MICEX, RTS indexes falling as trading day ended

TASS Russian News Agency | Jul 12, 2019 at 4:29 PM

MOSCOW, July 12. /TASS/. Russian market indexes ended the trading session on Friday with a downward trend.

The MOEX Russia Index declined 0.33% to 2,780.38 points by the close of business on the Moscow Exchange. The RTS index fell 0.73% to 1,388.7 points.

The dollar grew by 0.38% against the ruble to 63.05 rubles. The euro surged 0.41% and climbed to 70.97 rubles.

Brent oil futures prices with settlement in September 2019 rose by 0.16% to $66.8 a barrel on the London-based ICE today. Meanwhile, Urals-Primorsk oil futures with delivery in September 2019 grew from $60.7 a barrel on St. Petersburg’s SPIMEX to $63.05 per barrel.

The Russian market can continue correction to 2,750-2,770 points of the MOEX Russia Index, Sergei Deineka from BCS Premier said in a comment. "Expectations of rates cutting by world’s central banks are largely addressed in prices and no new evident reasons for buying are present," the analyst noted. China’s GDP and industrial production statistics can influence on the mood of market players on Monday, he added.

The dollar may continue going down if the demand for currencies of emerging economies and levels on the energy market remain, Promsvyazbank said in a comment. This can also be promoted by preparation of exporters for fiscal payments, bank’s analysts said.