In the middle of the week, developed markets switched to consolidation against the background of the poverty of the news background and the absence of surprises in the speech of the head of the Fed J. Powell. Thus, in Europe, key indices have lowered moderately, and American exchange indicators showed a multidirectional dynamics - only industrial Dow Jones IA (+ 0.2%) was added, supported by increasing the shares of the oil and gas sector. But the technological NASDAQ Composite (-0.3%) rolled back from the maxima reached, despite the positive news from Twitter (+ 13%), "investors preferred to start partially fix profits for a number of" chips "Hi-Tech and consumer segment.
From economic publications, we note the release of data on consumer inflation in the United States in January, the pace of which turned out to be slightly lower than the expectations, indicating the continuing lethargy of inflationary processes (the total CPI rose by 1.4% y / y, intensifying growth from 1.3% y / y In December, the basic indicator, without taking into account volatile fuels and food, added 1.4% y / y, on the contrary, slowed down from 1.6% y / y month earlier).
In general, it can be stated that the markets are lack of news reasons.
As the morning of Thursday supporting, however, the first personal telephone contacts of the US President J. Baiden and the heads of the People's Republic of China Jiangpine are held, during which the Chinese leader called for cooperation and search for compromises: It is unlikely that American politicians will undergo fundamental changes, Despite the change of the president. Today, "long" weekends begin in the PRC and Korea associated with the onset of the Moon New Year, which contributes to moderate pressure on commodity assets. Closed and Japanese stock exchanges. Therefore, the trading activity in the Asian markets is low, conditioning the weakness of the deviations of the main indices (India is slightly growing, Australia is reduced). Neutral dynamics show futures for US indices. We believe that in world markets will continue to regenerate an idleness during the day.
Yesterday, the Mosbirgerian index was again under pressure, losing 0.8% and roll over to the mark of 3400 points. In view of the deterioration of the external background, the market participants preferred to start fixing the profits on the "Weight" sectors, which brought out Gazprom shares (MCX: GAZP) (-2.0%), NOVATEK (MCX: NVTK) (-2.2%) in Outsiders (-2.0%) LUKOIL (-1.8%) and Mosbierzhi (-2.0%). Also noticeably rolled back and superheated peak (MCX: Pikk) (-2.5%). In the growth leaders there were only papers supported by the news: M.Video (MCX: MVID) (+ 4.1%), continued to find a new strategy and Div. Politics, TCS (+ 3.5%), on the news on inclusion in MSCI RUSSIA (NYSE: ERUS), and Yandex (MCX: YNDX) (+ 3.1%). The Russian Stock Market looks very vulnerable, however, the stabilization of the external background and the finding of Brent quotes above $ 61 / Barr. In our opinion, they can contribute to the weakening of correctional sentiments today. We are waiting that on Thursday, the Mosbiergie index will go to consolidation in the area of 3,400 points. From the corporate events of Thursday, I will select the NLMK publication (MCX: NLMK) of financial results.
Evgeny Loktsyukhov, Head of the Department of Economic and Sectoral Analysis of the PSB
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