MOEX index closes above 2,400 after Putin–Trump call, Kommersant reports
In short
The MOEX index crossed 2,400 during evening trading and closed at 2,401.8, up 3.87%, Kommersant reported. RBC and Kommersant linked the rally to Russian–US agreements following a call between Vladimir Putin and Donald Trump.
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The MOEX index rose above 2,400 during evening trading and finished at 2,401.8, Kommersant reported, putting the session's increase at 3.87%. RIA Novosti reported that the index was at 2,397.67 at 23:42 Moscow time, up 3.69% from the previous close, after reaching 2,403.57 minutes earlier. TASS reported a level of 2,403.16 at 23:40. RIA, TASS and Kommersant described the crossing of 2,400 as the first since June 30, while RBC's headline described it as the first in two months. [ 1 , 2 , 3 , 4 ]
Kommersant listed Rosneft, up 10.19%, Sovcomflot, up 9.07%, Lukoil, up 8.42%, Surgutneftegas, up 7.69%, and Tatneft, up 6.47%, among the leading gainers. Citing Interfax, it attributed the jump to reports of Russian–US agreements following a telephone conversation between Vladimir Putin and Donald Trump. RBC also linked the rally to the presidents' conversation and arrangements for Russian diesel supplies to world markets. [ 2 , 4 ]
Kommersant reported that the US Treasury issued a temporary licence after the call allowing supplies of Russian diesel to global markets and the United States. It also reported that Russian Deputy Prime Minister Alexander Novak said Russia was immediately beginning to remove restrictions on diesel exports. RBC's summary likewise reported a special US Treasury licence for Russian diesel supplies. [ 2 , 4 ]
Why it matters
Oil and shipping shares were among the leading gainers reported by Kommersant. The outlets linked the market move to arrangements concerning Russian fuel supplies and a US Treasury licence.
Key facts
- Kommersant reported a closing index level of 2,401.8 and a gain of 3.87% in evening trading. [ 4 ]
- RIA Novosti reported 2,397.67 at 23:42 Moscow time, up 3.69% from the previous close, after an earlier rise to 2,403.57. [ 1 ]
- TASS reported 2,403.16 at 23:40 Moscow time. [ 3 ]
- Kommersant reported gains of 10.19% for Rosneft, 9.07% for Sovcomflot and 8.42% for Lukoil. [ 4 ]
- RBC and Kommersant linked the rise to Russian–US agreements concerning fuel supplies. [ 2 , 4 ]
Confirmed by several sources
Still unclear
- The outlets differ on how long it had been since the index last exceeded 2,400. RIA Novosti, TASS and Kommersant say June 30; RBC's headline says two months.