MICEX, RTS indexes rising as trading day ended

TASS Russian News Agency | Feb 19, 2021 at 6:57 PM

MOSCOW, February 19 /TASS/. Russian market indexes ended the trading session on Friday in the green. The MOEX Russia Index grew by 1.69% to 3,457.68 points by the close of business on the Moscow Exchange. The RTS index gained 1.77% to reach 1,472.33 points.

The dollar rose by 0.08% against the ruble to 73.99 rubles. The euro had an uptick by 0.35% to 89.73 rubles.

Brent oil futures prices lost 0.66% to $63.15 a barrel on the London-based ICE today.

"Metals are also in the black. Western exchanges are trading in the green zone. Preliminary PMIs for February in Europe were released controversial - poor data in the service sector are setback by the recovery in the production sector above the forecast," Alexander Bakhtin from BCS Investment World says.

Activity on the Russian market is expected to be lower on Saturday and purchases can be made at random, Bakhtin noted. "Foreign exchanges will be closed. No statistics will be released. Coronavirus, vaccination, incentives in the US, geopolitics and commodities prices - the range of these topics remains the baseline for the traders' mood," the expert said.

The forecast range of BCS Investment World for the MOEX Russia Index is 3,420-3,470 points on Saturday.