Russian stock indices rising on Tuesday — market data

Business & Economy November 05, 21:43

The ruble-denominated MOEX Russia Index surged by 0.85% to 2,616.51 points

MOSCOW, November 5. /TASS/. Russian stock indices ended the trading session on Tuesday in the green, according to market data.

The ruble-denominated MOEX Russia Index surged by 0.85% to 2,616.51 points. The dollar-denominated RTS Index added 0.33% to 840.6 points. The yuan moved up by 0.26% to 13.7 rubles.

"The market was influenced by rising commodities prices, the weakening ruble and the demand of investors postponed from the end of the last week due to concerns of some negative news materialization over the weekend," Alexander Shepelev from BCS Investment World said.

Brent climbed above $75 per barrel amid the OPEC+ decision to renew the oil production cuts again. Furthermore, China’s economic activity indices for October were released much better than expected.

The MOEX Russia Index can be within the range of 2,550-2,650 points tomorrow, BCS Investment World and Freedom Finance Global expect. The Russian statistical agency Rosstat will release the weekly consumer inflation (CPI) indicator. This figure will be in the focus of investors and it is important to assess possible action of the Bank of Russia as regards the monetary policy. The Services PMI for the past month will also be posted.

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