Central Bank of Russia lowered by 2.94 kopecks to 24.7235 rubles/U.S. dollar the official rate of exchange for the weekend and Monday.
Photo: Ivan Grankin
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Dollar Down First Time in a Week
Central Bank of Russia lowered by 2.94 kopecks to 24.7235 rubles/U.S. dollar the official rate of exchange for the weekend and Monday, reflecting depreciation in the U.S. currency first time in six trading sessions. At the same time, euro gained 2.95 kopecks to 35.5796 rubles. Worldwide, the European currency climbed to $1.4388 by early December 24.
Although insignificantly, Russia’s stock indices posted some gains past week. RTS increased 0.56 percent to 2,296.09, MICEX stepped up 0.25 percent to 1,931.2. Aeroflot was the leader with past week’s growth of 2.6 percent.
On the U.S. floors, the traders were dealing for a rise on the eve of Christmas. Dow Jones climbed 1.55 percent to 13,450.65, S&P 500 grew 1.67 percent to 1,484.46, Nasdaq went up 1.94 percent to 2,691.99. Some 73 percent of stocks went up on NYSE fueled mostly by extraction corporations.
None of ten biggest stock blockbusters closed down in Europe. Britain’s FTSE 100 soared 1.39 percent to 6,434.1, German DAX stepped up 1.7 percent to 8,002.67.
On NYMEX, the February contract for Texas WTI grew $2.25 to $93.31 per a barrel. The Brent contract, February deliveries, gained $1.58 to $92.46 per a barrel on London ICE. The analysts attribute the increase to higher consumer spending in the United States.
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