The ruble is at a high level in the midst of hopes after the progress of the Russia-Ukraine peace talks.
The Russian currency strengthened to more than 88 rubles per dollar, while it is now at 87.75 rubles.
The Sky News reporter James Schiller said the development was a reflection of optimism in the markets about a possible peace deal / ceasefire agreement – but he was wary of over-interpreting it. “It’s a measure of hope, for sure,” he said.
“It’s a very volatile situation, so we need to be careful not to overemphasize it,” he said, noting that markets were rushing to grab any positive reputation.
Immediately after the first announcements, the price of oil plunged, despite the rise earlier.
At around 15:30 Greek time, North Sea Brent for delivery in May fell 5.95% to $ 105.79 a barrel and US WTI fell 6.14% to $ 99.45 a barrel. falling below the symbolic $ 100 bar.
The European index Stoxx 600 rose 1.8%, with all sectors rising, while US futures jumped,
Climate of euphoria and in greek stock exchangewith the General Index rising 2.68% to 885.08 points and trading to 56.69 million euros, expanding its earnings minute by minute.
A little while ago the Russia announces “drastic” restrictions its military activity in the Kiev and Chernihiv regions of Ukraine, following the “substantial” Ukrainian-Russian talks in Istanbul, Russian negotiators said.
“As negotiations on a neutrality and non-nuclear status agreement between Ukraine enter a practical dimension (…) it has been decided to drastically reduce military activity in Kyiv and Chernihiv to strengthen mutual trust,” Konstantinov told Undersecretary of Defense Alexander Fomin.
The head of the Russian delegation, Vladimir Medinsky, spoke of “substantive talks.”
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