Metallurgists' securities are holding back the decline in the stock market today
- MosExchange Index: 3175,13 (-0,62%)
- RTS index: 1,357.44 (-0,83%)
Tuesday's trading begins with a decrease in key Russian indices with a moderately negative external background. Oil prices are losing 1.3% in the morning and S&P 500 futures are retreating by 0.4%.
Markets as a whole remain near their highs after the November rally in anticipation of the vaccine. Vaccination begins today in the U.K., and in the U.S. the FDA may release documents evaluating the vaccine's clinical trial data.
Nevertheless, the pandemic continues to spread these days, causing increased countermeasures and isolation, which alarms investors. In California, new travel restrictions were announced yesterday. New York authorities also warned of similar initiatives.
On the Russian market, we see a moderate decline in shares of heavyweights in the first minutes: Gazprom (-0.24%), Sberbank (-0.25%), LUKOIL (-0.16%). At the same time we see strong growth in steelmakers' securities: by 2.5% up MMK sharesThe company, which is holding its Investor Day today, is up 1.5% on shares of Severstal, which rapidly closed the dividend gap.
The USD/RUB exchange rate for tomorrow is at 73.73 (+0.13%).
Leaders: HSCI (+3%), MMK (+2.5%), Lenta (+1.8%), ALROSA (+1.7%), Severstal (+1.5%)
Outsiders: Rusal (-1.5%), TMK (-1.5%), TCS (-1.2%), Mechel-ao (-1.1%)
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