At the end of last week, US and EU financial markets were closed for Good Friday.
Due to that, without external stimulation, Russia’s equity market experienced subdued trading activity and posted the following results – the MICEX index fell 0.13 percent to 1,681.47 points, and the RTS index shed 0.3 percent down to 930.75 points.
On the global Forex market on Friday, the euro went up against the dollar. If the rise continues, EUR/USD may reach 1.1090. However, the euro’s advance can be hampered by the situation in Greece. Greece must pay part of its debt to the IMF this Thursday but there’s no arrangement for a new tranche yet.
Today a number of markets will still be closed for Easter Holidays.
Anna Gorenkova, NordFX Analyst