The Moscow Exchange Index dropped 0.2%, the RTS Index – 0.15%

The Moscow Exchange Index dropped 0.2%, the RTS Index – 0.15%

The Moscow Exchange Index dropped 0.2%, the RTS Index - 0.15%

The Russian stock market continued to slide down on Wednesday amid news of the Finance Ministry's plans to increase taxes for exporters to replenish the state budget and mixed dynamics on foreign markets.

On Wednesday, the dynamics of the indices in Asia was mixed (Japan's Nikkei 225 rose 0.1%, China's Shanghai Composite sank 0.4%, Hong Kong's Hang Seng fell 0.1%).

Europe was sinking (indexes DAX, CAC 40, FTSE decreased by 0.1-0.6%).

Stock America traded in positive territory in anticipation of news from the Federal Reserve System.

Experts expect that the new strategy of the Federal Reserve, which provides for a softer approach to monetary policy, will be reflected in concrete measures to support the American economy, given that the prospects for the approval of the next batch of fiscal stimulus by the US authorities are becoming increasingly dubious.

According to the US Department of Commerce, retail sales in the country in August grew by 0.6% compared to the previous month, while experts predicted an average growth of 1%, according to Trading Economics.

The Organization for Economic Co-operation and Development (OECD) has improved its forecast for the world economy for 2020, while slightly worsening its forecast for 2021.

Oil on Wednesday continues to rise, fueled by data on the decline in US oil reserves.

The Moscow Exchange index fell by 0.19% – to 2975.01 points.

The RTS index lost 0.15% to 1251.86 points.

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