, 24.02.2021  
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#1 19 2013




: FOMC. ( 21 ), QE. (DJIA -0.20%, S&P 500 -0.33%) (Hang Seng -0.13%, Shanghai -0.28%, Nikkei +0.14%; S&P +0.08%) . , EM- , , , , , , . , . Brent $110.5 . .
: , QE . , Brent ( $108 .) QE. 213, , . ( ), . - .
: Brent (+3.2% $111.3 .), RUB 32.93, (-0.2%), 50 (-0.2%).



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#2 20 2013



: . , .
: . 1.4 . (46 . ) , . 69 . 62 . .
: . 9 . , , , , 19 . , . , : , , .



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#3 21 2013



: . , , , . ( ) QE. , (DJIA -0.05%, S&P 500 +0.38%). PMI ( ). , Shanghai (+0.08%), (Hang Seng -1.03%, Nikkei
-0.69%), S&P (-0.18%). Brent ($109.88 .).
: QE. - QE. ( ), ( ) 2009 . : (10- , Home Depot, , -) . BHP Billiton . , , .
: Brent 1.21% $111.7 ., RUB 32.93, 0.34%, 50 0.36%.



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#4 16 2013

:



*
* -
* MICEX SC (-27% /)
*
* -2, -5 -1
: MICEX SC -5 (+4.4%) -6 (+9.6%) , . (+9.4%) (+5.5%) , .
: MICEX SC 27% /, QE. -2 , -5.
: , .
GDR: IRC (+17%) Ferrexpo (+9%). , 9% . .

AVSI: S7 Group
:
UTAR: 8M13
KMAZ:
MSTT:
TRCN: 113


:
: :



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#5 16 2013


C



: , - , , . .
: , . () , RUB 20-30 .
: . , 2015 . , , , . , .




: , .
: , . 30% , . 2012 . . 2013 . , Petronas, , .



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#6 16 2013



. . , UST 10 2013 . EM



. 100 12
, . RUB 243 RUB 280 5.57%. o/n 6.13%
, . 4 6 . - ,



, (Baa3/BBB-/BBB-) (Baa1/BBB/BBB). , , ,
. , , . ,
Moodys (1//) Baa1 . . GAZPRU 19 TNEFT 18, 120 , ,
, (2//) (1/+/NR), . 4-5- : VTB 17 SBERRU 17 (>105 ), GPBRU 17 VTB 17, , 40



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#7 16 2013


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: $2.5 , .
: $2.5 . $2.5 , . , / , , 49% . , . 11.7 2017 . 226.
: , . , , , , , , , , .



, CapEx
: , CapEx.
: , CapEx. . . , , , . , , CapEx 2013-16 . $1.5 .
: CapEx . , $2 $1.5 , CapEx OpEx.




: , 22%- , . , .
: , . , 21.75%- $3.7 , . . , , , , 20% .
: , . , , , . , $4-4.5 . , . , , $400 $340 , $300 .




: , .
: . , . , , . , , 1.5 .
: , , . , , . $380-$400 (CFR ) $340 ( ), . ܻ .



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#8 24 2013





,
.

. S&P 500 ,
Brent .

, .


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#9 24 2013


313 ,


: - , - . - .
: . 2-313 US GAAP, - , .
* 213 313 $2.12 $2.09 .
* EBITDA 213 8% / $203 313, 3% / $209 .
* 213 - ( $600 ) . 313 $116 .
$9.15 113 $9.03 313 , .



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