#MarketPullback Russian Market: Decline of the Moscow Exchange Index

On May 5, the Moscow Exchange Index fell by 3.5%, dropping to 2737 points — the lowest value in recent weeks. Among the reasons are the decline in prices for Urals crude oil and overall geopolitical uncertainty. Shares of most companies ended the day in the red, including MOSCOW CREDIT BANK and NOVATEK.   

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🇺🇸 USA: Possible Continuation of Correction

Analysts at BNP Paribas warn that the S&P 500 index may fall another 19%, even without a recession occurring. This is based on a 100-year analysis of market downturns in the absence of a recession. The main risks are associated with the tariff policy of the Trump administration and the potential decline in corporate profits. 

Additional pressure is exerted by the decline of the US GDP in the first quarter of 2025 by 0.3%, caused by the increase in imports before the introduction of new tariffs. There is also a slowdown in employment growth and rising inflation, which raises concerns about potential stagflation.