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On Monday, the Moscow Exchange was positively affected by the rise in the US, world stock markets and commodity prices today. The market performed better than the market on the eve of the release of the IFRS financial statements for the second quarter of trading stocks. The United States began to enter the green sector last summer and closed on August 3. The release of statistics provided a positive impetus, which recorded the growth of manufacturing activity in the United States and other countries, as well as strong quarterly reports from large companies. The S&P 501 index rose 0.73% that day to 3295 points, the highest level since February.
Driven by the outstanding financial performance of major US companies, the global market was closed with optimism. We do not expect other market participants to obtain such results, so we believe that further market volatility will be neutral.
Major western stock markets closed higher on Monday, especially in European markets. Against the backdrop of general optimism, the Russian market has also grown. By the end of the day, the ruble index of the Moscow Exchange had risen by 0.64%. Supported by the strengthening of the ruble against the dollar, the dollar index rose even more, reaching 1.87%. Among the growth leaders-the largest share (+4.22%) and (+3.93%). The rublestrengthened against foreign currencies in the context of the rebound in oil prices and the decline in the euro/dollar and pound/dollar pairs in the foreign exchange market.
On the other hand, commodity contracts show a downward trend. The Russian index will begin trading at a price close to the closing price of the previous transaction.
May enter a state of integration. The focus is on the trading volume during the evening hours. Due to past trading, the U.S. stock exchange closed as it grew. The Standard & Poor's 501 index rose 0.73% to close at 3,295.62 points; the Dow Jones Industrial Average rose 0.90%, and the high-tech Nasdaq index rose 1.48%. The yield on the 11-year U.S. Treasury bond rose by two basis points to 0.56%. How Robinhood Makes $400M a Year on Free Stock Trades