Whatever turbulence risk assets may suffer in coming days as a result of President Donald Trump’s sickness, emerging markets can celebrate a few plus points.
Shareholders in Monte dei Paschi di Siena (MI:BMPS) approved on Sunday a long-awaited bad loan clean-up plan aimed at easing the sale of the state-owned bank to a healthier rival.
The dollar index, a gauge of the greenback’s value against a basket of six foreign currencies, rose 0.14 percent.
INVESTORS dived under the yen and gold umbrella after the shock news of US President Donald Trump testing positive for Covid-19 weeks ahead of the presidential elections triggered a knee-jerk sell-off in Asian equity markets.
European stocks closed slightly higher on Friday, shaking off early weakness sparked by news that US President Donald Trump tested positive for Covid-19 as investors pinned hopes on more stimulus.
As big U.S. commercial banks close their books on the third quarter, analysts expect them to report a 30% to 60% plunge in profits on the year-ago period due to the pandemic-induced recession and near record low interest rates.
Russian market indexes ended the trading session on Friday in the red under pressure of falling oil prices and the negative mood on international floors.
The total traded volume on the Moscow Exchange gained 27.8 percent in September 2020 and amounted to 86.5 trillion rubles ($1.11 trillion), the Exchange reports on Tuesday.
The euro exchange rate gained 1.26% on Moscow Exchange on Friday to 92.005 rubles.
- Dollar exchange rate up to 77.79 rubles on Moscow Exchange, euro rises to 91.3 rubles (TASS Russian News Agency: 2020-10-02 07:33:22+00:00)
The Bank of Russia sold 2.4 bln rubles ($30.66 mln) worth of foreign exchange on the domestic market with settlements on October 1 as part of preventive measures curbing volatility, the regulator reported on Friday.