financetom
World
financetom
/
World
/
Russian rouble steadies, Sberbank shares hit more than two-year high
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russian rouble steadies, Sberbank shares hit more than two-year high
Mar 5, 2024 12:07 AM

MOSCOW, March 5 (Reuters) - The Russian rouble steadied

near 91 to the dollar on Tuesday, while shares in leading lender

Sberbank surged to a more than two-year high.

At 0744 GMT, the rouble was unchanged against the dollar at

91.28 and had gained 0.2% to trade at 99.01

versus the euro. It had firmed 0.1% against the

yuan to 12.64.

The rouble has now lost support of month-end tax payments

that usually see exporters convert foreign currency revenues to

meet local liabilities.

Brent crude oil, a global benchmark for Russia's

main export, was down 0.4% at $82.49 a barrel.

Russian stock indexes were lower.

The dollar-denominated RTS index was down 0.2% to

1,135.0 points. The rouble-based MOEX Russian index was

0.3% lower at 3,286.9 points.

Shares in dominant lender Sberbank climbed past

the 300 roubles per share mark in early trade to reach their

highest since early January 2022.

Alor Broker's Alexei Antonov said the market is expecting a

pre-dividend rally from Sberbank shares. The bank expects to pay

50% of last year's record profits in dividends.

For Russian equities guide see

For Russian treasury bonds see

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Stocks surge in relief rally after Trump pauses tariffs
Stocks surge in relief rally after Trump pauses tariffs
Apr 9, 2025
SINGAPORE (Reuters) - Global stocks rallied, the dollar found footing and a manic bond selloff stabilised on Thursday after U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries. Following a days-long market rout that erased trillions of dollars from global stocks and pressured U.S. Treasury bonds and the dollar,...
GLOBAL MARKETS-Stocks surge in relief rally after Trump pauses tariffs
GLOBAL MARKETS-Stocks surge in relief rally after Trump pauses tariffs
Apr 9, 2025
* Stocks rally sharply, European futures jump * Bond market rout shows signs of stabilising * Fed funds futures retreat By Rae Wee SINGAPORE, April 10 (Reuters) - Global stocks rallied, the dollar found footing and a manic bond selloff stabilised on Thursday after U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed...
Japan's Nikkei surges on relief after Trump pauses tariffs
Japan's Nikkei surges on relief after Trump pauses tariffs
Apr 9, 2025
TOKYO, April 10 (Reuters) - Japan's Nikkei share average jumped on Thursday as worries about the economic impact of U.S. tariffs receded after President Donald Trump declared an immediate 90-day tariff pause for many countries. At 0023 GMT, the Nikkei was up 8.8% at 34,492.05. . The broader Topix rose 7.9% to 2,534.89. In a stunning reversal, Trump said on...
Japan's Nikkei surges on relief after Trump pauses tariffs
Japan's Nikkei surges on relief after Trump pauses tariffs
Apr 9, 2025
TOKYO (Reuters) - Japan's Nikkei share average jumped on Thursday as worries about the economic impact of U.S. tariffs receded after President Donald Trump declared an immediate 90-day tariff pause for many countries. At 0023 GMT, the Nikkei was up 8.8% at 34,492.05. . The broader Topix rose 7.9% to 2,534.89. In a stunning reversal, Trump said on Wednesday he...
Copyright 2023-2026 - www.financetom.com All Rights Reserved