The Moscow stock exchange down sharply close an

The Moscow stock exchange down sharply close an
Forex News

The two stock exchanges in Moscow ended the session on Thursday a sharp fall in the wake of other financial mo ...

The two stock exchanges in Moscow ended the session on Thursday a sharp fall in the wake of other financial centers, amid concerns about the state of the global economy.

The MICEX closed down 3.73% to 1452.83 points and the RTS ended on a down 4.79% to 1584.20 points.

Both places have slightly Moscow back on track, after a sharp drop late in the session, following other European and American stock exchanges leaded by the concerns of the Fed on liquidity of European banks.

Financial stocks were particularly affected: on RTS, title Sberbank plunged over 6%.

Figures released in the United States shortly before the opening of Wall Street have also highlighted the concerns of investors. The jobless claims have increased more than expected last week and consumer prices rose more than expected in July.

These very poor indicators reinforce fears of a slowdown in the world's largest economy.

The ruble has lost ground against the "basket" of currencies as a reference to the Central Bank (up to 45% euros and 55% of dollars), which was trading at 34.78 rubles to the fence in up 27 kopecks.