On Wednesday, world markets were able to overcome the negative attitude observed in the morning, and demonstrate moderate growth. Despite the resumption of pressure on the "chips" of Hi-Tech, a certain rollback of dollar bets and stabilization by the end of the day of the situation in commodity markets, which ensured the revival of demand for cyclic sectors (in the leaders of growth in the United States, the oil and gas sector came out, as well as stocks. Financial institutions and the skillelurgical sector). As a result, the index of developing countries MSCI EM added 0.5%, the stock markets of the eurozone increased moderately. The main American indices again did not show a single dynamics - industrial Dow Jones Ia added 1.5%, the failed to update the historical maximum, but the technological NASDAQ Composite has not changed at the end of the day. The S & P500 index managed to add 0.5%. From the events of the day, we note the approval of the Chamber of Representatives of the US Congress final version of the stimulating program (US President J. Biden, as expected, will sign a bill on Friday), as well as the publication of February data on consumer inflation in America. The latter had a certain support - the total CPI accelerated to 1.7% y / y, indicating that the current levels of the "long" rates in dollars are quite acceptable and correspond to inflation processes, and the basic CPI (excluding energy and food), on the contrary, a little slowed down, up to 1.3% y / y (in January was 1.4% y / y).
As of the morning, the Wednesday World Markets are stronger. Asian markets grow, driven by confidently bounce from 2-3 month-old minima by Chinese and Korean indices, futures for US indices - in a moderate "plus", the situation in commodity markets develops in a positive key. We are waiting for the conservation of growth trends in global markets today.
The Mosbier index (-0.5%) on Wednesday was trying to overcome the mark of 3,500 points, but by the end of the trading day it was losing all intraday acquisitions, completing the day a moderate decline. Profit fixation was primarily the "chips" of the oil and gas sector, rapidly thinning the previous 2 days. In Outsiders of the Day - Shares of Lukoil (MCX: LKOH) (-2.8%), which submitted inexpressive financiality, Bashneft (MCX: Bane) (-1.9%), Rosneft (MCX: ROSN) (-1.7%) and Surgutneftegaz (MCX: SNGS) (-1.7%). Weakly looked at Pole (-2.8%) and Sberbank (MCX: Sber) (-1.1%). Confident increase in individual liquid papers of other sectors (RUSAL (MCX: RUAL): + 3.7%; TMK (MCX: TRMK): + 3.5%; System (MCX: AFKS): + 2.1%; Magnet ( MCX: MGNT): + 1.8%; Severstal (MCX: CHMF): + 1.4%) only softened the market rollback as a whole.
Improving the external background and the fortress of oil quotes as of the morning of Thursday will be able to support the stock market and return the demand to the "weight" paper: we expect that the zone 3450-3500 points on the Mosbier index will retain its relevance, and do not exclude new attempts to check for strength The area of historical maxima in the event of preserving a positive attitude in global markets. From significant domestic news, we note the publishing of TGK-1 financiality (MCX: TGKA) and TCS Group (LON: TCSQ).
Evgeny Loktsyukhov, Head of the Department of Economic and Sectoral Analysis of the PSB
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