
The shortened pre-New Year week began with predominantly positive dynamics on world markets. Asia closed the session mostly in positive territory, European futures are trading in the growth zone. Oil, which has been falling in price since the morning, has entered the green zone, although it refrains from a more confident rise amid a thin market and lack of catalysts. Gold has corrected after a jump at the open, and the dollar is under pressure against the ruble, including. The Russian market began Monday session on a positive note in line with the external background, where investors are playing back the news that Trump nevertheless signed a 900 bailout package. billion dollars, although earlier insisted on increasing it. Moreover, the president signed a draft budget for next year, preventing the shutdown. The budget assumes funding for the work of the government until September 2021. In response to this news, risky assets are in moderate demand. The ruble was no exception, benefiting from the recovery in oil coupled with the weak dollar. The dollar / ruble pair, which last week tried to test the area of 75.60 rubles. for the first time since the beginning of December, slid to the area of 73.40 rubles, threatening the mark of 73 rubles. However, given the low trading volumes, further strengthening of our currency in the short term is doubtful. In the near future, the markets will continue to consolidate, playing out Trump’s decision and watching the situation around the pandemic, through the prism of which investors assess the prospects for economic recovery in 2021, relying on vaccinations … A limiting factor in this context is a new type of virus that has infiltrated several countries .___________________ Mikhail Dorofeev, Chairman of the Board, CPC Obnovlenie