Russian stock indices down by more than 3% as trading on Moscow Exchange closes

Business & Economy November 19, 19:43

Western markets are also trading in the red zone amid reports of an update to the Russian nuclear doctrine

MOSCOW, November 19. /TASS/. The MOEX index was in the red on Tuesday amid a sharp deterioration in geopolitical signals. By the end of the day, it fell by 3.24% to 2,632.55 points, while the dollar-denominated RTS index went down by 3.33%, to 829.02 points.

The yuan-to-ruble exchange rate rose by 0.54% in a day, to 13.83 rubles. The price of Brent crude oil was above $73 per barrel.

Western markets are also trading in the red zone amid reports of an update to the Russian nuclear doctrine.

"The European indices, in particular, the Euro Stoxx 50, fell noticeably. The statistics of the day did not bring any surprises. According to the final assessment, the October consumer price index of the Eurozone showed an acceleration to 2% year-on-year after 1.7% per annum in September," said Alexander Shepelev, an expert on the stock market at BCS World of Investments.

On Tuesday, the leaders of growth were the shares of Surgutneftegas (+2.7%).

The leaders of the decline were the shares of Rosseti (-6%).

According to BCS World of Investments, on November 20, the MOEX index will be in the range of 2,625-2,725 points, while the yuan-to-ruble rate is expected between 13.4 and 13.9 rubles, the dollar rate is seen in the range of 98.5-100.5 rubles.

Freedom Finance Global expects that tomorrow the MOEX index will move to a new corridor of 2,600-2,700 points. The dollar will trade in the range of 99-101 rubles, the euro may fluctuate within 105-107 rubles, the yuan will vary in the range of 13.6-14 rubles.

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