Market

The Russian market has lost the opportunity to expand

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External conditions for the Russian market are unfavorable. The price of oil, which remains the only important driver, has declined.

Indices of American stock exchanges on Wednesday fell by 1-3% compared to the close the day before. This was facilitated by a significant drop in the high-tech company Nasdaq, its quotes fell to the lowest level in the last two years. The Dow Jones industrial index, meanwhile, fell to its lowest value since the beginning of last year.

European markets showed a slight increase – about 2.5%. This allowed us to return to the positions lost at the beginning of this week. Experts believe that today the markets may go down again. This will be affected by both the mood in the US and the decline in UK GDP.

Oil futures are down for both brands. After a recent jump of 5-6%, both WTI and Brent lost an average of 1.5%. The partial suspension of the transit of Russian gas through Ukraine slightly fueled interest in energy carriers, but the report of the US Department of Energy on the increase in oil reserves reassured investors. On Thursday, the main changes in the market are expected after the publication of OPEC and IEA reports. The Russian market, taking into account the downward trend in oil prices, does not yet have the potential for growth.

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