Bounce of the stock market at the opening looks unconvincing

  • MOEX Index: 3407.27 (+ 0.22%)
  • RTS Index: 1455.04 (+ 0.46%)

On the Russian market there is a slight rebound in key indices at the opening of trading on Thursday. The last two trading days were left with sellers, while the external background was not bad.

The concern of market participants in the first half of the week was caused by the statements of the representative of the European Union about the possible introduction of new sanctions against Russia. Discussion of relations with Russia is expected on February 22.

At the same time, oil quotes are holding at annual highs – above $ 61 per barrel of Brent. Today we expect the publication of the monthly reports of the IEA and OPEC on the oil market.

American indices remain at record levels. Futures for the S&P 500 in the morning is rising 0.17%, against yesterday’s decline in the index by 0.03%.

The ruble is holding up well against the backdrop of government bond prices. The USD / RUB pair is down 0.26%, staying at 73.75, around three-week lows.

In the first few minutes, blue-chip dynamics are restrained. Shares of Gazprom and Sberbank are losing 0.1%. LUKOIL depreciates by 0.3%.

Leaders: Rusolovo (+ 4%), Cherkizovo (+ 2.3%), Mechel-up (+ 1.5%), PIK (+ 1.3%)

Outsiders: M.Video-Eldorado (-0.8%), Rusal (-0.5%), Yandex (-0.6%), ALROSA (-0.5%)

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