manufacturer of mining and construction machinery Caterpillar (-4,48%) failed to reach the profit expectations. In the sector semiconductor manufacturers were optimistic on the back of strong statements Texas Instruments (+7,44%). Also significant is the reporting of United Parcel Service (+of 8.66%). FedEx and United Parcel Service are often referred to as indicators of the health of the U.S. economy, as activity in the shipment of mail indicates a high or low consumer activity. In the statistics also, there was no monotony. IHS manufacturing PMI from Markit fell to 50 p. what is the minimum value since September 2009. New home sales in the U.S. rose in June by 7%. Among other events, we can identify the performance of the special Prosecutor R. Mueller, who confirmed there were no grounds for charges D. trump in collusion with Moscow, but stressed that all the characteristics of the interference in favor of the candidate Clinton was. Of course, that D. trump was quick to call the report useful. However, the market of these statements had no effect. More important news was the confirmation of violations of the Antimonopoly legislation by the giants of the Internet. News contributed to the fall of Apple shares by 0.08%, and the Alphabet by 0.73%. At the end of trading the DJIA fell by 0.29% to 27269,97 p. and S&P 500 rose by 0.47% to 3019,56 p.
Asian indices traded mostly in positive territory. The Governor of the Reserve Bank of Australia Phillip Lowe said that we can expect quite a long period of low rates. At its last two meetings the RBA has cut rates by 25 basis points. Stock optimism Texas Instruments was enough to even the market reacted calmly to the statements of SK Hynix on reducing the production of memory chips. Samsung shares were in demand on the background of overcoming some problems with the reliability of the latest model of the Galaxy Fold, which will hit the market sometime in the fall. By 8:40 GMT, the Nikkei 225 — 21764,87 p. (+0,25%), the Hang Seng 28593,97 p. (+0,25%), Shanghai Composite — 2929,42 p. (+0,21%).
Oil remained in positive territory, but fears about the slowing global economy remain, the main idea in the market. On the eve of the US Department of energy reported that in the week ended 19 July, commercial oil stocks decreased by 10.8 million barrels to 445 million barrels. Gasoline inventories fell by 0.2 million barrels, and distillates rose by 0.6 million barrels. Crude oil imports increased by 196 thousand barrels per day 7.0 million barrels of daily supply. The average consumption over the four weeks amounted to 21 million barrels of the total fuel supply per day, or -0.3 percent for the year, 9.5 million barrels of gasoline per day, or about 1.5% per year and 3.8 million barrels of distillates a day, or -6,4% for the year. Most impressive was the fact that production for the reporting week fell by 0.7 million barrels to 11.3 million barrels per day. However, the decline should be considered as a temporary phenomenon associated with the weather factors. By 9:00 MSK Brent $of 63.36 (+0,28%), WTI — $56,07 (+0,34%), gold — $1423,4 (-0,01%), copper — $5966,83 (-0,20%), Nickel — $14260 (-1,99%).
The dollar index was down 0.02 percent of 97.71 p. the yield on the 10-year Treasury obligations of the United States decreased to 2,046%. By 9:00 GMT EUR-USD — $1,114 (-0,05%), GPB-USD — $1,248 (to -0.05%), USD-JPY — of 108.11 (-0,04%).
External background before start of trading in Russia can be called neutral. Asian indexes mostly grow, but this positive signal kompensiruet decrease in quotations of industrial metals, and oil until trying to accelerate up. At the beginning of the Russian indexes can show a slight decline. Index Mosberg updates the local minima, which indicates market weakness, which has no big ideas. From the corporate news it is necessary to highlight operating report “Tape” and report under IFRS from “Magnet”. The Board of Directors of NLMK will give recommendations on dividends.
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