MOEX Russia, RTS indexes falling by end of trading day

TASS Russian News Agency | Dec 2, 2019 at 5:37 PM

MOSCOW, December 2, /TASS/. Russian exchange indexes ended the trading day with a downward trend on Monday. The MOEX Russia Index dropped by 0.48% to 2,921.18 points at the close of today's trade on the Moscow Exchange. The RTS index lost 0.39% and declined to 1,432.81 points.

The dollar dropped by 0.1% to 64.3 rubles. The euro surged by 0.44% and amounted to 71.2 rubles.

Brent oil futures with settlement in February 2020 rose by 0.07% on the London's ICE to $60.77 per barrel. Meanwhile, Urals-Primorsk oil futures with delivery in January of the next year totaled $58.05 a barrel by the close of business on St. Petersburg's SPIMEX.

The Russian stock market will largely continue to be driven by international background, Sergei Deineka from BCS Premier comments. "The news background related to the global grade will remain the top topic. Intentions of the US President to set steel and aluminum duties against Argentina and Brazil complemented the topic of US - China talks there. No important statistics is expected to be released tomorrow. Hearings of the policy in respect of Russia will be held in the US Senate; this may somewhat limit the activity of buyers on the Russian market. Oil prices can remain volatile against the background of forthcoming OPEC+ meeting and IPO of Saudi Aramco," the analyst said.

The MOEX Russia Index can be in the range of 2,930-2,970 points on Tuesday, BCS Premier forecasts. Freedom Finance predicts the range of 2,940-2,960 points for the index.