Oscillations of the economic scenario in Europe and the Middle East in crucial hours. The Moscow Stock Exchange index rose 24% this Friday as the advance of Vladimir Putin’s troops in Ukraine continues, just hours after falling more than 39%.
Following the decision of the North Atlantic Treaty Organization (NATO) not to send troops to the conflict, the RSTI rose 190.15 points to 933.06, a significant gain of 25.60%.
On the eve, the Russian currency, the ruble, reached its historical low against the dollar. Meanwhile, the listing on the Moscow Stock Exchange and the Saint Petersburg Stock Exchange was suspended due to the strong volatility of the markets. However, the stock market outlook today is different.
For their part, the main European stock markets opened higher this Friday, after the sharp falls recorded on the eve of Russia’s invasion of Ukraine. The markets celebrate the economic sanctions, although Russia showed strength to face them.
In the first transactions, the Frankfurt and London stock markets rose 1.3%, and the Paris market 1.1%. Then, Frankfurt and Paris moderated their rises.
Asian stocks also rebounded in the wake of Wall Street, which closed in the green on Thursday after the United States decided to impose severe sanctions against Russia. “Investors have assessed the current risk and the sanctions imposed against Russia,” AvaTrade analyst Naeem Aslam told AFP.
“They believe that the massive sale is an opportunity to buy at good prices. So stocks are going up,” she added.
Source: Larepublica
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