Important events of the day
USA: NAHB housing market index in February – 18:00 Moscow time.
USA: statements by representatives of the Federal Reserve.
In the spotlight
On Monday, the global market showed mixed dynamics. Due to the weekend in the United States, investors did not have obvious benchmarks and drivers. The Russian market continued to grow yesterday. A particular positive trend was observed in the debt market, which, in addition to the Central Bank meeting, was supported by statistics from Friday evening, which showed much weaker inflation in January than estimated by the "weeks". It is also worth noting that last night the Bank of Russia emphasized in its materials that monetary conditions remained generally tight in December-January. The regulator also released a full February monitoring of enterprises, but the main introductory ones from it were already played out by the market last week.
Today, the world will be marked by speeches by individual representatives of the Federal Reserve and the publication of data on the real estate market in the United States. There may be increased attention to them now after unexpectedly weak data on sales in the secondary housing market on Thursday caused a risk-off in the world. The Russian market will primarily follow the news from the negotiations. Of the local events, it is worth highlighting only the announcement of the parameters of tomorrow's auctions for the placement of OFZs, the first after the Central Bank meeting.
Oil and the ruble
Yesterday, oil prices were able to rise. The market is trying to factor in the quotes the risks associated with possible negative outcomes of the upcoming negotiations between the United States and Iran. Today, Brent futures are trading at $68.2/bbl. For now, the quotes may linger near $68/bbl. in anticipation of new geopolitical introductions.
The ruble showed mixed dynamics on Monday. Activity in the currency market has decreased against the background of the official start of the holidays in China, and there have been no geopolitical introductions that are fundamentally significant for the ruble. Today, the CNYRU exchange rate is at 11.12 rubles/yuan. Other EM currencies have been moving in different directions since morning. In general, the range of 11.00-11.20 rubles/yuan remains relevant for the exchange rate.
The "Comments" section of the AK&M news agency publishes materials submitted by Russian and foreign investment companies and banks. Their opinions may not coincide with the opinion of the editorial staff of the AK&M agency. The opinions presented in the comments are expressed taking into account the situation at the time of publication of the material. The comments are for informational purposes only; they do not constitute an offer or advice on the purchase or sale of securities. For questions about the placement of information in this section, please contact the agency's editorial office by phone (499) 132-61-30 ext. 0102.
