This morning”s background is more negative for Russia”s stock market

On Tuesday morning on the equity market is negative dynamics caused by, inter alia, the drop in oil prices, but in the afternoon, the indices began to win back losses on rising U.S. stock exchanges: RTS (-0,03%), MICEX ( 0,30%).

Shares of oil and gas companies, despite the start closer to the closing trading prices for oil, had no time to go into the positive range: Gazprom (-0,3%), Rosneft (-0,4%), LUKoil (0.2 %). Papers of domestic banks look better than the market, despite the mixed record of Citigroup: Sberbank (1.7%), VTB (1.1%). Shares steel companies closed different direction: Severstal (-1.1%), CMI (0.5%), NLMK (1,5%).

Tuesday the U.S. stock market dominated by positive sentiment, the key indicators for the stock added more than 1%. Salable shares enjoyed health and high-tech companies. In Asian markets today, there is mostly negative dynamics caused by the fear that the Chinese government will restrict the growth of the country. Oil prices are showing a decrease - in particular, against the background of strengthening the dollar. A barrel of Brent crude oil is $ 77.

According to our estimates, this morning”s background is more negative for Russia”s stock market. Declining oil prices are likely to put pressure on shares of oil and gas companies. On the dynamics of trading today may influence the reporting of large international companies and statistics on the construction of new buildings and the index of producer prices in the United States.


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