The threat of sanctions has affected the stock market
At the same time, blue chips are going up in price in the first minutes.
Oil prices were still supported yesterday. Today it persists after OPEC+ decision to continue production in April at the same level: previously it was expected to increase by 1.5 mln bpd.
The weak point now is the general sentiment in equity markets due to rising US government bond yields. Yesterday's comments by Fed chief Jerome Powell on the matter failed to convince the market of the future wellbeing. The S&P 500 futures are losing 0.2% in the morning.
Obviously, oil companies look better than the market in the first minutes: (+1.7%), Rosneft (+1.2%), Tatneft-ao (+1.1%). Shares of ALROSA (+2%), PIK (+1.7%) and Polyus (+1.5%) are also up.
Heavy and Gazprom add 0.7% and 0.4%, respectively.
lose 0.05% after the publication of the quarterly report.
The USD/RUB pair exchange rate has already played back the negative news about the sanctions in the evening and is down 0.38% today, to 74.41. The RGBI government bond index is only now reacting to this news, losing 0.36%.
Leaders: ALROSA (+2%), LUKOIL (+1.7%), PIK (+1.7%), Polyus (+1.5%), Rosneft (+1.2%)
Outsiders: MOESK (-2.6%), Cherkizovo (-2%), M.Video-Eldorado (-1.9%), Rusal (-1.1%)