Russia's Stock Market Closes Higher, Analysts Forecast Tuesday Ranges
L'essentiel
- Russia's MOEX Index rose 2.84% and the RTS Index gained 1.92% on Monday.
- Analysts from BCS World of Investment and Freedom Global provided forecasts for Tuesday's MOEX Index and ruble exchange rates against the US dollar, euro, and yuan.
Résumé généré par IA
Pourquoi c'est important
Russia's stock market indices, MOEX and RTS, both closed in positive territory on Monday. Several financial institutions provided their projections for the market's performance and currency exchange rates for the following day.
MOSCOW, June 29. /TASS/. Russia’s stock market closed in the green on Monday as the ruble-denominated MOEX Index added 2.84% to 2,350.43 points, while the dollar-denominated RTS Index gained 1.92% to 952.28 points. The yuan exchange rate against the ruble lost 11 kopecks to 11.37 rubles.
BCS World of Investment projects the ruble’s exchange rates at 77-79 rubles per 1 US dollar, and 11.2-11.6 rubles per 1 Chinese yuan, and the MOEX Index at 2,250-2,350 points on Tuesday.
Freedom Global expects the MOEX Index at 2,250-2,350 points on June 30. The USD/RUB pair is expected to trade at the 76-78 rubles range, the EUR/RUB pair is projected at the 87-89 rubles range, while the CNY/RUB pair is expected at the 11.3-11.8 rubles range.
À surveiller
Perspective IA — des possibilités, pas des certitudes
The MOEX Index will trade at 2,250-2,350 points on Tuesday.
Probable · En quelques jours
The USD/RUB pair will trade at 76-79 rubles, EUR/RUB at 87-89, and CNY/RUB at 11.2-11.8 on Tuesday.
Probable · En quelques jours
Questions ouvertes
- What specific factors drove Monday's market gains?
- What are the long-term outlooks for the ruble?
- How accurate will the analyst forecasts prove to be?
