MICEX, RTS indexes declining as trading day ended

TASS Russian News Agency | Jun 30, 2020 at 8:24 PM

MOSCOW, June 30. /TASS/. Russian market indexes ended the trading session on Tuesday with the downward trend. The MOEX Russia Index declined by 0.89% to 2,743.2 points by the close of business on the Moscow Exchange. The RTS index dropped 2.19% to 1,212.63 points.

Brent oil futures prices lost 0.1% and fell to $41.57 a barrel on the London-based ICE today.

The dollar grew by 1.67% against the ruble to 71.16 rubles. The euro rose by 1.7% and amounted to 80.02 rubles.

The probability is higher that the MOEX Russia Index will decline on July 2, considering the short-term technical and seasonal factor. Furthermore, the mixed nature of news from foreign exchanges prevails so far, Alexander Osin from Freedom Finance says.

BCS Premier predicts the MOEX Russia Index range could be within 2,720-2,780 points. The closing range for the MOEX Russia Index on July 2 would be 2,735-2,775, according to Freedom Finance.