Start of the day on the stock market: indices went down

  • MOEX Index: 3455.71 (-0.42%)
  • RTS Index: 1473.41 (-0.9%)

The Russian market declines at the opening of trading on Thursday amid a neutral external background. Decrease in the Moscow Exchange index is restrained at the level of 0.4%. The index remains less than 2% from record levels, and so far there has been no significant correction.

Oil quotes yesterday retreated from multi-month highs, and today they are holding below $ 56 on the Brent mark. OPEC’s monthly oil market report is expected to be released today.

S&P 500 futures are slightly higher. Market participants are awaiting statements from Joe Biden, who today may disclose details of his plan for a new stimulus package of financial assistance. Also noteworthy on Thursday is the speech of Fed Chairman Jerome Powell. The regulator’s position on the further purchase of assets worries market participants in the light of the rise in interest rates on government bonds.

The exchange rate of the USD / RUB pair with settlements tomorrow is growing by 0.23%, to 73.92. The RGBI government bond index remains at two-month lows.

Leaders: NCSP (+ 2%), RusAgro (+ 1.1%), HeadHunter (+ 0.8%), Moscow Exchange (+ 0.6%)

Outsiders: Orgsintez-up (-7.2%), Russneft (-2.5%), Bank SPB (-1.9%), ALROSA (-1.8%), Rusal (-1.5%)

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