Russian stock indices closed moderately in the red on Thursday, June 24, despite the predominantly positive dynamics in foreign markets. At the same time, the leaders of the decline were shares of metallurgists on reports that the government of the Russian Federation in the period from August to December introduces export duties on ferrous and non-ferrous metallurgy products in order to compensate for additional costs incurred by state customers against the background of a rapid rise in prices. According to the head of the Ministry of Economic Development Maxim Reshetnikov, ferrous metallurgy enterprises will pay about 110-115 billion rubles to the budget through a duty, and non-ferrous metallurgy — 50 billion rubles. In addition, the emerging correction in oil prices exerted additional pressure on the mood of Russian investors.
https://www.lavelle.com/sites/default/files/webform/request_a_quote/_sid_/video-daytime-emmy-utierut01.html
https://www.lavelle.com/sites/default/files/webform/request_a_quote/_sid_/The-Fast-Saga-f9-Movie-online1.html
At the end of the main trading session, the Moscow Exchange index dropped by 0.36% to 3823.4 points, while the RTS index decreased by 0.08% to 1664.9 points.
S&P 500 and Nasdaq have updated records
American stock indexes are confidently rising on Thursday, while the S&P 500 and Nasdaq renewed all-time highs. Investor sentiment is supported by expectations that monetary policy in the United States will remain stimulating for a long time, despite a certain increase in inflationary pressure. Thus, the head of the Fed, Jerome Powell, during his speech in Congress earlier this week, confirmed his opinion that the current increase in inflation in the country is temporary, and the regulator will not rush to raise rates and curtail the asset repurchase program.
The macro statistics released today also generally played into the hands of the “bulls”. Claims for unemployment benefits in the United States last week, according to the report of the Ministry of Labor, resumed their decline, although they fell slightly weaker than expected — only 7 thousand to 411 thousand. In addition, the US Department of Commerce confirmed in the final version the country’s GDP growth of 1 m quarter of this year at the level of 6.4% in terms of annual rates.
As of 19:15, the blue-chip Dow Jones Industrial Average rose 0.67% to 34,099.5 points. The Standard & Poor’s 500 broad market index climbed 0.52% to 4,263.9 points, while the Nasdaq Composite high-tech index rose 0.91% to 14,401.2 points.
Shares in the largest US payment system Visa rose 0.6% on reports that the company has agreed to buy Swedish fintech startup Tink for more than $ 2 billion.
Casino operator MGM Resorts International surged 3.4% after analysts at Deutsche Bank upgraded its stock to Buy from Hold.
Accenture, a consulting company, gained 1.9% as the company’s management improved its revenue forecast for the current year.
The shares of the iPhone manufacturer Apple, which are part of the ‘US. Balanced «, increased in value by 0.2.
