The Moscow Stock Exchange approached 2,500 points in anticipation of the negotiations, and Brent returned to $93.
The main thing from today's episode of the show Capital with Grigory Baglerian:
The Moscow stock market index approached 2,500 points in anticipation of new signals for Ukraine. The assistant of the President of Russia Yuri Ushkov arrived at the hotel where Steve Vitkoff and Jared Kushner are staying. The market is awaiting possible statements following the meeting.
The next resistance for the Moscow stock market is 2,550 points. After two or three days of decline, the index recovers again. If the growth attempt fails, the support levels will be at risk.
Investors are still in no rush to take profits. In recent months, individual liquid stocks have risen by 30%-40%, but expectations of a possible compromise on Ukraine are holding back sellers.
The OFZ market remains in an unstable state of stability. Bond prices were little changed all week, but new inflation or geopolitical risks could upset the balance.
The central bank again reduced the volume of free ruble liquidity. This limits the ability of speculators to play against the ruble, despite the regulator's daily currency purchases of 15 billion rubles.
Brent rose to $93 per barrel. Oil recovers some of its decline amid new fears of escalation around Iran.
The market still does not expect new US attacks on Iran. After the Democrats win the congressional elections, Donald Trump's options for military action may be limited. Additional hopes stem from possible contacts by Vice President J. Dee Vance next week.
Iran, on the contrary, can escalate independently. There were reports of an attack on navigational infrastructure off the coast of Oman and the explosion of tankers. This again increased the fear of disruptions in the supply of oil through the Strait of Hormuz.
The military premium returns to oil prices. Market participants fear that Tehran's new actions could force Washington to intervene again in the conflict.