Stock market: the MICEX Index may continue to fall
The Russian stock market traded mixed in the power dynamics of individual sectors and stocks within those sectors. The recent sales associated with the alarmist assessment of the situation around the Kerch Strait and provocations from the Ukrainian side, the index Mosberg may continue to fall, but not significantly. As investors realize that such provocations pursues purely political goals in Ukraine.
The index can maintain stocks of such companies as Polymetal (MCX: POLY), which may increase by +1,3%, RussNeft expected increase of +0,3%, OGK-2 (MCX: OGKB) may add +0.5%, Yandex (MCX: YNDX) has a growth potential of +1.2%, Magnit (MCX: MGNT) may also slightly increase by +0.4% and Rosneft (MCX: ROSN), the expected increase of +0.2%. In contrast, the Russian stock indexes will influence such securities as Sberbank (MCX: SBER) may be reduced by 1.6 million%, RUSAL (MCX: RUAL), the decline will continue at -1,8%, Tatneft (MCX: TATN) is adjusted by -1,9%, RusHydro (MCX: HYDR) expected a decline by 1.2% and Aeroflot (MCX: AFLT) will continue to fall to a 1.7%.
Many investors are awaiting decisions from OPEC, including Russia, which will take place on December 6 in Vienna. According to the results of the meeting will be a situation of the oil market and will cost long-term plans. The reduction of production – it is likely the event in the current realities. The price of oil significantly reduced, and further reduction can cause damage to the exporting countries.
Wall Street closed in the green zone because growth in the sectors of technology, consumer services and Finance has led to growth stocks. Amazon.com Inc. (NASDAQ: AMZN) soared 5% as retailers become leaders, raising broader consumer sector expectations that take Cyber Monday record online sales. It is expected that online sales Cyber Monday set a new record of $7.8 billion, which is almost 18% more than last year.
The surge in shares of General Motors (NYSE: GM) was backed by consumer’s discretion after the automaker revealed plans to reduce production at several plants and reduced the salaried workforce by 15%, a higher plan cost reduction than many expected. Bold the beginning of wall street during the week was supported by financial indicators, which remained stable in connection with the broader downturn in the General market in the current quarter, losing about 4% compared to more than 8% decline for the S&P 500. Citigroup (NYSE: C), JPMorgan Chase (NYSE: JPM) and Goldman Sachs (NYSE: GS) is made up of the trading session.
“International Financial Center”