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Significant Decline in MOEX Russia Index Marks Start of 2024

Significant Decline in MOEX Russia Index Marks Start of 2024

The MOEX Russia Index, the primary benchmark for the Russian stock market, has seen a notable drop of 273 points, translating to an 8.81% decrease since the start of 2024. This decline is based on trading activities for a contract for difference (CFD) that tracks this crucial index.

Looking ahead, analysts and global macro models predict that the MOEX CFD will trade at 2742.39 points by the end of this quarter. Furthermore, it is anticipated that the index may settle at 2524.76 points in the coming twelve months, reflecting ongoing market dynamics and economic trends.