Russias stock market surged Thursday following U.S.
President Donald Trumps statement that he and President Vladimir Putinagreed to start ceasefire settlements for the war in Ukraine.As of noon Moscow time, the Moscow Exchange (MOEX) jumped more than 6% to 3,210 points, while the dollar-denominated RTS Index climbed over 6% to 1,080.
Shares of major Russian business, consisting of Novatek, Gazprom, Rostelecom and Aeroflot, rose more than 8%.
The ruble alsostrengthened 3.72% against the U.S.
dollar, trading at 90.5 rubles per dollar, and gained 3.64% versus the euro, reaching 94.04 rubles per euro.Despite the marketplace rally, global oil prices dipped, with Brent crude, an essential standard for Russian exports, falling about 1% to $74 per barrel and WTI unrefined dropping 1% to $70.50.
U.S.
and European stock futures also rose on optimism over a prospective peace settlement for the war in Ukraine.Investors dreamed about this situation however did not really believe it was possible, Cifa Broker chief analyst Ovanes Oganisyan told business newspaper Kommersant.The paper reported that the MOEX market capitalization reached 7.05 trillion rubles ($77.8 billion) after including 500 billion rubles in value Thursday morning.