The stock market of the Russian Federation, which started trading in the red, ended trading in different directions. Stocks in Asia declined on Tuesday amid inflationary fears overshadowing optimism that the United States might lift some of China’s trade restrictions. Europe traded in the red. The composite purchasing managers’ index (PMI) of 19 eurozone countries fell to 54.9 in May from 55.8 in April, according to preliminary data from S&P Global. The indicator turned out to be less than analysts’ expectations at the level of 55.3 points. America opened on a downtrend. Sales of new homes in the US in April fell 16.6% compared with the previous month and amounted to 591 thousand in annual terms. This is the worst figure since April 2020. In the oil market in the evening, prices won back the morning losses and went into positive territory. Earlier, quotes moderately declined on the market’s concern about the lack of economic support measures by the Chinese authorities. The administration of US President Joe Biden, meanwhile, is considering the release of diesel fuel from strategic stocks in order to contain a sharp rise in prices. If necessary, the States can quickly release about 1 million barrels of diesel fuel, said White House press secretary Emily Simons. The Moscow Exchange index decreased by 0.36% and as of 18:50 Moscow time amounted to 2293.62 points. The RTS index grew by 1.6% – up to 1273.73 points. Source: FINMARKET.RU

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