The Russian stock market started the week with growth against the backdrop of improving stock sentiment in Europe and attempts to correct oil upwards after the fall. The Moscow Exchange Index has updated its maximum since the end of May and exceeded the mark of 2400 points, led by the securities of NOVATEK (+11.7%), the RTS index updated its maximum for 4 months. Stock indices of the countries of the Asia-Pacific region ended trading on Monday with multidirectional dynamics. Europe traded on the rise, plus the American stock futures. The People’s Bank of China (PBOC, central bank) has kept the base interest rate on loans (LPR) for a period of one year at 3.7% per annum. The rate on five-year loans was kept at 4.45% per annum after being cut by 15 basis points a month earlier. In the oil market, after a volatile session, prices began to change in different directions after a sharp fall on Friday, due to growing market fears that the rapid tightening of the Federal Reserve System’s policy will provoke a recession in the US economy. The Moscow Exchange index increased by 2.14% and as of 18:50 Moscow 2404.40 points. The RTS index grew by 3.21% – up to 1357.63 points. Source: FINMARKET.RU

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