Market Overview: Trade Wars Return

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UNITED STATES (VOP TODAY NEWS) — On Friday, highly liquid securities traded on average in positive territory, the RTS index returned to the level of 1250 points.

Shares of Surgutneftegaz (SNGS) went up by 1.7%, Sberbank (SBER) and Tatneft (TATN) – by 1.5%, and Magnit (MGNT) – by 1.3%. The suspension of a downward correction in Brent crude prices near $ 70 a barrel and the preservation of investor interest in emerging markets in general contributed to the increase in blue chip quotes. Meanwhile, NLMK (NLMK) fell in price by 3.2%, which is explained by the closure of the company’s shareholder register.

In the second tier, there was an increase in individual securities. Thus, ordinary shares of Pharmacy Chain 36.6 (APTK) went up by 5.1%, Hals Development (HALS) – by 4.3%, Rosinter Restaurants (ROST) – by 3.2%.

US stocks rose by 0.7-1.6%, US index futures traded well below the closing levels recorded on Friday. European indices closed in positive territory, in Asia there is a noticeable decline.

Today, at the beginning of trading, a downward correction is likely under the pressure of external factors. US President D. Trump threatened an increase in tariffs on Chinese imports in the amount of $ 200 billion, after which there were reports of a possible refusal by the Vice-Premier of the PRC to visit the US for trade talks, the next round of which was scheduled for Wednesday. Increased tension between the US and China in the field of trade has caused an immediate negative reaction on Asian stock markets. Brent crude futures were also in a noticeable minus and traded below $ 70 a barrel. In the currency market at the start of trading, a slight increase in the dollar / ruble pair is possible, since the threat of renewed “trade wars” negatively affects the demand in emerging markets.

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