The Chinese banking regulator said on Saturday it had fined a branch of the China Construction Bank (OTC:CICHF) (CCB) (SS:601939) (HK:0939), the country’s second-largest lender by assets, 7,313,511 yuan ($1.09 million) for rule violations.
Russian market indexes ended the trading session on Friday with mixed dynamics.
The MOEX index fell by 0.71% to 2,797.25 points on Friday.
The Bank of Russia sold 8.7 bln rubles ($111.64 mln) worth of foreign exchange on the domestic market with settlements on October 13 as part of preventive measures curbing volatility, the regulator reported on Friday.
U.S. equity futures are trading cautiously following a third day of declines for the S&P 500.
The dollar-to-ruble rate edged up by 0.07% to 78.13 rubles at the opening of trading on the Moscow Exchange.
By 10:10 Moscow time, the MOEX index was trading at 2,817.53 points (+0.01%), and the RTS – at 1,138.13 points (+0.52%).
It’s tempting to divide companies into those that have suffered during the pandemic, such as airlines, and those that have prospered, such as technology firms.
Few companies have been as hard hit by the coronavirus pandemic as Exxon Mobil .
As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that has floated profits, offsetting problems in traditional lending businesses that have been hurt by the pandemic.