Russia’s Central Bank will increase the volume of foreign currency sales in the domestic market starting from Monday, October 26, head of the regulator Elvira Nabiullina told a press conference following a meeting of the regulator’s board of directors.
The Bank of Russia sold 8.6 bln rubles ($112.66 mln) worth of foreign exchange on the domestic market with settlements on October 22 as part of preventive measures curbing volatility, the regulator reported on Friday.
As of 10:15 Moscow time, the dollar was trading at 76.81 rubles (+0.3%), and euro – 90.63 rubles each (+0.11%).
The MOEX index added 0.15% and reached 2,807.30 points, while the RTS index fell by 0.09% to 1,154.25 points early on Friday.
Wells Fargo (NYSE:WFC) & Co is exploring a sale of its asset management business, in what would be the U.S. bank’s biggest shake-up since former Bank of New York Mellon (NYSE:BK) chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on Thursday.
Life used to be so simple.
European stock markets wobbled at the start of trading on Friday with London and Paris pushing upwards but Frankfurt lapsing into negative territory.
Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the US presidential election and awaited a breakthrough in stimulus talks in Washington.