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$26.35 -0.1  -0.6%

Last Trade - 18/09/20

Large Cap
Market Cap £4.00bn
Enterprise Value £4.08bn
Revenue £1.62bn
Position in Universe 182nd / 1807

Russian rouble weakens, stocks hit five-month high before retreating

Thu 6th August, 2020 9:17am
MOSCOW, Aug 6 (Reuters) - The Russian rouble weakened on
Thursday as oil prices fell, while stocks jumped to a more than
five-month high before losing ground.  
    At 0810 GMT, the rouble was 0.5% weaker against the dollar
at 73.27  RUBUTSTN=MCX  and had lost 0.4% to trade at 86.80
versus the euro  EURRUBTN=MCX .
    The weakening U.S. dollar normally plays in the rouble's
favour, said Elena Kozhukhova, analyst at Veles Capital, but the
Russian currency has ignored this in recent weeks. A recovery in
imports and caution in August due to a history of adverse events
have weighed on the rouble.
    Brent crude oil  LCOc1 , a global benchmark for Russia's
main export, was down 0.5% at $44.96 a barrel, moving away from
its strongest level since March 6, hit on Wednesday. 
    The external background ahead of trading was neutral, said
Andrei Kochetkov, an analyst at Otkritie Brokerage, with oil
prices initially strengthening and the improving performance of
commodity currencies versus the greenback playing against
negative dynamics in Asian stock markets. 
    Market players were focused on U.S. jobless data, expected
at 1230 GMT. 
    Russian stock indexes dipped.
    The dollar-denominated RTS index  .IRTS  was down 0.8% at
1,285.7 points. The rouble-based MOEX Russian index  .IMOEX  was
0.1% lower at 2,990.0 points, having earlier broken above the
psychological 3,000 point barrier for the first time since Feb.
    Shares in TCS Group  TCSq.L  were up 2.7% in London after
the group reported a 25% rise in its second-quarter net profit.*:nASN000AGM

    For Russian equities guide see  RU/EQUITY 
    For Russian treasury bonds see  0#RUTSY=MM 

 (Reporting by Alexander Marrow; editing by Emelia
 ((; +7 495 775 1242;))
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