Financial News and Economical Crisis

On Monday, Russia's stock indices rose after oil prices and foreign exchanges: RTS (1,75%), MICEX (3,66%).

driver for the shares of oil and gas companies have grown up the oil price: Gazprom (2,3%), Rosneft (2.9%), LUKoil (1.8%). Papers of domestic banks look better than the market, in particular, to a weaker dollar: Sberbank (6.5%), VTB (5.1%). Most of the shares of steel companies have also enjoyed increased demand: CMI (1.4%), NLMK (5,1%), Severstal (4,0%).

On Monday, U.S. stock indexes have added an average of 0,9% against the background of positive corporate reports. Asian markets today are also showing growth, the driver of which was reporting company Apple, which has appeared better expectations, and issued by the Central Bank of Australia's intention to continue raising interest rates as economic growth accelerates. The weakening U.S. dollar, positively impacted on commodity markets, in particular, the price of Brent crude soared to $ 78 per barrel.

According to our estimates, this morning's background is positive for Russia's stock market. At the opening, we expect growth in most liquid securities. Lead a positive dynamics of oil and gas companies can share in rising oil prices. Today will be a meeting of the Board of Directors of the Central Bank of Russia, which may be considered to reduce the refinancing rate. A positive solution to this issue may have a positive impact on the market as a whole. From the statistics today on the course of trading may affect the data on the construction of new homes in the U.S., which will be published at 16.30.

The dollar went down

If the National Bank will not start buying the dollar on the interbank market, its rate may decrease …

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