CIS Market Daily - July 9, 2021
MARKET COMMENT - COVID-19 VARIANT CONCERNS CATALYZED ECONOMIC RECOVERY WORRIESEquities saw their sharpest global drop (MSCI ACWI -1.0%) in three weeks, with concerns about the more recent Covid-19 variants catalyzing fears about the global economic recovery. Russia performed in line with peers, the RTS declining 0.8% to 1,628. Although Hong Kong, Europe and oil show signs of buying the dip this morning, the overall picture remains mixed. STORIES> Continued outflow for EM and FM equities while Russia was flat> Putin lifts ban on charter flights to Egyptian resortsPJSC Aeroflot Russian Airlines is an international air transport company which is engaged in operations in Russia. The principal activity of Co. is the provision of passenger and cargo air transportation services both domestically and internationally and other aviation services from its base at Moscow Sheremetevo Airport. Co. and its subsidiaries also includes activities comprising airline catering, the operation of a hotel and insurance services. Associated undertakings mainly comprise hotel and duty-free retail businesses. The principal business segments are airline operations, airline catering, hotel operations and other.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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