Blacklist of scam sites

Finance

Global stock markets will resume growth after the inauguration in the United States



Global stocks are moving north with renewed vigor as investors digest a speech by Treasury-nominated Janet Yellen, who has called for a massive response to the coronavirus crisis amid low interest rates. We will remind, today will be the inauguration of Biden, who proposed to allocate $ 1.9 trillion to help the economy. From this front, the main support for the stock markets and risky assets in general is now coming. Against this background, oil dared to ignore the disappointing IEA forecast, which suggests a sluggish recovery in global demand and an increase in supply in 2021. Brent has returned to growth and seems to be planning to break out of the sideways channel if today’s statistics on reserves from the US Department of Energy and the American Petroleum Institute fail. Both reports will be released later today – this week the publication schedule was adjusted due to a public holiday in the US on Monday. So, taking advantage of the predominantly favorable external background and rising oil prices, Russian indices opened on Wednesday in positive territory. At the same time, the growth potential of our market is limited due to the presence of a geopolitical factor, which manifests itself in the negative reaction of the West to the arrest of Navalny, who returned to Moscow. In the light of the widespread fall in the dollar and the rise in oil, the ruble is moving upward, retreating from the lows noted at the beginning of the week. This trend is likely to develop as the USD will remain under pressure in the short term amid speculation about widely anticipated fiscal stimulus .____________________ Mikhail Dorofeev, Chairman of the Board, KPC Obnovlenie

Related posts
Finance

The ruble is ready to set a new height of 73 rubles. per dollar

Finance

US stock market is growing, but leaders are changing

Finance

Global stock markets rise on expectations of monetary easing

Finance

Investors underestimate the risks associated with production

Subscribe to our newsletter and
Stay up to date

Leave a Reply

Your email address will not be published. Required fields are marked *