- Andrey Kuznetsov
- Cole Akeson
- Fedor Kornachev
- Georgiy Ivanin
- Research Team
CIS Market Daily - July 7, 2021
MARKET COMMENT - DEFLATING REFLATION TRADE, CYBERSECURITY ALLEGATIONS WEIGH ON MARKETMarkets weakened late in the afternoon Moscow time, as disappointing US services PMIs triggered a retreat in the so-called reflation trade after a string of worrisome global market headlines. The MSCI ACWI trimmed back 0.3%. The RTS fell 1.2% to 1,465, with some particularly sharp declines in reflation-sensitive metals stocks. Cybersecurity headlines may weigh on the Russian market today, while the global backdrop is more mixed. STORIES> Russian investor statistics: Inflows continue, first signs of saturation> Yandex to partner with Grubhub to offer robot delivery on US college campuses> Enel Russia plans to build another wind farm in Rostov RegionPJSC Enel Russia is a wholesale generation company in Russia. Co.'s main areas of operation are production of power and heat, supply (sale) of power and heat, receipt (purchase) of power and heat from the wholesale power (capacity) market. Co. is active in four production branches around Russia: in the Ural region - Reftinskaya GRES, Sredneuralskaya GRES, in the northern Caucasus - Nevinnomysskaya GRES, and in Central Russia - Konakovskaya GRES. Co.'s aggregate installed capacity is 9,677 MW for power and 2,382 GCal/h for heat. Co. provides power and heat to both industrial enterprises and household consumers via local power distribution networks.
Yandex is an internet and technology company that operates an internet search engine in Russia. Co. builds intelligent products and services powered by machine learning. Co.'s products and services are based on complex, unique technologies that are not easily replicated. Co. generates substantially all of its revenues from online advertising. Co. also generates revenues from its e-commerce offerings, classifieds and e-hailing service. Co.'s businesses are organized in the following operating segments: Search and Portal; E-commerce; Taxi; Classifieds and Experimental businesses.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.