The expert named the factors of the decline in the Moscow Exchange index

The decline in the Moscow Exchange index is due to a number of unfavorable news about the introduction by US President Donald Trump of historically high tariffs for the country's trading partners. Olga Veretennikova, Vice president of the Borsell analytical company, shared this opinion in an interview with Izvestia on April 7.

Earlier in the day, the Moscow Exchange index (MOEX) dropped below 2.7 thousand points, according to the trading platform.

"A series of news negatively affected the Russian stock market. Last week, Trump announced record tariffs on US trading partners, with Southeast Asian countries, including China, hardest hit," the expert explained.

According to her, China's response was not long in coming — duties of 34% were imposed against the United States. This has raised investor concerns that the global economy may slow down.

According to the expert, the United States may face a recession, and it will be difficult for China to return to sustainable growth. As a result, a large-scale asset sale began, which also affected the Russian market.

"The consequences of the slowdown in global demand will be a decrease in consumption and demand for industrial metals, oil and petroleum products. Accordingly, their prices have also come under pressure," Veretennikova said.

The decline in oil prices has worsened the situation: last week, the price of Brent crude oil fell by 9.87%, reaching $65.58 per barrel. On the morning of April 7, the decline continued, and the price of Brent crude oil dropped below $64 per barrel for the first time since April 2021, approaching the $63 mark. This has put additional pressure on Russian stocks.

Earlier, on April 3, Natalia Vashchelyuk, senior analyst at the First Management Company, told Izvestia about current financial instruments. According to her, investments in foreign exchange instruments, such as cash and foreign currency deposits, remain relevant.