on November 11 the Russian market were traded without significant changes to the closure yesterday, but trading volumes were high, said the analyst “Discovery Broker” Andrei Kochetkov.
Continued to grow paper steelmakers, reacting to the increase in prices of metals: RUSAL RDR (+7,9%), Mechel (+4,37%), NLMK (+2,67%), GMK “Norilsk Nickel” (+2,53%). The Board of Directors of the company recommended shareholders to approve dividends for 9 months of the year in the amount of RUB 444,25, the dividend cutoff is scheduled for November 21. Other exporters also benefited from the weakening of the ruble: “FosAgro” (+of 2.91%), ALROSA (+2,09%), “Akron” (+1,64%). Market expectations are so high that the paper “RUSAL” has not responded to the report by IFRS, showing a profit decline in January-September by 35.3% to $ 534 million, “Rosneft” (-0.75 per cent) reported a decrease of profit under IFRS in January-September, 2.3% to 129 billion rubles, and the company’s debt increased to $ 46.3 billion, Bought “Rosneft” the company “Bashneft” (-0,3%) also reduced its profit under IFRS. I n January-September, the company earned 34,034 billion rubles, or 1.5 times less than in the same period a year ago. Weaker all traded securities “Mosenergo” (-7,49%), which showed spectacular growth in the beginning of the month. Were corrected and the paper “inter RAO UES” (-2,31%) on fears of growth of debt of the company in connection with the possible purchase of “ENEL Russia”.
the Ruble ended the week with a weakening against the dollar. By the middle of Moscow trading, the barrel of Brent was about 2 980 RUB one-Day rate MosPrime has grown by another 4 basis points to 10.23%, and the month remained unchanged – at the level of 10.48%. Destructive influence on the ruble has had a total growth of return on bonds, as the American and the European and developing countries. With the growth of the yield of debt instruments denominated in currencies of funding, pressure was put on more risky assets. An additional reason for the weakening of the ruble became the oil that crept close to $ 45 per barrel, as well as the adverse macroeconomic statistics – the Federal budget deficit reached 1 trillion 580 billion 716 million rubles. Simultaneously weakened and the currencies of developing countries. However, it is hoped that next week the situation will be corrected as the dollar index encountered strong enough resistance above the value of 99.0. 15:21 (GMT) USD/RUB rose 0.4% to 65,737, EUR/RUB was up 0.3% to 71,495.
On the European markets, investors took profits in securities that have shown a sharp increase in the winning trump, and picked up stocks came under strong pressure. In other words, the observed expected Friday’s correction. Accordingly, he was punished sectors of pharmaceuticals, Finance and raw materials: Sanofi SA (-1,31%), Societe Generale (-1,48%), UniCredit SpA (-1,05%), Anglo American (-1,36%), BHP Billiton (-2,62%). In positive territory were traded auto manufacturers and paper companies which are usually attributed to the dividend. Shares of Allianz SE added 2% after the release of strong statements. The statistics include only data from Germany, where adjusted 0.7% in October, while the forecast of 0.8%.
the oil Market continued to decline on concerns that are regularly heard in the review. On the eve of the IEA warned that the excess supply can persist beyond 2017, if OPEC agree on production cuts. Besides the expected increase of production in such countries as Russia, Kazakhstan, Libya, Nigeria. In such circumstances, the price per barrel could drop below $ 30. Then the market itself will adjust policy manufacturers.
And a little bit about metals. Until the morning of 9 November, the speculators are “warmed up” the gold that was supposed to protect from victory trump, but the concept has changed and now the ounce is trading below $ 1260, and copper tries to take the level of $ 6000 per tonne and Nickel approaching $ 12000. Naturally, this is due to the expectation of growth in public spending on infrastructure. However, not all is lost for gold.
Many economists point out that trump will become inflationary President. Accordingly, a tool such as gold, will have to have its say in the fight for the preservation of capital from a future weakening of the U.S. currency. 15:20 (GMT) Brent crude oil was worth $ 45,25 per barrel (of -1.29%), WTI – $ 44,01 (-1,46%), gold – $ 1257,3 (-0,72%), copper – $ 5917,23 (+5,21%), Nickel – $ 11770 (+1,99%), palladium– $ 686,2 (-1,48%).
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