russian stocks ruble dive again
Last Updated : GMT 06:32:30
Arab Today, arab today
Arab Today, arab today

Russian stocks, ruble dive again

Arab Today, arab today

Arab Today, arab today Russian stocks, ruble dive again

Moscow - Ria Novosti

Russian stock indices sank in early trade on Friday with some shares hitting a one-year low and the ruble extended losses over global economic uncertainties, analysts said. The index of ruble-denominated MICEX exchange dropped to 1,350, its lowest since last August at opening of trade, but rebounded slightly to 1,361 by 12:00 Moscow time. The dollar-denominated RTS stock exchange dropped 2.18 percent to 1,357. The losses added to Thursday\'s falls, when the RTS index plummeted 8.61 percent to 1,388 and the MICEX index dropped 7.82 percent to 1,389. \"The G20 meeting is continuing and more concrete measures to overcome the crisis (for instance, widening the IMF and the European Financial Stability Fund\'s authority and funding) may be announced at its end,\" Bank of Moscow analyst Yury Volos said. \"Otherwise, ... the markets fall may continue at a higher speed.\" The official exchange rate of Russian ruble for tomorrow settlement fell 20 kopecks to 32.10 to the dollar. Against the euro, the ruble lost 20 kopecks to 43.36 by 11.52 Moscow time. The bi-currency basket against which the ruble is valued, comprising $0.55 and 0.45 euros, hit the upper limit of the floating currency corridor of 37.20 rubles at Friday\'s open. VTB Capital analysts said in a research note they thought the central bank had sold more than its usual 400 million rubles on Thursday to calm the markets. \"We expect the central bank will have to shift the band up several times within the next few weeks, in line with its existing intervention mechanism of spending more reserves to support the ruble. However, we do not exclude the central bank\'s finding an appropriate moment to widen the band by the end of the year,\" VTB Capital said. It also said not only external, but also internal factors were pushing the ruble down. \"It is mainly external factors which have triggered the recent sharp ruble depreciation on the back of non-residents\' massive liquidations in the domestic equity and bond markets. However, there are internal factors (seasonally weaker current account balance, political uncertainty ahead of elections) which could keep the ruble from making a material recovery until the end of the fourth quarter of 2011, even if the global markets stabilize,\" VTB said, referring to parliamentary elections in December and presidential polls in March. \"Hence, in the near term (the next two-three months), we see the risks for the ruble being more to the downside than the upside.\" Promsvyazbank analysts said the ruble would be supported at 31.85 per dollar level.

arabstoday
arabstoday

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russian stocks ruble dive again russian stocks ruble dive again

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russian stocks ruble dive again russian stocks ruble dive again

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Ayten Amer happy for “The Flood” success

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:21 2017 Tuesday ,14 November

Nelly Karim focuses on humanitarian roles

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday