Bank rates, Goldman reporting, coal stocks: digest

Top 10 deposit rates. US banks will publish first quarter financials. India has increased its coal imports from Russia to a two-year high. notable events,

SPB Exchange   will start exchange trading in securities of international companies at 15:00 Moscow time. Previously, trading began at 16:00 Moscow time.

Otherwise, trading on the Moscow Exchange and St. Petersburg Exchange on April 14 will be held according to the rules of the previous day.

SPB Exchange will start trading all foreign securities an hour earlier SPB Exchange , Investments ,  Russia

Top 10 rates on deposits and savings accounts

The average rate of the 54 largest deposit banks on deposits for a period of one year in the amount of ₽100 thousand as of April 14 is 9.18% per annum, according to the FRG100 index.

The most favorable deposit rate as of April 14, 2022 is 24% per annum.

Top 10 banks with high effective rates on deposits and savings accounts as of 04/14/2022:

Novikombank — up to 22.83%; BBR Bank - up to 22%; Gazprombank - up to 21%; Loco Bank — up to 21%; Sovcombank - up to 21%; Sinara - up to 21%; VTB — up to 21%; Asia-Pacific Bank - up to 21%; Tavrichesky Bank - up to 21%; National Reserve Bank - up to 21%; Promsvyazbank - up to 21%.

Source: Banki.ru financial marketplace (the effective rate is calculated according to the Banki.ru methodology and is not an offer, detailed conditions are in credit institutions).

Shares of Raspadskaya and Mechel

Coal imports to India from Russia in March amounted to 1.04 million tons. This is the highest level since January 2020, Matthew Boyle, lead bulks analyst at Kpler, told CNBC.

Previously, India bought very little coal from Russia: it accounted for only about 2% of all India's imports in 2021. However, India said last week that it plans to double its imports of Russian coking coal used for steel production.

Coal accounts for about 70% of India's electricity generation. The country is the world's second-largest consumer and importer of coal, ahead of China , according to the IEA.

Russia is the sixth largest coal producer in the world. According to the United States Energy Information Administration , in 2020, 54% of the country's coal exports went to Asia, and about 31% went to OECD countries in Europe.

The shares of Russian coal miners are still among the growth leaders, said Vasily Karpunin, an expert at BCS Mir Investments. “Prices remain high, and EU sanctions on coal supplies are not critical for companies due to their low share in revenue. They can redirect supplies to Asia. [However], given the past growth, the rate of recovery in securities may temporarily slow down, ”wrote analysts in a morning review.

Raspadskaya RASP ₽401.9 (+6.69%) 1d 1d 1m 3m 1y All time Chart...

Shares of Russian oilmen

The largest commodity traders plan to reduce purchases of Russian oil and fuel from May 15 due to EU sanctions, Reuters reported, citing sources.

Although European sanctions have not affected oil purchases from Russia, companies are curtailing them so as not to violate another requirement of EU sanctions - to restrict Moscow's access to the international financial system.

In mid-March, the European Union imposed sanctions against Rosneft, Gazprom Neft and Transneft. Deals and transactions with these companies are prohibited in EU jurisdiction, but an exception is made for transactions "which are necessary for the import or transport of fossil fuels." Oil traders are trying to figure out what may be considered necessary in this case.

Reuters learned the timing of the reduction of oil purchases by traders from Russia

Goldman Sachs financial statements

In the US, the corporate reporting season continues: US investment bank Goldman Sachs will report on financial results for the first quarter. The investment company will publish reports on April 14, before the market opens: at about 14:30 Moscow time.

Analysts predict that in the first quarter, Goldman Sachs net revenue will decline by 33.4% to $11.8 billion ($17.7 billion a year earlier), and diluted earnings per share will more than halve to $8.95 from $18.60 per share. the same period last year.

The company's revenue slowed down in the second half of 2021, and in the fourth quarter of 2021, revenue was 11% lower compared to the same period in 2020. Forbes noted that the economy is slowing down, and this usually does not affect bank stocks in the best way: stocks are already 25% below the high, which means a transition to a bear market.

Shares of Delta Air Lines added 7% on expectations of growth in demand for flights Delta Air Lines , Airlines , Stocks

Other reporting

Morgan Stanley : 1Q 2022 Financial Results, Pre Market Opening, Adjusted EPS Forecast $1.87, Revenues $14.82M
TSMC : Pre Market Opening, Adjusted EPS Forecast $1.28, Revenues $16.8 Billion
Wells Fargo Post Market Opening Adjusted EPS Forecast $0.82 Revenue $ 17.85B

US Bancorp : post-market, adjusted EPS forecast $0.96, revenue $5.59 billion.

Important events of Segezha Day : the Board of Directors of Segezha Group will decide on dividends based on the results of 2021. MTS : The board of directors of the company will consider the issue of the status of the program of depositary receipts. Moscow Exchange will hold MOEX Home Talks with CEO of Renaissance Insurance Group Yulia Gadliba. Russian President Vladimir Putin will hold a meeting on the current situation in the oil and gas sector. How the previous trading session ended Moscow Exchange Index : 2528.42 (-0.49%) RTS Index : 997.04 (-0.76%) S&P 500 : 4446.59 (+1.12%) Dow Jones Industrial Average : 34 564.59 (+1.01%) NASDAQ Composite: 13,643.59 (+2.03%) A regulated market where sellers and buyers meet who trade in various assets: stocks, bonds, currencies, futures, commodities. Everyone can become a participant in trading on the stock exchange - for this you need to open a brokerage account. Each transaction is concluded at a market price, is completed almost instantly, and is also registered and controlled. More