ruble stocks rise as global oil prices move higher
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Ruble, stocks rise as global oil prices move higher

Arab Today, arab today

Arab Today, arab today Ruble, stocks rise as global oil prices move higher

Moscow - Ria Novosti

Russian stocks and the ruble rose on Wednesday after a long plunge, thanks to a pick-up in oil prices and intervention by the Russian central bank. The average-weighted exchange rate of the Russian ruble with tomorrow settlement grew 4 kopecks against the dollar to 32.63 on Wednesday amid a positive external background and higher world oil prices. The value of the bi-currency basket, comprising $0.55 and 0.45 euros, increased 6 kopecks to 37.48 rubles as of 10:01 a.m. Moscow time, two kopecks short of the central bank's upper band of the currency corridor. International oil prices grew to about $101.5 per barrel from nearly $100 on Tuesday. The Russian ruble-denominated RTS stock index grew 0.88 percent to 1,235.75 by 11:30 Moscow time, while the index of the dollar-denominated MICEX exchange went up 1.04 percent to 1,280.90. "Asian markets are trading with small losses at mid-afternoon as the prevailing mood remains one of risk-phobia. However, the overnight gain in the price of oil has helped Moscow's markets to open with a partial reversal of yesterday's big loss. Investors will, however, again wait to see how Europe's bourses and, later, the US markets react to the Italian downgrade and further cautious statements about European solvency risk," Troika Dialog said in its research note. Moody's international rating agency downgraded Italy's credit rating of state bonds by three notches, to A2 from Aa2, with a negative outlook, as it forecast further risks for eurozone amid economic instability. The agency also said that it might cut ratings of some EU members with the credit rating position below AAA over worries about the eurozone's future. In Europe, the FTSE100 rose 1.98 percent to 5,042.38, the DAX grew 1.77 percent to 5,308.93, the CAC40 went up 2.26 percent to 2,914.92 as of 11:30 a.m. Moscow time. Central bank head Sergei Ignatyev said on Wednesday the bank had sold $1.15 billion on the domestic market on Tuesday and some $8 billion in September to prevent the ruble weakening.  

arabstoday
arabstoday

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*

ruble stocks rise as global oil prices move higher ruble stocks rise as global oil prices move higher

 



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*

ruble stocks rise as global oil prices move higher ruble stocks rise as global oil prices move higher

 



GMT 13:23 2012 Saturday ,07 July

Syria shells Wadi Khaled: 3 killed, 9 wounded

GMT 17:45 2016 Monday ,18 April

School Olympics embody state's future vision

GMT 15:30 2017 Tuesday ,11 April

Church attacker denies his death

GMT 21:43 2012 Monday ,20 February

AUC remembers Omar Mohsen at the graduation

GMT 12:47 2017 Friday ,06 January

Daesh militants kill 4 soldiers near Iraq's Tikrit

GMT 21:13 2017 Monday ,06 February

UN: Afghan civilian casualties rose 3 percent in 2016

GMT 22:30 2014 Tuesday ,30 December

Jordanian senate passes income tax draft law

GMT 14:29 2016 Saturday ,29 October

Yuksel offers top-notch engineering services

GMT 02:36 2017 Friday ,03 February

Tunisian journalists executed, says Daesh suspect

GMT 10:32 2015 Saturday ,28 March

World's first 'Otaku' summit opens in Japan
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday