The Russian stock market was not able to keep the position conquered in the morning. American investors once again decided to extract stocks, and took the indices at the end of the day to a good minus. No reasons for sales again. But it is alarming. It is possible that the correction in the States may be aggravated by Russian papers.
Yesterday, ferrous metallurgists were trading yesterday. While waiting for the suspension of world prices for steel is not justified. With this situation, the annual dividend yield of Severstal and NLMK (MCX: NLMK) may exceed the Surgutneftegaz prefers, which is estimated by more than 15%. Naturally, with such disruption, paper will be in demand and it is very weak.
Better market was also the shares of oil companies due to the next take-off of oil prices. The media passed the information that OPEC countries + may decide not to increase production due to the unstable situation in the oil market and the weak restoration of the global economy. The Monitoring Committee yesterday did not endure any recommendation, which indicates the existing disagreements on this issue. Today we are waiting for the decision of the ministerial committee.
If the decision does not increase the extraction will still be accepted, then oil is short-term can scorch higher than 66 dollars per barrel.
Supported oil and statistics from the US Ministry of Energy, which fixed the preservation of the level of average daily production in the region of 10 million barrels. At the same time, oil reserves increased dramatically and fuel decreased. This suggests that American refinery has not yet recovered from the consequences of recent abnormal cold.
Today, the external background is newly negative: American futures are decreasing at halfrship. So we will open in the minus.
Shares of Sberbank (MCX: SBER) today will not be able to continue the upward movement after the triangle breakdown with the target of 290 rubles. Now paper is important to keep support for 253 rubles. When risky investors approaching it approaches it, you can advise to buy a savings based on the resumption of its growth.
We advise you to care with the shares of the oil market. Still, the risks of oil correction at a mark of $ 60 per barrel is great.
Withd no special change yesterday auction ruble. In the morning, the Russian currency already loses about 0.15% to the dollar. At the external negative, we are waiting for the continuation of the ignition of the ruble, but the resistance of 74.7 in a pair of the dollar-ruble is most likely today stands.
Chief Analyst Alor Broker Alexey Antonov
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