Russian stock indices in the red on Monday — market data
The sentiment on global markets was generally negative as the week starts
MOSCOW, November 18. /TASS/. Russian stock indices ended the trading session on Monday with a downward trend, according to market data.
The ruble-denominated MOEX Russia Index fell by 0.67% to 2,720.77 points. The dollar-denominated RTS Index lost 0.62% to 857.59 points. The yuan plunged by 0.51% to 13.76 rubles over the day.
"Stocks were supported by ruble weakness and improved price situation for commodities," Alexander Shepelev from BCS Investment World says.
The sentiment on global markets was generally negative as the week starts. "Investors in China are cautious on new government incentives so far and gradually address risks of more active trade standoff with the US in 2025," the expert said. The trade balance of the Euro area for September was much above the consensus forecast of analysts.
Geopolitics, oil prices and the ruble rate evolution will be in the focus tomorrow, BCS Investment World said. The company forecasts the MOEX Russia Index as within 2,685-2,785 on November 19.
Freedom Finance Global expects the MOEX Russia Index to be in the range of 2,700-2,800 points. The Russian mobile operator MTS will release its report.