The stock market started the day with a tangible drop

  • MOEX Index: 3,342.74 (-1.97%)
  • RTS Index: 1411.89 (-2.65%)

The Russian market slipped sharply at the opening of Friday trading, winning back the deteriorating external background. The American market went down yesterday against the background of continued growth of rates on the debt market. The 10-year yields are up to the S&P 500 dividend yield.

The rally in oil prices was also interrupted. Brent futures are losing 1.3% in the morning at $ 65.3. Earlier in the week, quotes rose above $ 67. OPEC + countries in response to rising prices may weaken the cuts as early as April 1.

The decline in the stock markets is taking place on a broad front. In Asia, Nikkei loses almost 4% and KOSPI loses 3%.

The ruble retreated against the dollar yesterday. During the evening session, the USD / RUB pair rose to 74.8, and today a rollback is taking place. The pair dropped to 74.56. At the same time, the government bond index in those minutes made a new leap downward, updating the lows since April.

In the first minutes, shares of heavyweight Sberbank and Gazprom lost 1.3% and 1.1%, respectively. Rosneft sank 0.8%, LUKOIL depreciates 0.6%. Non-oil exporters, in particular PhosAgro and Severstal, look somewhat better than the market.

A House vote on the stimulus package is expected today, as well as approval of the J&J vaccine.

Leaders: Levenguk (+ 16%), HeadHunter (+ 4%), PhosAgro (+ 0.8%), Detsky Mir (+ 0.4%)

Outsiders: Beluga (-5%), Lenta (-2.8%), Rusolovo (-4%), BSP (-2.16%)

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