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
Three Markets to Watch in the Week Ahead (03.04.2026)
Daily Summary: A Lull in the Pre-Holiday Calm
Market wrap 📌US indices in focus amid strong NFP data and $100 oil
DAX down 12% from all-time high 🚩Watch this 2 stocks in April