The Russian stock market moved to growth during the day after a negative start to trading and is rising by 0.27% on the Moscow Exchange index on rising oil prices, follows from the data of the trading platform and expert comments.
The Moscow Exchange index by 15.14 Moscow time is growing by 0.27%, to 2291.74 points, the RTS index – by 1.94%, to 1293.54 points.
At the same time, the exchange rate of the dollar in „tomorrow” calculations is losing 83 kopecks, dropping to 55.96 rubles, the euro is depreciating by 2.09 rubles, to 58.01 rubles.
„At the start of the session, the Russian market experienced a sharp drawdown, the Moscow Exchange index updated a weekly low, reacting to the fall in global stock markets that occurred yesterday in our absence. It was caused by increased fears about high inflation after data on consumer price indices in the The United States exceeded the forecast,” said Dmitry Babin from BCS Mir Investments.
„Shortly after the morning drawdown, our market began active growth. Ruble assets are supported by high oil prices, which managed to stop the decline yesterday, returning to three-month highs,” he adds.
This morning, oil prices also fell a little more, but in the afternoon, in anticipation of the OPEC report, they moved to growth.