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Russian stock indices MOEX, RTS rising as trading day ended

Brent oil futures prices gained 2.53% to $66.5 a barrel on the London-based ICE MOSCOW, May 21. /TASS/. Russian market indexes ended the trading session on Friday in the green. The MOEX Russia Index rose by 0.67% to 3,660.48 points by the close of business on the Moscow Exchange. The RTS index added 0.69% to reach 1,569.55 points. As of 7:24 pm Moscow time, the dollar-to ruble increased by 0.07% to 73.60 rubles, the euro rate decreased by 0.28%, to 89.63 rubles. The release of strong preliminary PMI indices in the manufacturing and services sectors of the eurozone and the United States in May was the reason for the growth of optimism on foreign platforms. At the same time, data on sales in the US secondary home market in April came out weaker than expected. Confident figures on retail sales for April and preliminary May PMIs in the manufacturing and services sectors were also presented by the UK, says Alexander Bakhtin, investment strategist at BCS World of Investments.

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