Tuesday, January 3, 2017

The dollar and the Euro fell in early trading 3 Jan – Interfax

Moscow. 3 Jan. INTERFAX.RU the Ruble strengthened against the U.S. dollar and the Euro on the “Moscow stock exchange” in early trading Tuesday, thanks to higher oil prices and positive dynamics of world capital markets.

the First transactions in U.S. dollar were held at the “Moscow stock exchange” in the range of 60.9-61,1 rubles/$ 1, at the end of the first minute of trading, the rate was 60,9775 RUB/$ 1 (-29,5 penny to the previous closing). The Euro fell to 63,955 rubles/EUR1 (-56,5 pennies), the value of the currency basket fell by 41.6 kopecks relative to Friday’s closing level, reaching 62,32 ruble.

the Dollar has been by 32.06 penny above the level of the current official exchange rate of Euro by 14.39 kopecks above the official rate.

According to experts of “Interfax-CEA”, the strengthening of the ruble against the dollar and the Euro in early trading on 3 January is associated with positive conditions in the international capital markets, including rising oil prices, which rise on Tuesday in anticipation of the reduction in production the largest producing countries of the world, within and outside of OPEC. The March futures for Brent crude on London’s ICE Futures exchange at 10:02 Moscow time has risen on 0,51% – to $ 57,11 per barrel. Futures for WTI crude oil for February in electronic trading on the new York Mercantile exchange (NYMEX) on Tuesday morning increased by 0.5% to us $ 53,99 per barrel.

in addition, European stock indexes rose in the first trading session of 2017 due to the positive statistics, as well as lifting of stock quotes of banks. The French CAC 40 gained 0.4 percent, the German DAX – 1 PCT, Italy’s FTSE MIB jumped 1.7%. Italian stocks of financial companies rose on reports by local media that the troubled Bank Banca Monte dei Paschi di Siena intends to release in 2017 bonds for 15 billion euros to support its liquidity. At the end of last year, the Italian government unveiled a plan to save Monte Paschi with the help of taxpayers ‘ money.

Stock indexes Asia-Pacific region is growing on Tuesday due to positive statistics from China. For the markets of mainland China, Hong Kong and Australia trades January 3 are the first in 2017, Japanese stocks on Tuesday closed (Bank holiday). China’s Shanghai Composite rose in the course of trading on 1%, Hong Kong’s Hang Seng was down 0.7%, South Korean KOSPI – by 0.9%, Australia’s S&P/ASX 200 gained 1.2%.

statistical Data on the Chinese economy pointed to an increase in business activity in the manufacturing sector in China at the end of the fifth month in a row. The value of the purchasing managers index (PMI) for the manufacturing sector in December amounted to 51.4 points, down slightly from the previous month at 51.7 points – a record since July 2014, reported the State statistical office of China. A PMI reading above 50 indicates increasing business activity in the sector. A similar indicator calculated by Markit and Caixin Media, in December rose to a record 51.9 from 50.9 points a month earlier.

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