The Russian stock market started the week shopping, the leaders of the campaign Megaphone

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The Russian stock market on Monday opened a modest shop. To date, the leading stock indices added about 0.2%. The list of growth leaders headed paper of the company “Enel Russia” and “MegaFon”. Under pressure are shares of “TMK” and “MTS”.
The external background to today’s trading has developed moderate. American markets ended Friday’s session on limited purchases. Index futures S&P premarket falls. Oil prices are teetering under the pressure. A barrel of Brent is $66,02 (-0,3%). Investors hardly reacted to statistics from Baker Hughes, which showed an increase in the number of drilling rigs per week in the United States.
The Euro/dollar in the morning is slightly decreasing and is trading around 1,2270. For the currency market an important event this week is the meeting of the Federal reserve system of the United States, where with high probability the interest rate will be increased. But most importantly for investors, even this is not very important comments of the fed on future fiscal steps. While everything is quite positive, and this keeps the dollar afloat.
The Russian ruble began trading Monday mixed movements in a basket of currencies. The US dollar is now 57,57 RUB (+0,13%). The pair dollar/ruble remained neutral against the backdrop of presidential elections in Russia: as has been said repeatedly, everything is already factored into prices. The pair dollar/ruble will meet Monday in the range of 57.35-57,85 RUB and Euro/ruble – in the range of 70,30-of 71.00 RUB.
Index Mosberg Monday will be traded within 2260-2300 points.
While in Russia summing up the results of the presidential elections, where by a large margin from the other candidates wins, the incumbent President Vladimir Putin, the Japanese government loses the trust of citizens. This publication reports The Asahi Shimbun, which conducted a survey among the population of Japan. According to the data, the rating of the government of Japan headed by Prime Minister Shinzo Abe since 2012 has decreased to a minimum.
In February, the rating has fallen 13 percentage points and amounted to 31%. The level of dissatisfaction with the government increased by 11 percentage points to 48%. The publication suggests that trust in government has declined due to the recent scandal involving the falsification of documents in the Ministry of Finance of Japan. In our opinion, except for scandal, the reason could be and inefficient economic policy of the Prime Minister. Economic growth remains weak, and stimulate the economy by weakening the national currency, despite massive injections, did not give tangible effect. In the end, the yen again strengthened.
We do not exclude that the Shinzo Abe government, may prematurely retire.
On the Russian market in the corporate sector today, a lot of events. Statements by FY 2017 will publish “MTS”, “Rusagro”, group of companies “Mother and child” and “Rosneft”. Meetings of the Board of Directors will carry out “Aeroflot” and “Transneft”.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari