Jpmorgan Emerging Europe... Share Discussion Threads

[loganair] 02/2/2024 09:41

The MOEX Russia index edged down 0.1% to 3,225 on Friday, moderating after five sessions of gains, pressured in part by lower oil prices. Additionally, investors digested corporate updates.

Among main laggards were Severstal (-1.8%), VK (-1.3%), Surgut (-1%), Polymetal (-1%), and Samolet (-1%). Severstal shares dropped as the company failed to convince the markets despite presenting a 79% increase in net profit yoy for 2023 and recommending RUB191.51 per share of dividends. Samolet also published its operating results, with the firm's net profit amounting to 34.3 billion rubles, 23% more than in 2022.

Conversely, MMK (1.5%), Aeroflot (0.7%), Novatek (0.77%), and Magnit (0.6%) advanced.

Weekly, the index was on track to rise by 2%.

[lunar 26] 01/2/2024 19:07

Russian missile warship "Ivanovets" joins Moskva on seabed

Amazing how hopeless Russia is

ttps://www.bbc.co.uk/news/world-europe-68165523

[lunar 26] 01/2/2024 19:04

Russian missile ship "Ivanovets" joins Moskva on seabed

Amazing how hopeless Russia is

ttps://www.bbc.co.uk/news/world-europe-68165523

[loganair] 01/2/2024 09:46

The MOEX Russia index increased for the fifth consecutive session rising 0.5% to 3,230 on Thursday, driven by the gains in oil & gas and consumer goods & services sectors.

Surgut (3.3%), Yandex (2.5%), NLMK (1.7%), Seligdar (1.5%), and MMK (1.5%) were leaders of growth.

On the other hand, Polymetal (-2.8%), RusGidro (-1.5%), GLTR (-1.5%), and Samolet (-1.4%) traded in the red.

Investors also followed the shares of Gazprom after Russian Deputy Prime Minister Alexander Novak said Russia and China were actively negotiating the Power of Siberia-2 gas pipeline. O

n the macroeconomic front, the country's S&P Global Manufacturing PMI dropped to 52.4 in January, marking the softest expansion in the sector since last July.

[loganair] 31/1/2024 11:54

The MOEX Russia index rose 0.5% to 3212 on Wednesday, up for the fourth session and reaching its highest level since the end of November, as risk sentiment improved after CBR's head Nabulina hinted at the beginning of monetary easing cycle in the second hald of 2024.

Among sectors, largest gains were recorded in IT, transport and oil & gas sectors.

As for individual stocks, Mechel (2.1%), Rosseti (1.7%), Sovcomflot (1.6%), and Segezha (1.3%) increased the most. Traders also kept their eyes on Polymetal after the company reported its operating results for Q4 which showed a 5% growth in q/q revenues. The miner also managed to meet its yearly production guidance.

On the other hand, Severstal (-1.3%), X5 (-1.3%), MKB (-1.2%), MosEnergo (-1.2%), and Moex (-1%) declined. Monthly, the index was on track to add 3.3%.

[loganair] 30/1/2024 13:24

Brazilian imports of diesel from Russia last year soared 4,600 per cent while purchases of fuel oil rose by almost 400 per cent, in a $8.6bn boost to the Russian economy as the war in Ukraine enters its third year.

Brasília imported 6.1mn tonnes of diesel from Russia in 2023, a 6,000 per cent increase from the 101,000 tonnes the previous year. The value in dollar terms increased 4,600 per cent from $95mn to $4.5bn, according to official government figures.

The Latin American nation also increased its purchases of fuel oil from Russia, with imports growing to $5.3bn last year from $1.1bn the previous year.

Brazil overtook Turkey in October to become the largest buyer of Russian diesel, according to data from Kpler, while the jump in diesel imports last year means Russia has overtaken the US as Brazil’s largest supplier of the fuel.

Brazil is keen to preserve its economic and political ties with Russia. Brazil being willing to help out in the midst of this situation [in Ukraine] is part of an implicit dynamic within the Brics, which is they have an all-weather friendship and help each other out in times of difficulty,” he said, referring to the group that also includes Russia, India, China and South Africa.

The dramatic rise in imports may fuel accusations that Brazil is sympathetic to Russia in the war.

Although Brasília officially condemned Russia’s invasion, Lula last year repeatedly claimed that Kyiv bears equal responsibility with Moscow for the conflict and has accused Washington of “encouraging” the violence.

In December, Russia accounted for 85 per cent of Brazil’s total diesel imports; the average for 2023 was about 50 per cent.

A top-10 crude producing nation, Brazil relies on diesel imports to fill about 20 per cent of domestic demand.

[loganair] 30/1/2024 09:54

The MOEX Russia index rose 0.45% to 3190 on Tuesday, advancing for the third session but struggling to break out of the tight range of 3150-3200 since January 8th. The markets focus was on Bank of Russia's press conference about the results of the banking sector development in 2023. Positive rhetoric could benefit the shares of Sberbank and Sovcombank.

Among sectors, the most gains were recorded by chemicals, IT and transport, while telecommunications and electric utilities edged down.

As for individual stocks, Magnit (2.2%), Mechel (2.1%), MKB (2.1%), and Aeroflot (2%) were the most bullish.

Conversely, Segezha (-2.4%), RusGidro (-1.8%), and Ozon (-1.3%) declined.

[loganair] 30/1/2024 09:38

There is real political turmoil in Ukraine...

Zalensky calls Zaluzhnyi, commander in chief of the Ukrainian armed forces, into his office and tells him to resign.

Zaluzhnyi refuses to resign.

Everybody in Zaluzhnyi's office says if Zalensky fires their boss Zaluzhnyi they will all resign.

Zaluzhnyi tells Zalensky, after 30th March when his official presidential term ends he no longer has any power over Zaluzhnyi.

[loganair] 29/1/2024 09:39

The MOEX Russia index rose 0.4% to 3176 on Monday, starting the week on a positive note, supported by favorable external environment and corporate updates. The Russian currency depreciated further, while Urals oil prices prolonged their upward momentum, lifting the outlook for exporters. Among sectors, IT, electric utilities, and telecommunications were leading the gains.

As for individual stocks, RusGidro (4%), MosEnergio (3.6%), Rosseti (3.1%), QIWI (1.6%), and Seligdar (1.5%) rose the most. Also, RosAgro shares grew by more than 1.5% after the company presented upbeat operating results for the fourth quarter. Its consolidated revenue before intersegment eliminations amounted to RUB 122.46 billion (+76% year-on-year).

In contrast, Mechel (-1.1%), Severstal (-0.5%), Alrosa (-0.4%), and Gazprom (-0.4%) declined.

[neilyb675] 29/1/2024 09:22

General Valeriy Gerasimov, the top commander of Russian forces in Ukraine, has been absent from the public eye for a month, leading to rampant speculation about his fate.

Gerasimov was last seen publicly on December 29, during an event where he was awarding state prizes to military personnel for their performance in the occupation of Marinka in Ukraine's Donetsk region. Since then, Gerasimov has neither been quoted nor mentioned by state media, nor has he been seen in public.

[brwo349] 28/1/2024 23:21

Finally. About time the EU turned the screw on Putin's pal.

Brussels threatens to hit Hungary’s economy if Viktor Orbán vetoes Ukraine aid
EU strategy aims to spook investors by cutting off funding to Budapest in stand-off over €50bn package


The EU will sabotage Hungary’s economy if Budapest blocks fresh aid to Ukraine at a summit this week, under a confidential plan drawn up by Brussels that marks a significant escalation in the battle between the EU and its most pro-Russian member state. 

In a document drawn up by EU officials and seen by the Financial Times, Brussels has outlined a strategy to explicitly target Hungary’s economic weaknesses, imperil its currency and drive a collapse in investor confidence in a bid to hurt “jobs and growth” if Budapest refuses to lift its veto against the aid to Kyiv.

[loganair] 28/1/2024 22:54

masergt - oil depots and the like catch a light all over the world and as for shells etc military's operate on the basis at best that no more then 90% actually go off.

Time and time again you post reports and post that it only happens in Russia or to Russia when in fact it's normal for these things to happen to countries all over the world.

[1917again] 28/1/2024 22:04

Yep spot is collapsing. However one needs a good credit score to access such and having lost all on Jema, doubt logliar AD bot qualifies

ttps://www.businesswisesolutions.co.uk/energy-market-snapshot

[rjmahan] 28/1/2024 12:42

Try Octopus energy (use my referral code octopus.energy/pink-lion-76) for £50 referral fee.

They will let you buy at spot - more or less - avoiding the 'price cap' rip off.

[loganair] 28/1/2024 09:35

1917 - That's just rubbish as my electricity per Kwh has just increased again and is over double the price it was just 3 years ago even though the whole sale price is down 80% from its highs of 2 years ago.

[1917again] 27/1/2024 22:53

UK electricity prices continue their collapse, now way below War Criminal Putins Invasion

ttps://www.barchart.com/futures/quotes/N8G24/overview

UK gas prices continue their collapse, now below War Criminal Putins Invasion

ttps://www.barchart.com/futures/quotes/NFG24/overview

[loganair] 27/1/2024 18:52

U.S. long term strategy for the Ukraine war doesn't now foresee Ukraine retaking lost territory, strategy now being from 2025 onwards for the Ukraine not to lose any further territory.