The Russian market will trade today with an eye on inflation in the U.S.
Meanwhile, the situation on the external platforms looks unhappy. Inflationary fears and expectations of faster-than-expected curtailment of the U.S. economic stimulation programs by the Federal Reserve System came to the markets again. U.S. broad market indexes finished the day with about a percentage drop. True, the NASDAQ closed near zero, but it was too early to speak about the end of the high-tech sell-off phase.
Before we open, US futures are losing another 0.5 %, precious metals are down. Crude oil is hanging around zero. Therefore, the opening will be around yesterday's close, maybe with a slight decline.
Sberbank was pleased yesterday, dropping about three quarters of its dividend yield. This was largely due to the bank's traditionally strong April financials. We expect Sberbank to continue closing the dividend gap quickly if the external environment improves.
Today is the last day with dividends traded . Yesterday it was actively bought up under dividend yield in the amount of about 5 %, having provided the paper with renewal of historical maximums. The speed of closing the dividend gap will largely depend on the external background, but now the stock is locally overbought and, in our opinion, is traded at a "fair" value. Therefore, we do not expect the stock price to quickly return to the "pre-dividend" level, most likely, it will take about a month.
Among promising ideas we should note shares of commodity producers. VSMPO Avisma is also worth buying on drawdowns. With a great stretch, this list can also include ferrous metallurgists, but it is worth reserving free funds for averaging in case the claims of the antimonopoly agency to them will prove to be high.
Speculatively you can try to take , which on the sell-offs of high-tech in the U.S. went into the support zone.
The oil market looks pale, despite comfortable oil prices and production growth within the framework of the OPEC+ deal. It is better to wait for the formation of a growth wave, and it is bound to happen, and then join the movement.
The dollar-ruble pair is looking for an equilibrium zone around 74. We do not expect a strong movement of the Russian currency so far. Withdrawal of political and sanctions risks has already been paid off. Further strengthening of the ruble will be hindered by the weakness of the domestic economy and its strong dependence on imported components, which rose in price due to rising raw material prices.