Most of the European stock markets are shut today but not Russian RUS50. The index is vulnerable to changes in oil prices and can be used today as a kind of proxy for crude (oil market is closed). In spite of Mexico walking away from OPEC+ talks yesterday, today's 2% gain of RUS50 shows that hopes of oil output cut are still alive. G20 energy ministers will meet today at 1:00 pm BST to discuss output cuts.
RTS (RUS50) managed to test 50% retracement of the February-March drop yesterday (orange circle) but failed to break above. Today's gain of the index shows that hopes of oil output cut are not dead yet. Source: xStation5
💥Daily Summary: Tech Sector Crash on Wall Street and Historic Attack on Binance
🔴Three Markets to Watch Next Week: US500, BITCOIN, EURUSD (30.10.2026)
US OPEN: Bloody end to the quarter. Intel loses nearly 1/3 of its value, and the crypto market shakes off a hack on the largest exchange.
Market Wrap: Binance Hack Shakes Markets. European Equities Under Pressure