The Russian stock market ended trading with a decrease of 0.1-0.6%

The Russian stock market ended trading with a decrease of 0.1-0.6%

The Russian stock market ended trading with a decrease of 0.1-0.6%

The Russian stock market closed with a decline following the global markets on fears of a global economic recovery due to an increase in the incidence of COVID-19 in many countries.

Stock Asia fell on Thursday (Japan's Nikkei 225 sank 1.1%, China's Shanghai Composite index shed 1.7%, and Hong Kong's Hang Seng fell 1.8%). Europe traded in the red, the US continued to roll back on data from the Labor Department on an increase in the number of new applications for unemployment benefits.

According to the US Department of Labor, the number of initial applications for unemployment benefits in the US last week amounted to 870 thousand people, while experts expected the indicator to drop to 840 thousand.

Later, however, American stock indices moved to a slight increase.

Oil on Thursday remained under selling pressure. The data released the day before by the US Department of Energy showed a decrease in oil reserves last week by 1.634 million barrels against forecasts of a decline of 3.27-4 million barrels; gasoline inventories fell 4.03 million barrels with an expected decline of only 0.92-1.9 million barrels and distillate inventories fell on forecasts of growth.

The Moscow Exchange index fell by 0.12% – to 2912.76 points.

The RTS index dropped by 0.57% and amounted to 1188.98 points.

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