- Andrey Kuznetsov
- Andrey Gromadin
- Anna Kotelnikova
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Irina Lapshina
- Mikhail Krasnoperov
- Rodion Lomivorotov
CIS Market Daily - July 11, 2019
MARKET COMMENT - THANKS, JAYDovish remarks from Fed Chairman Jerome Powell led markets to weaken the dollar and even reconsider some chance for a 50 bp cut from the Fed, generally benefiting risk assets yesterday. The MSCI EM gained 0.6%, while Russia was in the middle of the group, the RTS rising 0.9% to 1,408. The S&P 500 topped 3,000 points for the first time yesterday before closing up 0.5% at 2,993. Oil benefited from US inventory draws and Middle Eastern tensions, reaching more than $67/bbl Brent. Another busy day looms for central bankers, with Powell to appear in the US Senate, ECB minutes due, and remarks planned from BoE Governor Mark Carney and five other top Fed officials. STORIES> US House to consider amendment sanctioning new Russian sovereigns> Russian weekly inflation at 0.1% over July 2-8> Budget surplus of R1.6 trln in 1H19; May spending lowered by R132 bln> Rosneft, Neftegazholding to ask for extra tax breaks for planned Arctic JV> Alrosa June sales: Continuing weakness heading into slow season> 2Q19 Sberbank CIB Ivanov Consumer Confidence Tracker releasedAK Alrosa PAO. AK Alrosa PAO (Aktsionernaya kompaniya ALROSA PAO or ALROSA Company PJSC), formerly AK Alrosa OAO, is a Russia-based company which is principally engaged in the exploration, mining, manufacture and sales of diamonds. Its operations include five Integrated Mining and Processing Complexes: Mirny, Udachny, Aikhal, Anabar and Nyurba located in the Sakha Republic; sorting divisions and diamond cutting and polishing division. The Company is a member of variable diamonds associations. It operates through several representative offices, branches and subsidiaries, including Alrosa-Nyurba OAO, Almazy Anabara OAO and Severalmaz OAO.
OJSC OC Rosneft is a vertically-integrated Russian oil and gas company with upstream and downstream operations in each of Russia's oil-producing regions. Headquartered in Moscow, Co. operates ten oil and gas producing enterprises across Russia and is involved in over ten exploration projects. In addition to its upstream operations, Co. also owns two refineries, which have a combined capacity of 10 million tons per year, as well as four main oil export terminals and a nationwide network of over 600 service stations. Co.'s downstream operations consist of its crude oil export structure, refining operations and nationwide network of marketing subsidiaries.
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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