The benchmark for the Moscow Exchange index for today: 3250-3300 points


Market the day before

The trading dynamics were multidirectional. The securities FXCN ETF (FXCN 3 890.5, + 2.46%), which fell the day before, rebounded. Shares of NLMK (NLMK 209.38, -5.01%) and other companies in the metallurgical sector went down. The USD / RUB pair remained close to 74.

Market and company news

The analytical center of Sberbank (SBER 272.2, -0.91%) predicts economic recovery. The slowest growth rates are expected in the commodity sector. Oil demand in the same volume can recover only in a year, and the price, according to the forecast, will be close to $ 50 per barrel. The Russian economy may fully recover within the next year amid slowing inflation and stronger domestic demand. We do not consider this forecast to be conservative, as a full recovery may indeed take three to four quarters. However, a faster return to the previous volumes is not ruled out, if demand on foreign markets will contribute to this. An additional factor is the weakening of the dollar while restraining the rise in prices on the domestic market. This will reduce exporters’ margins, but overall will help revive the economy, consumer sector and lending.

Trading Ideas

HeadHunter (HHRU 2 320.2, -1.40), spec. purchase, purpose: 2 600 rubles. The company’s quotes are growing after the successful placement of bonds. We believe that HHRU shares have the potential to become the growth leaders in 2021 amid successful business development and employment growth.

Expectations

We expect mixed dynamics. Trading activity will be low due to the long weekend approaching. Forecast for the USD / RUB pair: range 73.00-74.00. The benchmark for the Moscow Exchange index: 3250-3300 points.

  • More forecasts and news on Fortrader’s channel Telegram

Market forecasts, analytics and stock news

Libertex [CPS] WW

xemarketsforex

xemarketsforex

MTP Procurement Management Procurement Bidding SRM Cost Optimization Team Management Cost Management SAP ERP Management Skills SAP ERP 1C Supply Control SAP / SRM SAP / R3 Analytical Thinking Working with Suppliers Result Oriented System Thinking Process Management Strategic Planning Project Management MsOffice Negotiations with company top officials Organization of procurement procedures Oil trading

Read Previous

After reaching $ 30 thousand for BTC, the bitcoin rate is threatened with a fall

Read Next

Buyers in EURUSD have taken a time out