MICEX, RTS indexes falling as trading day ended

TASS Russian News Agency | May 22, 2020 at 5:33 PM

MOSCOW, May 22. /TASS/. Russian market indexes ended the trading session on Friday in the red. The MOEX Russia Index declined 0.34% to 2,709.38 points by the close of business on the Moscow Exchange. The RTS index fell 1.48% to 1,188.47 points.

The dollar grew by 1.1% against the ruble to 71.74 rubles. The euro rose by 0.62% and amounted to 78.18 rubles.

Brent oil futures prices with settlement in July 2020 dropped by 3.06% to $34.94 a barrel on the London-based ICE today. Meanwhile, Urals-Primorsk oil futures with delivery in July 2020 amounted to $34.95 per barrel on St. Petersburg's SPIMEX.

The dollar returns to the range of 72-75 rubles and will be within such limits early next week, Anna Bodrova from Alpari says. The euro may dig in the range of 78-81 rubles, she added.

Friday dynamics on the Russian market was cautious due to lower optimism on international platforms and oil prices going down again, Alexander Bakhtin from BCS Premier says in a comment. The trading session on Monday will be relatively calm, the expert noted.

The forecast range for the MOEX Russia Index is 2,680-2,750 points, BCS Premier says.