The MOEX Russia Index lost 1.87% to 2,910.71 points in September.
As of 1:35 pm, Inter RAO shares narrowed losses to 3.75% trading at 5.573 rubles per share.
Joe Biden’s plans to hike taxes for rich Americans will be key for markets if he wins the election, a strategist says
Joe Biden’s plan to raise taxes for rich Americans and corporates will be a key focus for markets if he wins the US elections, Eric Robertson, head of global macro strategy at Standard Chartered Bank told CNBC on Wednesday.
The euro exchange rate dropped by 1% on Moscow Exchange on Wednesday to 91.97 rubles.
As of 10:05 am, the ruble moved to the green zone as the dollar was down by 0.18% trading at 78.93 rubles, while the euro was trading at 92.69 rubles (-0.2%).
The MOEX index fell by 0.05% and reached 2,908.55 points, while the RTS index grew by 0.27% to 1,158.75 points.
Mergers and acquisitions came back with a bang in the third quarter as executives rushed to revisit deals left on hold at the height of the coronavirus pandemic and boardrooms regained confidence after a roller-coaster year.
Concerns persist about lawsuits if borrowers reach a cliff-edge scenario.
Australian shares fell more than 2 per cent on Wednesday, with miners and financials suffering major blows, as investors tracked Wall Street futures lower after the first US presidential debate stoked caution and uncertainty ahead of the election.
Syracuse, New York, is negotiating with unions to furlough almost all of its more than 300 public-works employees.