The Russian stock market on Monday began trading continued sales

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The Russian stock market on Monday began trading continued sales. To date, the major benchmarks fall 1.6% on average. List morning you’ve been shares of “Aeroflot” and the gold mining company “pole”. Positive remain one resistant paper “Megaphone” and “OGK-2”.
Situation to today’s session formed negative. American markets closed Friday’s auction sales, the futures contract on the S&P in premarket trading in positive territory. Prices for oil are adjusted, but after updating the annual minimum is not enough. A barrel of Brent crude oil is recovering 1.7% and costs $60,03, the barrel of WTI is trading at $51,1 (+1,3%). Positions “bears” in raw materials is still very strong.
The pair Euro/dollar on Monday morning with a slight strengthening. Main trades are around at 1,1370. The market continues to closely monitor developments in Italy and the European Commission.
Russian ruble in the first hour of trading retreated to a basket of currencies, which is quite natural. The US dollar is 66,48 RUB (+0,5%). Here, the value of oil has not only dynamics, but also the potential worsening of the geopolitical background. The likely range of movement in the pair dollar/ruble on Monday is 66,25-67,10 RUB and EUR/RUB – 75,15-76,50 RUB.
Index Mosuri will hold today in the hallway 2285-2315 points.
“Abrau-Durso” can enter the Chinese alcohol market, stated the company owner Boris Titov. Now wine factories “Abrau-Durso” are poorly represented in China, but the situation may change after the creation of the production of light champagne and wine. At the moment, with China negotiations on investment, if we can agree, “Abrau-Durso” will begin the production and supply of sparkling wines for a large Chinese trading networks that will allow the company to improve its financial performance.
In the 1st half of 2018, the company showed growth in revenue and net profit year-on-year, however, production costs and operating costs remain quite high and eat up a significant portion of the profits.
However, if the relationship with the Chinese will develop positively in the near future, we can expect a rise in the shares of the company, it is likely that the action “Abrau-Durso” to return to the mark of 200 rubles.
Among other corporate events is to provide a closure of registers of shareholders for participation in the EGM of shareholders of OAO Tatneft and NOVATEK. Today’s speech by the ECB President Mario Draghi and Bank of England Governor mark Carney.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari