The Russian stock market ended trading with a decline of 0.7-1.2%

The Russian stock market ended trading with a decline of 0.7-1.2%

The Russian stock market ended trading with a decline of 0.7-1.2%

The Russian stock market, which opened in the green zone, went down in the evening against the background of oppositely polar signals from external stock markets and the weakening of the upward momentum in oil, the reaction to the expected decision of the Central Bank of the Russian Federation to leave the rate unchanged turned out to be neutral.

On Friday, the positive dynamics of stock indices in Asia prevailed (Japan's Nikkei 225 index rose 0.2%, China's Shanghai Composite index – 2.1%, Hong Kong's Hang Seng added 0.5%). Meanwhile, Europe was trading in the red and America began trading on a downtrend.

Uncertainty about the situation in the global economy has a constraining effect on markets. On the other hand, investors are hoping that the world's central banks will support the economic recovery from the long-term crisis caused by the COVID-19 pandemic, Trading Economics writes.

Oil by Friday evening lost its morning growth, which was previously supported by data on oil reserves in the United States and the results of the OPEC + Monitoring Ministerial Committee (JMMC). JMMC advised countries involved in the oil limitation deal to be prepared to take further measures to stabilize the market if necessary. At the same time, by the end of the week, oil can record a steady growth – Brent can add more than 8%, WTI – about 10%, Trading Economics notes.

The Moscow Exchange index fell by 0.67% and amounted to 2951.79 points.

The RTS index fell 1.18% to 1228.64 points.

LUKOIL (MCX: LKOH), Tatneft (MCX: TATN), Gazprom (MCX: GAZP), VTB (MCX: VTBR) became the leaders of the decline among blue chips.

Leave a Reply

Your email address will not be published. Required fields are marked *