INSUBCONTINENT EXCLUSIVE:
Russias stock market surged Thursday following United States 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 United States 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
United States 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.
