logo
Moscow exchange drops below 2,800 points

Moscow exchange drops below 2,800 points

Saba Yemen05-05-2025

Moscow - Saba:
The Moscow Exchange indices declined in trading on Monday, with its benchmark MOEX index falling below the 2,800-point mark for the first time since April 16.
By 16:03 Moscow time, the ruble-denominated MOEX index had dropped 2.21% to 2,774.14 points, marking its first dip below 2,800 points since April 16, 2025.
Meanwhile, the dollar-denominated RTS index fell 2.2% to 1,072.64 points, according to trading data.
The decline in the Moscow Exchange coincides with falling oil prices in global markets, with Brent crude hitting its lowest level since April 9.
Whatsapp Telegram Email Print

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Moscow stock exchange indexes rise as investors follow Istanbul negotiations
Moscow stock exchange indexes rise as investors follow Istanbul negotiations

Saba Yemen

time16-05-2025

  • Saba Yemen

Moscow stock exchange indexes rise as investors follow Istanbul negotiations

Moscow – Saba: The Moscow Stock Exchange indexes rose in trading on Friday as investors followed the progress of the negotiations in Istanbul regarding Ukraine. By 1:56 PM Moscow time, the ruble-denominated MOEX index rose 0.1 percent to 2,841.01 points, while the dollar-denominated RTS index rose 0.05 percent to 1,114.28 points. In the currency market, the Chinese yuan traded against the Russian currency at 11.174 rubles, up 0.5 percent from the previous closing price, according to Russia Today. The dollar traded on the Forex currency market at 80.91 rubles, and the euro at 90.352 rubles. Expert Bogdan Zvarish believes that "investors are currently taking a wait-and-see stance until the first news emerges regarding the negotiations in Istanbul. In today's session, investors will focus primarily on geopolitical news." He said, "The Moscow Stock Exchange index will begin to recover and attempt to reach the 2,900-point range. We expect the Russian market to trade between 2,820 and 2,920 points today." Whatsapp Telegram Email Print more of (Economy)

Gold falls following Beijing-Washington trade tensions
Gold falls following Beijing-Washington trade tensions

Saba Yemen

time12-05-2025

  • Saba Yemen

Gold falls following Beijing-Washington trade tensions

New York - Saba: Gold prices fell in trading on Monday after the conclusion of trade talks between China and the United States, which were described as positive, alleviating investor anxiety and reducing demand for safe-haven assets. Comex June gold futures fell 1.84% to $3,282.50 per ounce. Spot gold futures fell 1.52% to $3,274.28 per ounce, according to trading data. Concerning black gold, oil prices rose on Monday after progress in trade talks between the United States and China. According to Bloomberg, Brent crude futures rose 27 cents to $64.18 a barrel, while West Texas Intermediate crude futures rose 28 cents to $61.30 a barrel. Both crudes rose more than $1 on Friday and have risen more than 4 percent over the past week. The United States and China concluded important trade talks on a positive note on Sunday, with U.S. officials speaking of an "agreement" to reduce the U.S. trade deficit, while Chinese officials said they had reached an "important consensus." Whatsapp Telegram Email Print

Moscow exchange drops below 2,800 points
Moscow exchange drops below 2,800 points

Saba Yemen

time05-05-2025

  • Saba Yemen

Moscow exchange drops below 2,800 points

Moscow - Saba: The Moscow Exchange indices declined in trading on Monday, with its benchmark MOEX index falling below the 2,800-point mark for the first time since April 16. By 16:03 Moscow time, the ruble-denominated MOEX index had dropped 2.21% to 2,774.14 points, marking its first dip below 2,800 points since April 16, 2025. Meanwhile, the dollar-denominated RTS index fell 2.2% to 1,072.64 points, according to trading data. The decline in the Moscow Exchange coincides with falling oil prices in global markets, with Brent crude hitting its lowest level since April 9. Whatsapp Telegram Email Print

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store