bigdog
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Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News
The main stock market index in Russia (MOEX) increased 181 points or 5.84% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Russia. Russia Stock Market Index MOEX CFD - values, historical data, forecasts and news - updated...
tradingeconomics.com
The ruble-based MOEX Russia index closed 5 points lower at 2,206 on Thursday, halting two consecutive sessions of gains as investors monitored discussions regarding the G7’s price cap on Russian oil exports and the effect it may have on state energy revenues.
Urals oil contracts currently trade at $67 per barrel, driving multiple states to argue that the current proposals of a $65-$70 ceiling are too lenient.
Still, Greece and Malta argued for higher cap values to limit the impact on their shipping industry.
Oil companies closed mostly lower, with Rosneft, Tatneft, and Lukoil dropping between 0.25% and 0.5%, but still holding gains from the week.
In the meantime, Gazprom closed flat after announcing it plans to boost investments by 16% to RUB 2.3 trillion next year.
On the macro front, the latest data showed the decline in industrial activity unexpectedly eased in October, and producer prices rose the least in two years.