2024-05-07 18:54:08
Currency
The US dollar and the yuan fell, the euro rose on the Moscow Stock Exchange during the May 7 trading session. At 19:00 Moscow time US dollar exchange rate compound 91.1 rubles, which is 24 kopecks lower than the closing level of previous trading. At that time, the price of the euro had increased by 39 kopecks and it was worth it 98.83 rubles. The Chinese yuan exchange rate fell by 5 kopecks and farm at the level of 12.59 rubles.
In the global foreign exchange market, the dollar index once morest a basket of six major currencies DXY rose and as of 8:30 p.m. Moscow time stood around 105.3 points.
Actions
The trading session on the Moscow Stock Exchange ended with a decline in the main indicators. The Moscow Stock Exchange index fell by 0.25% and farm at the level of 3427 points. The RTS index fell by 0.1% and completed trading session around 1185 points.
The main indicators of the American stock market showed upward momentum during the first half of the trading session. At 7:30 p.m. Moscow time, the Dow Jones Industrial Average increase by 0.2%, S&P 500 index added around 0.3%, and NASDAQ-100 grown up at 0.3%.
The U.S. stock market has held up in recent weeks, despite reports of steadily rising inflation and the risk that the Federal Reserve will keep interest rates high. This result is associated with better than expected corporate profits for the first quarter, writes Yahoo.
With 80% of the S&P 500 index now reported, analysts expect earnings per share growth of 5% for the quarter, which would be the biggest annual gain since the second quarter of 2022 and higher than analysts forecast by 3.2% before the start. of the season.
Analysts noted that despite high interest rates, which typically hurt stock prices, strong first-quarter corporate profits supported the market.
Oil
Oil prices increased on the evening of May 7. The price of Brent oil futures on the ICE Futures exchange in London at 8:30 p.m. Moscow time was around 83.5 dollars per barrel. WTI oil futures price on the New York Mercantile Exchange at that time amounted to regarding $79 per barrel.
The U.S. Department of Energy expects some OPEC+ countries that announced additional voluntary oil production cuts in the first half of the year to extend restrictions beyond June, said the agency’s Energy Information Administration (EIA) in a monthly report.
“We expect some OPEC+ countries to continue to limit production following additional voluntary cuts expire in June. Expectations of continued restrictions lead us to forecast a relatively balanced oil market in the second half of the year, which will support prices at $90 per barrel through the end of the year,” the report said.
According to the EIA, additional voluntary production cuts by a number of OPEC+ countries will cause global oil reserves to decrease in the first half of the year by an average of 0.3 million barrels per day.
1715131527
#Fall #Moscow #Stock #Exchange #successful #reporting #season #Wall #Street #Financial #Markets #Review
