Russian Stock Markets And The Ruble Are 'Tanking'

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Jan 11th 2016, 20:00

Maxim Stulov / Vedomosti

New York Times: Russian Shares and Ruble Fall as Oil Prices Continue to Tumble

MOSCOW — Russia's main stock indexes plummeted on Monday, the first day of trading after a lengthy winter holiday here, as the drop in oil prices cast a pall over the country's energy-dependent economy.

The retreat for Russian shares was in line with declines on other exchanges around the world in the first week of the year, when financial markets in Moscow were closed for the Eastern Orthodox Christmas holiday.

One broad index of Russian stocks, the Micex, closed 3.75 percent lower on Monday. Another index, the RTS, which prices Russian shares in dollars and therefore reflects changes in the exchange rate as well as in the stock market, fell 4.9 percent.

The ruble dropped sharply at the opening of trading to more than 76 to the dollar, from 74.75, before recovering to close at 75.8.

WNU Editor: What will divert Russian President Putin's focus on places like Syria and Ukraine is the health and shape of the Russian economy. Considering what is happening .... he is definitely going to be a very distracted man.

More News On Russia's Ruble And Stock Market Declines

Russia's ruble slumps on first day of trading after holiday -- AP
Ruble Hits 13-Month Low on Falling Oil Prices -- Moscow Times
Russian assets get bruising from oil price slump -- Market Watch
Moscow markets fall after Russian Christmas break -- CNBC
Most Accurate Forecaster Sees Turnaround for Oil-Battered Ruble -- Bloomberg

KEEP SCROLLING TO THE END ...WE STILL GOT LOTS MORE .......

Revenge is a Poison meant for others, which we end up swallowing ourselves. Vengence is a Dark Light that blinds all who seek it. Don’t argue with Idiots.. They will bring you down to their level and beat you with experience.

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Russian Stock Markets And The Ruble Are 'Tanking'

NOW THE NEWS IN FULL.....

KEEP SCROLLING TO THE END ...WE STILL GOT LOTS MORE .......

Message from The Editor: Hello peeps! . We do hope that you will come back for more . This is only the beginning!!

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