Market buzz: In better mood
Russian markets are expected to rise on Monday, after world indices’ positive trading on Friday showed a change to last week’s negative trend.
After turmoil on Wednesday and Thursday when the world’s stocks
fell sharply on the news from the US Fed, Russian markets finished
Friday on positive territory – the MICEX grew 0.19% and the RTS
added 0.15%. European stocks also rose with British FTSE100 putting
on 0.7%, German DAX adding 1.03% and French CAC 40 growing
2.25%.
“I suppose that positive Friday results at European and American
markets, and also optimistic moods at the Asian stocks, let us
expect that Russian markets will trade in green today,” market
analyst Yulia Voitivich from Investcafe says.
American stocks showed confident growth on Friday, as DJIA went up
0.86%, S&P 500 grew 0.88%, and NASDAQ added 0.97%. This week
approximately 40 members of the S&P 500 will report their
earnings, as Q-4 earnings season comes to a close. Revised Q-4 GDP
and the February Chicago PMI will be released Thursday.
On Monday investors at the world’s trading platforms don’t expect
major macroeconomic news. The only statistics that can influence
their moods is January data on mortgage approvals to be published
in UK. It is expected that the number of contracts will be over
34,000. In general, world's stocks are likely to follow the general
news background.
Meanwhile, Asian floors are trading in positive territory. Index
Shanghai Composite is trading up 0.53%, Hang Seng growing 0.21%,
and Nikkei 1.95%.
World crude prices are correcting after the last weeks maximum
levels: Brent is dipping 0.15%, and Light losing 0.08%.
