Russian markets opened lower on news from Greece – RBC

Photo: Yekaterina Kuzmina / RBC

On Monday, June 29, the Russian stock market opened lower: at 10 am, the RTS index fell by 1.39%, MICEX – 0.91%. The dynamics of the currency market reflected the weakening of the euro: dollar to the ruble fell by 0.71% to 55.48 rubles. And the euro – only 0.32% to 61.51 rubles. On Monday morning, the euro-dollar is trading at 1.1028, the European currency lost 1,5%.

Over the weekend, Greece came close to default and exit from the euro zone, after Prime Minister Alexis Tsipras suddenly refused further talks with the EU and IMF announced a referendum on the issue of cooperation with international lenders. He appointed a popular vote of 5 July and urged Greeks to vote against the conditions of the EU and the IMF impose on Greece even more budget constraints.

Today, the “Greek problem” will put pressure on all the global indices, sure Head of Market Analysis “Opening Broker” Konstantin Bush. “This is a general risk for all markets, Russia will not be an exception. These risks are the losses to the middle of the week, “- he believes.

« The growth of the dollar against the ruble was the result of news from Greece and part of the fall in Asian markets, which create the background for the strengthening of the dollar against all other currencies. Whether this will develop into a long jump of repetitive motion is hard to say, but these factors, when combined, create the preconditions for the negative sentiment on the ruble, “- said the head of the dealing center Metallinvestbank Sergey Romanchuk.

On the global financial markets trading are pending the decision of the “Greek problem”, I agree Head of asset management, “KIT Finance Broker” Yuri Archangel. News that the talks collapsed, and authorities have imposed capital controls, have become a catalyst for a drop in prices of risky assets this morning, analysts Sberbank CIB Andrey Kuznetsov. The yield on 10-year US Treasury bonds at the same time fell to 20 basis points, down to 2.3%, futures on the S & amp; P fell 1.5%, contracts of Brent crude oil price lost 1.3%, while the rate euro dipped below $ 1.10, he lists.

«Our relationship with international markets is maintained, but less than it was before, so from the standpoint of long-term development of a strong movement is uncertain. In my opinion, right now all of these events are reflected in prices “, – adds Romanchuk.