- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Igor Rapokhin
- Konstantin Samarin
- Research Team
- Yuri Popov
CIS Market Daily - February 14, 2022
MARKET COMMENT - SHARP RETREAT ON US REPORTS REGARDING UKRAINE, GLOBAL RATES CONCERNSThe RTS fell 5.0% on Friday to reach 1,470, while early morning futures signal another 4.5% drop early today. US media reports and officials' remarks regarding Ukraine have weighed on Russia assets, but the global market environment is also weak due to rates and inflation concerns. The MSCI ACWI retreated 1.5% on Friday, and global markets are mostly still in retreat today. We expect high volatility today both in Russia and abroad, while a full schedule of political events, results releases and summits looms this week, which we detail inside.STORIES> Market reaction to US rhetoric, other events to watch this week> Russian federal budget posts R125 bln surplus in January> CBR Review: Two 100 bp hikes in a row, one more likely to follow in March> Rosneft 4Q21 IFRS review: Weaker than expectedOJSC 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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