One person dies in fire at gunpowder factory in Russia's KazanWorld March 24, 21:47
Russia's 'Gentlefan' baton passed on to Krasnodar ahead of Cote d’Ivoire friendlySport March 24, 21:34
Brazil’s football star Carlos: Germany, Portugal to meet in 2017 Confederations Cup finalSport March 24, 20:45
Belarus to stamp on any conflict unleashed as in Ukraine, president saysWorld March 24, 19:41
Russia to stage best ever edition of FIFA Confederations Cup this year — Brazil’s CarlosSport March 24, 19:28
Jehovah’s Witnesses say they have no suspension orders from Justice Ministry yetSociety & Culture March 24, 19:10
Islamic State claims responsibility for attack on National Guard base in ChechnyaWorld March 24, 18:51
Eurovision organizers set to find solution for Russia's contestant to perfom in KievWorld March 24, 18:46
Russia’s Airborne Force wraps up large-scale drills in CrimeaMilitary & Defense March 24, 18:20
MOSCOW, January 13. /TASS/. Russia’s Central Bank on Tuesday lowered the official ruble/dollar rate for Wednesday by 3.3% to 64.84 and the ruble/euro rate by 3% to 76.77 as the domestic financial market remained under pressure amid negative external economic developments.
The value of the dual currency basket comprising $0.55 and 0.45 euros rose by 3.29% against the ruble to 70.2115.
The Russian stock indexes showed mixed dynamics on Tuesday. The ruble-denominated MICEX stock index was edging up less than 1% to 1,525.94 points while the RTS index was down more than 3% to 731.91.
The Russian stock market showed negative dynamics in the dollar segment and neutral in the ruble sector in the first half of the day, remaining under the pressure of low oil prices and investor fears of Russia’s sovereign rating downgrade by Standard & Poor’s international rating agency already this week.
Foreign investors’ negative sentiments about Russia fueled by fears of the country’s sovereign rating cut to “junk” will certainly affect Russian stock market prices, said Oleg Abelev, head of the analytical department at Ricom Trust brokerage.
“If Standard & Poor’s lowers Russia’s credit rating already at the end of this week, this will cause further active sell-offs,” the expert said.
“The MICEX index has all the chances to sag below 1,500 points but for a short while as the market may be helped by a devaluation wave amid falling oil prices,” he said.
The growth leaders on the stock market in the afternoon trade were the shares of diamond miner Alrosa (up 4.38%), steel maker Severstal (2.47%), Russian depositary receipts of aluminum giant RusAl (2.45%) and the shares of Novolipetsk Steel (2.1%).
World oil prices stayed on the downside trend on Tuesday by mid-afternoon trade in Russia.
The price of Brent futures for February delivery briefly touched $45.23 per barrel, the lowest level since March 2009, before slightly edging up to $45.67 per barrel. Investors are waiting for fresh data on US oil inventories, which may show an increase by 1.75 million barrels over the past week.
Besides, the UAE energy minister said on Monday his country would not give up its plan to boost oil output.
“As it seems to me, we can already talk about the final stage of the current downside movement. Probably, within the next 4-6 weeks, we see an exhaustion of sell-offs and the start of oil price recovery,” Chief Analyst of the Investment Department at VTB-24 Bank Stanislav Kleshchyov said.