Overview
- By 20:33 Moscow time, the Moex was up 5.66% at 2,689.38 after briefly touching 2,703.5, the highest since September 29, according to exchange data.
- The main session on October 16 closed with the Moex up 2.46% at 2,607.78 and the RTS up 2.14% at 1,038.78.
- President Donald Trump called his talk with President Vladimir Putin "very productive," and market commentators linked the evening spike to that update.
- Analysts highlighted a weaker ruble and Brent crude near $60 as tailwinds, with the yuan rising to 11.19 rubles on October 16 after 10.98 on October 15.
- Stock moves remained uneven as SPB Exchange gained 7.5% on October 16, Rosseti-Lenenergo preferred shares jumped 14.7% on October 15 after dividend guidance, Inter RAO slipped 1.4%, and PIK, Aeroflot and Nornickel advanced.