The Russian stock market shows an increase of 0.5%

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The Russian stock market on Monday began the trading session higher. To date, the leading stock indexes rise in price at an average of 0.5%. A list of the morning leaders demand headed paper of the coal company Raspadskaya and industrial holding “Mechel”. Among the outsiders draw attention to themselves by shareholders “the Magnet” and “MTS”.
The external environment for today’s session was positive. The us markets on Friday finished shopping, index futures S&P before the next session of the retreat.
The price of oil this morning moving up. A barrel of Brent traded at $67,41 (+1%). Friday’s statistics from Baker Hughes showed a symbolic increase in the number of drilling rigs in the US by 1, but yoy there is a good lift. The market, however, the stats did not respond and continued recovering on the back of weaker dollar.
The Euro/dollar today is teetering around 1,1410. Grinbek still in the doghouse with investors, the market is watching the development of the dialogue between the fed and the White house: there, it inflames a drama about the effects of rising interest rates on the decline of the housing market.
Russian ruble in the first hour of the session today was mixed, but inactive a basket of currencies. The U.S. dollar is worth 66,00 rubles (+0,03%), today’s auction will be held within the boundaries 65,90-66,55 RUB for the pair dollar/ruble. Euro/ruble protorguetsya in the range of 75.00-75,75 RUB.
Index Mosuri will spend Monday in the area 2365-2395 points.
Russia is once again stepping up investments in Treasury bonds of the Ministry of Finance of the USA (US Treasuries), evidenced by the September data from the American office. At the end of September Russia belonged to US Treasuries for a total of $14,419 billion against $14,097 billion a month earlier. Russia began to increase its investments for the first time since may of 2018, when all trumpeted the sales of American bonds by the Central Bank of the Russian Federation.
It should be noted that the increase is small and is associated with the change of conjuncture in the debt market of the USA, which makes the investment quite attractive. In the future, the CBR is unlikely to continue to increase investments in us bonds, as political risks have not disappeared.
The largest holders of US Treasuries are still China and Japan, which, by the way, in September reduced its investment by $13.7 billion and $1.9 billion respectively.
Monday important news should also highlight the meeting of the Eurogroup. QIWI will hold “investor Day” in London. Also “investor Day” will hold MMC “Norilsk Nickel”. Meetings of the Board of Directors will be held at “M. Video”, “RussNeft” and “Gazprom”.
Alexander Razuvayev,
The Director of analytical Department,