The Russian stock market rose along with oil and indices in Europe and the United States after a tangible pullback at the beginning of the week, fueled by fears of a second wave of the coronavirus COVID-19.
On Tuesday, negative dynamics of stock indices remained in Asia (Japanese stock exchanges were closed due to the Autumn Equinox holiday; China's Shanghai Composite sank 1.3%, Hong Kong's Hang Seng lost 0.9%), however, Europe was growing, mainly in the green zone began trading America.
Oil rebounded on Tuesday after a sharp drop the day before, caused by concerns about the resumption of production in the east of Libya and an increase in cases of coronavirus infection in several countries around the world. Oil is supported by storm Beta, which hit the Texas coast the day before. As noted by Bloomberg, the storm could reach Louisiana. However, the storm is not expected to result in long-term disruptions to offshore drilling rigs.
The Moscow Exchange index increased by 0.73% and amounted to 2884.66 points.
The RTS index increased by 1% – to 1193.06 points.
The growth leaders among blue chips were Rosneft (MCX: ROSN), Sberbank (MCX: SBER), Rostelecom (MCX: RTKM), Gazprom (MCX: GAZP).