The gas price in Europe rose almost to $1,100 per 1,000 cubic meters during Wednesday exchange trading.
The price of global depositary receipts (GDRs) of TCS Group, the parent structure of Tinkoff Bank, increased by 4.37% and reached 7,355.8 rubles ($99.03) per share on the Moscow Exchange.
Citigroup Inc (NYSE:C) is planning to split the operations and technology functions of its unit, Institutional Clients Group.
The Russian stock market opened with an increase in the Moscow Exchange index by 1.05%, to 4001.89 points, the RTS index by 2.06%, to 1696.69 points.
The dollar exchange rate declined by 2 kopecks, to 74.24 rubles, on the Moscow Exchange on Wednesday.
Even though the economy is returning to normality after a year and a half of hardships, fundamentally weak mortgage finance companies, such as Rocket Companies (RKT) and PennyMac Financial (NYSE:PFSI), may find it challenging to regain pre-COVID levels of growth soon.
Considerable consumer uptake and government tax credits are driving the rate of EV adoption.
The Russian stock market saw a change in sentiments of investors.
The gas price in Europe almost reached $1,060 per 1,000 cubic meters during Tuesday exchange trading for the second consecutive day.
The total increase of the gas price in Europe since the beginning of the day roughly amounts to 1%.