Russian equities predominantly headed south on Friday, as the global environment remained depressing; The MICEX index declined 0.7%, and the RTS lost 1.1%. O&G majors declined in line with the market; Gazprom (-0.6%), Lukoil (-0.9%), Rosneft (-1.0%). Steel producers also closed the last day of the week in the red;…
Russian equity benchmarks continued to head south yesterday, discouraged by slowing economic growth in Asia and the absence of visible progress on European debt issues. The MICEX index inched down by 0.4%, while the RTS underwent a much more significant 2% correction, with substantial damage done during the evening session.…
Russian equity benchmarks rebounded on Tuesday after closing five straight sessions in the red. The RTS and MICEX indexes ended the day about 2% above the previous close. O&G stocks performed in line with the market supported by a healthy climb in crude prices; Gazprom (1.4%), Lukoil (2.3%), Rosneft (3.3%).…
Russian equity benchmarks kicked off Monday with a healthy rebound reflecting the easing of political tension inside the country. However, an encouraging opening gradually turned into another round of heavy sell-offs at the end of the day, triggered by Moody’s intention to revise European sovereign rates. Investors paid little attention…
The Russian stock market continued to head south on Thursday, as European leaders struggled to find a resolution for the regional debt crisis. The MICEX index inched 0.7% down, while the RTS shaved off 0.9%.O&G stocks closed the day on a mixed note as Gazprom (-0.9%) and Lukoil (-0.8%) retreated,…
The Russian stock market underwent a sharp drop on the 6th of December, as the post-elections protests reminded some market participants of the situation in Northern Africa earlier this year. The MICEX index sliced off 4.0% and the RTS fell by 4.4%. We believe the sell off was a clear…
Russian equities appreciated on Monday encouraged by new signs that EU leaders would be able to work out an approach that could help to ease the regional debt crisis. The MICEX index climbed 0.8% and the RTS appreciated by 0.4%. O&G majors appreciated in line with the market; Gazprom (0.8%),…
Last Friday, the Russian stock markets ended on a mixed note, having been restrained by uncertainty over parliament elections and concerns that European leaders would be unable to act as decisively as needed to fight the ongoing debt crisis. The MICEX index ended the day nearly unchanged while the RTS…
After rapid upping on Wednesday the markets took a break yesterday. Disappointing data on the labor market of the U.S. did not allow the Russian market to close with significant positive. After trade close in Russia data on PMI Manufacturing came out in U.S., which first pulled the American indices…
After FED announced its coordinated action and five CBs having announced reduction of the interest rates to dollar swaps. That resulted in the rapid upping at share markets: FTSE 100 added 3.16%, and S&P 500 grew by 4.33%. Main events Severstal is separating Nord Gold. Severstal announced separation of…
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