Stock market: risk Appetite will grow
Expect neutral opening of the Russian market amid mixed trading futures on global stock indices, the range of movement of which varies from 0.5% to 0.2%. The yield on the us 10-year government bonds grew by 4 b.p. to 2.86% in anticipation of the start of the reporting period for the second quarter in the US that the closer will increase the risk appetite.
At the same time, the Russian market has received inflow of foreign liquidity due to the active phase of the dividend period. In the current week cut-off will be held in the following shares: LUKOIL, ALROSA, and next week: GMK Norilsk Nickel, Gazprom, etc. because of this, and the grown oil prices (above $78 per barrel) followed by a mild strengthening of the ruble. But closer to Thursday, when it will be published US inflation, the dollar starts to strengthen against other world currencies. As rising inflation will give an indirect signal to further increase fed funds rate.