Alfa Equity Team

Markets closed last week lower lacking catalysts: Markets worldwide, including Russian stocks, slipped lower last Friday – RTSI (-1.2% @ 1,228) and IMOEX (-0.7% @ 2,952) – frustrated by a lack of catalysts after the Fed failed to deliver on expectati...

Fed stance dampens market optimism: Markets were in a downward spiral yesterday after Fed Chief Jerome Powell failed to meet market expectations at the FOMC meeting on Wednesday evening. Russian equities followed global peers lower on Thursday – RTSI...

Markets assumed holding pattern ahead of Fed meeting: Markets treaded water yesterday ahead of the FOMC meeting. Reports the Russian government was mulling a mineral extraction tax (MET) on the metals & mining sector weighed down on Russian equities...

Macro data from Germany and China boosted market optimism: Global markets continued their advance yesterday on macro data from Germany and China which show some traction in the economic recovery. Russian stocks outperformed peers – RTSI (+1.8% @ 1,23...

Markets tread water struggling for direction: Markets started the week on a fragile note fluctuating between gains and losses. Russian stocks erased opening gains before closing above water – RTSI (+0.4% @ 1,228) and IMOEX (+0.6% @ 2,928) – with stoc...

Russia maintained advance: Markets were volatile at the end of last week as investors were drawn between optimism and pessimism at the end of a tumultuous week for equities and currencies. The Russian market recovered quickly from an opening stepdown...