What happened in the world of finance for week # 25

    Hi Geektimes! We continue to publish reports on major events in the world of finance and the stock market. The previous issue of the information digest can be found at this link .





    Foreign exchange and commodity markets


    The past week was marked by the strengthening of the ruble - during trading on the Moscow Exchange on Tuesday, for the first time in May, the euro fell below 55 rubles, and the dollar broke through the mark of 49 rubles.

    In the middle of the week, the American currency won back a fall, rising again during the trading above 50 rubles, but on Friday both the exchange and official dollar rates fell below 50 rubles.

    Among the factors supporting the ruble, experts called oil prices - during Friday's trading on the ICE, the cost of futures for Brent crude for July delivery ranged between $ 66 and $ 67 per barrel. However, Goldman Sachs experts predict that by 2020 the price of "black gold" will be at $ 55 per barrel .

    The chief economist of ITinvest Sergey Egishyants in his weekly review described the situation on the energy market in this way:

    Crude oil inventories in the United States are falling for three consecutive weeks, and its production at the bottom for more than 3 months. The fall in the number of active rigs in the United States to the bottoms of 2009 logically slowed down this process - although its semi-annual pace managed to show a record low, breaking through the 1999 and 2009 figures. However, oil giants (and especially smaller players) managed to significantly reduce their investment plans - it will be difficult to quickly change something here; Goldman Sachs believes that maintaining fuel cheapness over the next 5 years will kill the industry throughout Africa and Australia. In the meantime, the general strengthening of the dollar again caused a drop in oil (however, very weak) - but not gas (whose price in the USA at a 4-month peak is about 115 bucks per 1000 cubic meters).



    Stock market


    Last week began with a weakening of the main Russian stock indices - on Tuesday May 19, trading ended with a decrease in both the MICEX ruble index fell to 1659.36) and the RTS dollar index - falling to 1057.60 points.

    ITinvest expert Vasily Oleinik in his Tuesday review described the situation in the stock market:

    Tuesday was difficult and very eventful for Russian investors. At the end of the day, the ruble index sank 1.14%, while the RTS currency index lost almost 2%. Absolutely all sectors of the Russian stock market came under pressure from sellers, with the exception of VTB Bank shares, which managed to add almost 1.5% after the report. According to the report, the bank’s net loss for the first quarter of 2015 amounted to 18.3 billion rubles, but this figure was slightly better than expected. From a technical point of view, the road down has now opened for Russian indices. In June, it is worth preparing for a more significant correction.

    [...]

    The MICEX index reached a support range of 1620-1650 points, from which a technical rebound may well follow. As soon as it is broken and we see the close of the day under it, it is definitely better to forget about buying Russian shares for a while. [...] If the ruble really unfolds in the coming weeks, then the futures on the RTS index have only one road - strictly to the south. While local support will be the mark of 104,000 points, and the nearest resistance level at 106,000 points. As soon as the price drops below 101,000 points, the final confirmation of the reversal will be received. The immediate correction target for June is around 90,000 points, but final and more accurate goals can only be set after quarterly expiration.









    On Wednesday, against the backdrop of a cheaper ruble, the RTS index fell to 1030 points, updating the low of May, the MICEX index also fell to 1634.99 points. However, the Russian indices finished Friday trading with a slight increase .

    Buy or not buy?


    RBC-TV observer Zhanna Nemtsova interviewed ITinvest investment adviser Pavel Deryabin - the conversation was about who and why the investment advisory service could be useful for:



    That's all for today, thanks for watching. More analytical materials from leading experts on the ITinvest website .

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    Cover photo: Oleg Yakovlev / RBC

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