26.06.2026, 12:36
The Russian stock market has updated its minimum
Source: OREANDA-NEWS
OREANDA-NEWS At the beginning of trading on Friday, June 26, the Russian stock market continued to decline and is testing multi-year lows. The Moscow Exchange index dropped to 2204 points, which was last observed in February 2023, according to the site's data.
The RGBI government bond index is falling along with it. By 12:00 Moscow time, it reached 113.34 points, which is one point lower than the day before.
The downward trend in Russian stocks and bonds is provided by the negative geopolitical background, that is, the lack of negotiations to stop the fighting in Ukraine, the difficult situation with gasoline and the opening of the Strait of Hormuz for tanker passage, which dramatically improves the situation with oil supply on the world market.
The price of Brent futures is approaching $ 72 per barrel, which is already comparable to the level at which the raw materials were traded in February, before the start of the Israeli and US operations in Iran. In turn, the price of Russian Urals oil dropped below $ 59 per barrel.
The trigger for the start of the sales was the decision of the Bank of Russia to slow down monetary policy easing. After the regulator lowered the key rate to 14.25 percent a week ago, although analysts had expected a reduction to 14 or even 13.5 percent, the market realized that hopes for an early normalization of the situation with the cost of borrowed money were not justified.
The RGBI government bond index is falling along with it. By 12:00 Moscow time, it reached 113.34 points, which is one point lower than the day before.
The downward trend in Russian stocks and bonds is provided by the negative geopolitical background, that is, the lack of negotiations to stop the fighting in Ukraine, the difficult situation with gasoline and the opening of the Strait of Hormuz for tanker passage, which dramatically improves the situation with oil supply on the world market.
The price of Brent futures is approaching $ 72 per barrel, which is already comparable to the level at which the raw materials were traded in February, before the start of the Israeli and US operations in Iran. In turn, the price of Russian Urals oil dropped below $ 59 per barrel.
The trigger for the start of the sales was the decision of the Bank of Russia to slow down monetary policy easing. After the regulator lowered the key rate to 14.25 percent a week ago, although analysts had expected a reduction to 14 or even 13.5 percent, the market realized that hopes for an early normalization of the situation with the cost of borrowed money were not justified.
Комментарии