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Killing Kozlov Didn’t Affect Exchanges of Russia
The benchmark of Russia’s Trading System (RTS) stepped up 0.65 percent to 1,566.39 Sept 14; the classic market turnover widened to $43.96 million. Sberbank (up 2.5 percent) and Surgutneftegaz (up 2.31 percent) were the RTS leaders Thursday. Unlike RTS, the MICEX index shed 0.2 percent to 1,381.32.
The U.S. indices were moving sideways. Dow Jones and S&P500 lost 0.1 percent each to 11,527.39 and 1,316.28 respectively, while NASDAQ climbed 0.05 percent to 2,228.73. The market engine was the mactroeconomic statistics promulgated Sept 14, which showed that the retail growth (less car sales) failed to match up forecasts and the prices for imported goods were accelerating, analysts from Broker Credit Service (BCS) explained.
The crude went down on NYMEX again. October futures for WTI lost $0.75, 1.2 percent, to $63.22 per bbl and Brent shed $0.75 to $62.99 bbl on ICE once the U.S. Department of Energy reported material increase in stockpile of natural gas and petroleum refining. Another reason could be the general drop in demand, as most refineries have closed for preventive repair before the winter season, said analysts of K2kapital.
The Central Bank of Russia (CBR) set the Sept 15 exchange rate at 26.8015 rubles/dollar, allowing the U.S. currency to appreciate 0.3 kopeks vs. the currency of Russia. To the contrary, the European currency lost 1.7 kopeks to 33.9977 rubles/euro.
Of yesterday’s news, the major ones were, perhaps, the statements of top-ranked officials of Russia about killing Andrey Kozlov, first deputy chairman of the CBR. The high-profile banker was shot by gunmen outside a Moscow sports stadium late Wednesday and died in the hospital yesterday morning. Another news that probably affected the market was the improved outlook of the IMF on growth in global economy.
www.kommersant.com
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