Russian stocks and the ruble fell as investors reacted cautiously to upcoming negotiations between Russia and Ukraine in Istanbul.
Russian financial markets opened lower as delegations from Moscow and Kyiv prepare to meet in Istanbul for a new round of peace talks.
The Moscow Exchange (MOEX) Index dropped by 1.3%, slipping below 2,793 points, while the RTS Index declined by 1.28% to 1,119 points. The ruble also weakened slightly, with the USD/RUB exchange rate rising 0.27% to 79.3.
Analysts attributed the market downturn to investor skepticism over the outcome of the negotiations, particularly in light of recent Ukrainian strikes on Russian military airbases.
Market sentiment remains fragile, with participants watching closely for any signs of progress in the talks that could influence geopolitical risk and economic outlooks.
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On 15 September, President of the Republic of Azerbaijan Ilham Aliyev received Salim bin Mohammed AlMalik, Director-General of ICESCO, in Shusha.
President Donald Trump has suggested that a deal has been struck over TikTok’s U.S. ownership, days before scheduled talks with Chinese President Xi Jinping.
Senior officials from the United States and China are holding talks in Madrid this week, covering trade disputes, export controls, and the future of TikTok’s US operations. The discussions come as both sides navigate a fragile economic relationship defined by rivalry as much as interdependence.
The United Nations Human Rights Council will hold an urgent debate in Geneva on Tuesday on Israel's 9 September attack targeting Hamas leaders in Qatar, the Council said on Monday.
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The U.S. will lower tariffs on Japanese cars and auto parts by 16 September under a trade deal formalised by President Donald Trump, Japan’s chief negotiator said Tuesday.
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