The Russian market is in no hurry to grow
Oil prices slumped to $65 per barrel Brent this week amid the proximity of the US and Iran to a nuclear deal. Oil in rubles has already fallen to 4770, although recently it was near 5200. This puts pressure on the shares of Russian oil companies and the market as a whole.
Among the heavyweight securities, shares of Sberbank are also losing a quarter percent. which has been declining at an outstripping pace over the past few days, is now losing 0.05%.
The pullback is at (-1.7%) after yesterday's impressive gains on the back of the strong quarterly report.
The USD/RUB pair is up 0.01% at 73.5. The RGBI government bond index rises by 0.14%.
At the same time, the situation on global stock markets has stabilized in recent days. Earlier there was a development of correction of American indices, but sellers reduced their activity and S&P 500 yesterday returned to the closing levels of the previous week.
Today the market participants will be wagering on the release of the latest data on business activity in Europe and the USA.
Leaders: Raspadskaya (+2%), Rusal (+1.8%), M.Video (+1.2%), TMK (+1.1%)
Outsiders: Mechel-ao (-1.7%), Petropavlovsk (-1%), MMK (-0.5%), Surgutneftegaz-ao (-0.5%)