Meanwhile in Russia, the MOEX Index has showed a record growth. The indicator has confidently reached a new high breaching the mark of 2,377 points. Now the date of 10 July 2018, when the MOEX Russia Index tested levels above the reading of 2,377, will be included in the records.
The previous record was established on February 26, when the index beat the previous all-time high and stood at 2,376.81. Experts link this jump to higher crude prices. Increased risk appetite of market participants is named as another reason behind the surge. And Russian assets can truly be considered risky. So anyone willing to be thrilled, welcome to a kind of “Russian roulette”.
Anyway, let’s hope that the sky is the limit for the MOEX Index and that it will continue reaching new highs. Besides, most pundits predict that the index will move even higher to the range of 2,400 – 2,500 after consolidation at current levels.
