基于卢布的MOEX俄罗斯指数减少了早盘跌幅，周五收于3442点的平线附近，这标志着本周下跌1%，因为投资者继续评估最新的企业发展。天然气巨头俄罗斯天然气工业股份公司股价下跌1.7%，延续了前一交易日3%的跌幅，因为分析师评估了该公司资产减值超过预期后的股息预期。此外，由于市场继续消化俄罗斯政府取消关税并从6月起对黄金征收额外矿产开采税的决定，金矿商Polus下跌近1.2%。另一方面，在其董事会宣布将支付每股2卢布的股息后，Seligdar以1.9%的涨幅跑赢了黄金板块。

The ruble-based MOEX Russia index pared early losses and closed near the flatline at 3,442 on Friday, marking a 1% drop on the week as investors continued to assess the latest corporate developments. Gas giant Gazprom sank 1.7%, stretching the 3% drop from the prior session as analysts assessed dividend expectations following the company’s larger-than-expected asset impairment. Also, gold miner Polus dropped close to 1.2% as markets continued to digest the Russian government’s decision to cancel duties and introduce an additional mineral extraction tax on gold from June. On the other hand, Seligdar outperformed the gold sector with a 1.9% jump after its board announced it would pay RUB 2 per share in dividends.

标普全球俄罗斯制造业采购经理人指数从上月的55.7降至2024年4月的54.3，这是自2006年8月以来的最快扩张。数据显示，随着产出和新订单增长放缓，外国需求回到收缩区域，该行业出现了自1月份以来最疲软的扩张。随后，企业连续第三个月增加了就业，尽管创造就业的速度比3月份有所放缓，但仍然是23年来最强劲的。尽管就业人数急剧增加，但由于产能紧张，积压的工作增加到2017年7月以来的最快水平。在价格方面，由于原材料和运输价格上涨，投入成本通胀加速。与此同时，由于公司将更高的成本转嫁给客户，销售价格上涨。最后，商业情绪减弱至三个月低点，但在产量和客户需求增加的希望下仍保持乐观。

The S&P Global Russia Manufacturing PMI decreased to 54.3 in April 2024 from 55.7 in the previous month, which was the fastest expansion since August 2006. The reading pointed to the softest expansion in the sector since January, as output and new order growth eased, with foreign demand returned to contraction territory. Subsequently, firms raised employment for the third straight month, though the rate of job creation slowed from March, but was nonetheless among the strongest in over 23 years. Despite a sharp rise in employment, the backlogs of work rose to the fastest since July 2017, as capacity was placed under strain. On the price front, input cost inflation accelerated due to higher raw materials and transport prices. Meanwhile, selling prices rose as firms passed through greater costs to customers. Finally, business sentiment weakened to a three-month low but remained upbeat amid hopes of higher production and customer demand.

俄罗斯卢布稳定在每美元93卢布左右，为一周来的最低水平，面临着5月1日公共假期前活动减少和该国主要收入来源石油价格下跌的压力。此外，友好国家银行加强与联合会交易的合规程序，可能会对货物和到达产生负面影响。另一方面，由于俄罗斯政府已将43个最大出口国的资本管制再延长一年，至2025年4月30日，该货币的下跌势头受到限制。该规定要求公司80%的外币收益存入俄罗斯银行，然后在两周内将至少90%的收益出售给国内市场。同时，将退还外汇收入的期限从货物交付给买方后的90天延长至120天。此外，CBR的限制性立场是为了在中期支撑卢布。

The Russian ruble stabilised around 93 per USD, its lowest in a week, facing the pressure from reduced activity ahead of a public holiday on May 1st and decreased prices of the country's key revenue source oil. Additionally, strengthening compliance procedures on transactions with the Federation by banks of friendly countries threatened to affect negatively shipments and arrivals. On the other hand, the downward momentum for the currency was limited as Russia's government has extended the capital controls for 43 largest exporters for another year until April 30, 2025. The rules mandate that 80% of foreign currency earnings from firms be deposited with Russian banks, followed by the sale of at least 90% of those proceeds in the domestic market within 2 weeks. Meanwhile, the period to return forex revenue was prolonged till 120 days from 90 days since the delivery of goods to the buyer. Furthermore, the restrictive stance by CBR was set to underpin ruble in the medium term.

周二，基于卢布的MOEX俄罗斯指数稳定在3480点，此前三个交易日小幅上涨，因为投资者在5月假期前没有做出重大决定。在各板块中，电力公用事业和IT领涨。就个股而言，Rosseti（2%）、Magnit（0.7%）、MoesEnergy（0.7%），Novatek（0.6%）和RusGidro（0.6%）小幅上涨。然而，黄金矿商Seligdar（-1%）和Polus（-0.9%）下跌，反映了大宗商品的趋势。在地缘政治方面，美国允许与俄罗斯银行进行能源领域的结算交易。

The ruble-based MOEX Russia index steadied at 3,480 on Tuesday, following three sessions of marginal gains, as investors refrained from making big decisions ahead of May holidays. Among sectors, electric utilities and IT were driving the gains. As for individual stocks, modest increases were seen by Rosseti (2%), Magnit (0.7%), MoesEnergo (0.7%), Novatek (0.6%), and RusGidro (0.6%). However, gold miners Seligdar (-1%) and Polus (-0.9%) declined, mirroring the trend in the commodity. On the geopolitical front, the US allowed transactions with Russian banks for settlements in the energy sector.