The Moscow Exchange fell below 2900 points, the RTS index – below 1200 points

The Moscow Exchange fell below 2900 points, the RTS index – below 1200 points

The Moscow Exchange fell below 2900 points, the RTS index - below 1200 points

The Russian stock market is declining following external stock exchanges and oil amid fears of an intensification of the second wave of the coronavirus pandemic and the lack of consensus in the US Congress on a new economic aid program. The Moscow Exchange index tested the support line of 2900 points in the fall (minimum since September 11). The RTS index passed the level of 1200 points.

By 13:56 Moscow time, the Moscow Exchange index amounted to 2893.32 points (-1.98%), the RTS index – 1195.58 points (-2.69%).

On Monday, stock indices in Asia continued to decline, Europe sagged and US stock futures were in decline amid growing investor fears about the intensification of the second wave of the coronavirus pandemic.

A number of countries are seeing an increase in new cases of COVID-19 infection. British Prime Minister Boris Johnson said that the second wave of the coronavirus epidemic is starting in the country, the British press reported on Friday.

Oil is also falling in price on Monday after the maximum jump since June last week, thanks to the confirmation of the OPEC + countries commitment to cut production in full accordance with previous agreements.

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