Market Outlook

23.04.2019

The Russian equity market ended in the black for the third consecutive week, outperforming its peers. The MSCI World index rose by 0.1% and the MSCI EM index gained 0.3%, in US dollars terms. A rise in oil prices continued to support the Russian market.

23.04.2019

The Russian equity market ended in the black for the second consecutive week, outperforming its peers. The MSCI World index rose by 0.5% and the MSCI EM index gained 0.4%, in US dollars terms. A sharp hike in oil price was the main driver in the Russian equity market. Brent Crude rose above $71 per barrel, hitting five-month high. OPEC supply cuts, sanctions on Venezuela and Iran and conflicts in Libya continue to favour oil prices - despite fears of slowing global economic growth.

09.04.2019

Optimism on the global market helped Russian equities to perform well. Last week, the Russian market rose almost in line with MSCI EM and MSCI World indices, which gained 2.6% and 2% in USD terms, respectively. However, rising oil price did not add to the Russian market’s performance.

03.04.2019

The Russian equity market fell last week amid talks about potential US sanctions on Russia. Bloomberg reported on Friday that the White House is considering a new package of Skripal-related sanctions and may impose them in the near future. The exact measures and restrictions to be imposed are not yet specified.

26.03.2019

The Russian equity market edged into the black for second consecutive week, outperforming its peers in US dollar terms. The MSCI EM index gained 0.2%, and the MSCI World index dropped 0.6% amid concerns over slowing growth in the world’s leading economies.

20.03.2019

The Russian equity market edged into the black last week, following a global rally: the MSCI EM index gained 2.7% and the MSCI World rose by 2.9% in US dollar terms. This was largely driven by the US-China negotiation progress and the Brent crude price rise of 2.1% in US dollar terms.

12.03.2019

The Russian equity market outperformed its peers last week thanks to the oil price recovery. Global markets had their poorest performance in nearly three months. This was mostly due to the lack of a resolution of the US-China trade dispute and the ECB’s downgrade of its economic growth forecast for the eurozone to 1.1%.

05.03.2019

The Russian equity market declined slightly last week in line with the overall EM market. The MSCI EM index fell 0.7% over the week. There was no additional pressure on Russia from oil price decline or from publication of the suggested law amendments regarding sanctions on Russia from the US. MSCI World rose by 0.5% thanks to positive speculation around US-China trade talks and the expectation that the trade deal is near.