- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Georgiy Ivanin
- Konstantin Samarin
- Research Team
CIS Market Daily - December 2, 2021
MARKET COMMENT - HAWKISH FED, US OMICRON CASE AND GEOPOLITICAL DISAGREEMENTSMarkets fared well earlier in the day, as shown by a 1.2% gain on the MSCI EM and 1.8% gain for the MSCI Europe. The RTS climbed 2.5% to 1,687 in the market's best one-day performance in eight weeks. However, sentiment turned south during the US session as Fed Chairman Jerome Powell made more remarks taken as hawkish by markets and as the US reported its first case of the Omicron strain. Key US indexes fell 1.2-1.8%, and APAC, EMEA and Russia indicators are mixed or weaker this morning. Remarks from Russian, US and Ukrainian diplomats are likely to be in focus, in addition to the OPEC+ meeting and financial results.STORIES> Basic sector output growth picks up to 6.5% y-o-y in October, supported by recovery in agriculture> Weekly inflation accelerates to 0.46%> Gazprom operating update points to some improvement in export flows> Railcar loadings up 1.2% m-o-m in November, driven by crude oil and oil products
PJSC Gazprom is a gas company based in Russia. Co.'s principal activity is the sale of gas. Co. is also involved in other types of activities which include leasing of assets, gas transportation and storage services, sale of gas condensate and refined products. Co. and its subsidiaries and associates operates gas pipelines systems in Russia. Co. is responsible for substantially all gas production and high pressure gas transportation in the Russian Federation. Co. is also a major exporter of gas to European countries. Co. is directly involved in exploration and drilling for hydrocarbons, production of gas and other hydrocarbons and domestic and export sale of gas and other hydrocarbons.
Globaltrans Investment is a rail transportation company in the Russian Federation. Co. is engaged in providing a wide range of railroad freight transport and logistics services. Co. provides rail freight transport and logistics services, as well as certain ancillary services to industrial customers and medium-size corporate customers in Russia and to destinations within Russia and to Ukraine. Co.'s regional network encompasses 10 branch offices. Co. is a private participant in the transportation of scrap and ferrous metals and it has market positions in the transportation of construction materials and ores.
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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