Main topics of the day in Europe: the anticipation of the meetings of the FOMC and the ECB, growth stocks in the technology sector, litigation Rosneft and Sistema



Leading stock indexes of Europe on Tuesday, rising moderately ahead of this week’s meetings of the European Central Bank (ECB) and the Committee on open market Federal reserve (FOMC).

By 14:55 GMT the pan-European Stoxx Europe 600 rose by 0.2% compared with yesterday’s closing level against the background of rising British FTSE-100 index by 0.2%, Germany’s DAX down 0.1 PCT, France’s CAC 40 down 0.3%.

Among leaders of growth of the technological sector, supported by news on mergers and acquisitions in this area. Shares of the world’s largest producer of microchips for mobile phones and credit cards Gemalto increased by 33% after a proposal by the French consulting company Atos to acquire Gemalto for 4.3 billion euros. This year Gemalto shares are under pressure due to the fact that the company four times issued warnings about a possible decline in profits.

Shares of South African retailer Steinhoff rose by almost 35%, recovering the losses incurred in previous trading sessions due to the resignation of the Executive Director of the company in connection with allegations of manipulation in accounting. On Monday, the company released a statement about the intention to stabilize the situation with the invitation of the Board of Directors of well-known representatives of the banking and insurance communities.

Shares in the British operator Greene King pubs fell by 1.7% after lowering its forecast for target value of the JPMorgan analysts.

Today starts two-day FOMC meeting, the results of which will be announced on Wednesday evening. As expected, us regulators will increase the rate on Federal funds by 25 basis points one last time this year. A meeting of the ECB governing Council will be held on Thursday. Analysts do not expect significant changes in monetary policy in the Eurozone. Also on Thursday there will be scheduled meetings of regulators of the Bank of England and Swiss national Bank.

Oil prices today rose more than 1% due to reports of a shutdown of the pipeline Forties in the North sea for repairs after discovering the cracks last week. The Forties pipeline delivers the oil 85 to the oil fields in the North sea with a total volume of 450 thousand barrels. a day. The price of the near contract on Brent crude to the current time increased by 1.5% to us $ 65.7 per barrel.

The increase in oil prices supports the Russian stock market, but almost no impact on the exchange rate. At the moment, the ruble is trading in tandem with the Euro at the level of 69.30 (TOM), paired with the US dollar at around 58.87 (TOM), down slightly from the level of yesterday’s closing.

One of the main news of the day in the Russian market demand Rosneft and Bashneft about the seizure of the assets of AFK “System” as interim measures filed by December 7, the claim about collecting with “the System” 131.6 billion. we will Remind, in August of current year the Arbitration court of Bashkiria partially upheld a previous lawsuit Rosneft, decided to collect from “the System” 136.3 billion rubles.

After appearing on last week’s message about filing a new claim shares of Sistema on the Moscow stock exchange fell by almost 23 percent, their cost has fallen to 9.25 rubles. apiece. On Tuesday, the value of the securities of the company on the stock exchange is around 10.78 RUB.

8 December AFK “System” filed a retaliatory lawsuit against Rosneft and Bashneft, demanding reparations in the amount of about 330.45 billion rubles, the Corresponding application was registered in the Moscow Arbitration court on 11 December.

Prepared using materials of CNBC.




Main topics of the day in Europe: the anticipation of the meetings of the FOMC and the ECB, growth stocks in the technology sector, litigation Rosneft and Sistema 12.12.2017

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