The Russian stock market is influenced by the changing moods

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Stepwise dynamics of interest for risk in world markets confused investors, mesh them to make trading decisions. After decline of stock indices in the US and Asia, European markets started today’s trading in the red zone, but then recovered from the negative and out on the territory of growth. The improvement of the external background immediately reflected on the behavior of the Russian market, where the major indices to minimize the initial losses. So, the afternoon after the index Mosberg and RTS decrease by 0.12% and 0.3%, respectively. The ruble was trading virtually unchanged, but risks return to decline after the completion of the tax period.
“Akron” has published financial results for the third quarter and January-September of the current year. In the third quarter, the production of mineral fertilizers remained unchanged in annual terms, while industrial products increased by 41%. The report was neutral for the stock.
Quotes “Rosneft” reduced by 0.5%, despite the fact that Igor Sechin denied exit from Italy’s Eni projects with the Russian company.
Paper NOVATEK grow by 0.55% after posting strong statements, which met the expectations of investors. In the third quarter the company’s profit increased by almost 22% in annual equivalent. In January-September net profit under IFRS in annual terms increased by 8.1%.
Locally the pressure on the domestic market has weakened the interest rate. The Agency reported that in the absence of shocks may raise Russia’s sovereign rating to investment grade next year. Meanwhile, the situation on oil market does not support Russian asset prices have stabilized after the recent meltdown, but to recover I’m not in a hurry. Investors also are keeping a low profile pending the outcome of the ECB meeting, which could affect the General mood.
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Igor Kovalyov,
Analyst
InstaForex companies group