The Russian stock market on Thursday began trading explosive growth
The Russian stock market on Thursday began trading explosive growth. To date, the main stock indicators increase in average of 0.8%. Among the leaders of demand are allocated shares of “Sberbank” and “Raspadskaya”. Pressure remain of the paper “M. Video” and “ALROSA”.
External environment to the new session was positive. Us indices finished the last trading active purchases index futures S&P in premarket trading in the green zone. Oil prices continue climbing. A barrel of Brent is now worth $65,03 (+1.1 percent). Positive covered the global capital markets, not at once: first, overseas investors have played an evening block of the American statistics, which showed an acceleration of inflation and the fall in retail sales and then went back to shopping.
Statistics from the US Department of energy came out better than expected. The oil reserves in the country, on the 9th of February increased by 1.8 million barrels with an average forecast increase of 2.5-3 million barrels. Gasoline inventories fell by 3.6 million barrels, distillate inventories increased by 0.5 million barrels. This allowed for the commodity sector to dramatically grow up the day before and keep the upside momentum for today.
Euro/dollar on Thursday morning is 1,2470 and moderately expensive. Today the market will wait for the continuation of the publication of the us statistics, but it is unlikely the differences are as great as the day before.
The Russian ruble strengthened at the start of trading Thursday to a basket of currencies. Dollar worth of 56.64. (-0,15%). The probable range of fluctuations in the USD/ruble today is 56,50-of 57.35. Euro/ruble protorguetsya within the boundaries of the 70,50-of 71.00.
Index Mosberg managed to break today the mark of 2270 points. Consolidation above it will open the way in the area of 2290-2300 points. However, it is quite possible that now the strength of the market is not enough, and the session will be held within 2260-2285 points.
The Ministry of Finance of Russia in the near future is preparing to place Eurobonds. Deputy Minister of Finance stated that the selection procedure of the placement completed, but their names were not disclosed. We assume that among the main contenders for the IPO of the largest Russian banks and investment companies, such as VTB, Renaissance capital and Sberbank.
The Ministry will issue Eurobonds with the aim of returning capital to Russian entrepreneurs from abroad amid sanctions. Entrepreneurs who invest their funds in these securities will be exempt from paying tax on income at the time of release of bonds occurred on the background of changes in the exchange rate. The Ministry also ensures the anonymity of transactions, if the entrepreneur opens an account in a Russian Bank, who will directly interact with the National settlement Depository.
Thus, the number of businessmen will be able to avoid material losses in the result of a new round of us sanctions. Given the speed of implementation of this allocation, demand for paper will be great.
Cherkizovo group will stop the listing of the GDRs on the London stock exchange. Financial statements according to IFRS for the year 2017 will publish the “pole”. In China begin to celebrate the New year on the local trading floors early close. The EU’s present trade balance for December. Jobless claims, producer price index and industrial production will be published in the USA. In Canada will publish the unemployment rate in the non-agricultural sector.
The Director of analytical Department,