Negative on the U.S. stock exchanges had an impact on the Russian indexes

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At the end of the day the index Mosberg decreased by 1.4% and closed near the mark 2274 points, while dollar-denominated analogue of the RTS on the background of a stronger rouble lost moderate 0.7 percent to 1,128 pips. From the external background today noted a distinctly negative influence by the end of the session, the us S&P 500 fell 1.01% and the European STOXX 600 was down by 0.99%. Corporate reporting in General go better than expected, but the markets warmed to the limit. Why are only hot Amazon multiples: P/E – 345; P/B – 24,4; EV/EBITDA of 47.3. In such circumstances prudent investors come from stocks at historic highs and buy giving 3% per annum 10-year government bonds.
The index of economic conditions ISM non-manufacturing sector for April is 56.8 points, it was expected to 58.1. In the Eurozone the consumer price index for April amounted to 1.2% yoy.
On the Moscow stock exchange in leaders of growth at the end of the day was “KAMAZ” (+1,9%), ALROSA (+1.4%) and Bashneft (AO: +1.3 per cent). Worse than the market traded EN+ (-7,8%), “inter RAO UES” (-4,9%) and “Yandex” (-3,9%). Rosneft (-3,5%) became cheaper after naught speculative support for the plans of repurchase. The company has not announced details of further destiny of the redeemed shares, so the market apparently does not believe that they will be subsequently repaid.
Oil major varieties by evening were moving in different directions: a barrel of Brent cost $73,4 per barrel and WTI – $67,9. The U.S. Department of energy reported earlier that crude oil reserves in the United States gained 5.8 million barrels, while production increased by 33 thousand barrels/day. From the significant reduction in quotes was saved by the currency revaluation due to the weakening of the dollar index.
The dollar by the end of the day, losing 0.9 percent to 63.4 rubles, the Euro was down 0.7% to 76 wins back RUB Ruble weakening in the framework of illiquid auction with a distorted balance of supply and demand for the may holidays.
The evening session is expected to stabilize the ruble to the dollar. The futures of Mosuri may continue to decline due to the negative external background.
Timur Nigmatullin,
“Opening Broker”