(Finance) – Today the European and American financial centers are still in the Friday before Easter. It moves sharply down there Moscow exchange, the only one that trades in Europe. The Moex index dropped 1.55% to 2.4021 points. The ruble was weak, trading at 80.88 against the dollar and 87.41 against the euro.
Sitting in reduced ranks, however, for the asian stock exchanges disappointed by China’s decision not to cut interest rates. A move expected by investors in response to the slowdown in the Chinese economy due to the flare-up of Covid-19 outbreaks.
Speaking of central banks, the markets were also disappointed by the ECB which yesterday confirmed unchanged interest rates and the possible withdrawal of QE measures within the third quarter. On the currency market, the euro plummeted to a two-year low against the US dollar since the president’s comments Christine Lagarde confirmed that the ECB is in no rush to raise rates, in contrast to the tightening of monetary policy by the Federal Reserve.