Analyst Promsvyazbank Mikhail Poddubsky believes that the conclusion between the US and China, at least a framework agreement that includes reducing trade-related tensions, could trigger a rise in interest in risky assets. Therefore, the failure of the negotiations is likely to exacerbate the mood of investors in most asset classes due to the growth of negative forecasts for the global economy.
Recall that last night Donald Trump tweeted about canceling a meeting with Vladimir Putin, since neither the Ukrainian ships seized by Russia on Sunday nor the Ukrainian sailors returned home. However, according to Mikhail Poddubski, at this point, the results of negotiations between the US and China leaders are much more important for the market, including Russia.
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Lead analyst Olme Anton Startsev notes that trading on Friday morning remains under pressure after the nightly release of the fairly minute minutes of the last FOMC meeting held on November 8th. Despite this, according to an expert, the dollar breakthrough in relation to underwear below 66 is still unlikely due to weak oil price dynamics.
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