Moscow Exchange Index Holds Above 2460 as Ruble Weakens, Brent Retreats from $100

Russian equities consolidated with mixed blue-chip dynamics as Brent January futures slipped to $97 after briefly topping $100, while the ruble weakened. Market sentiment is buoyed by hopes for progress in Russia-U.S.-Ukraine talks, but the index still fell on the week. The pullback in oil and currency weakness signal persistent macro uncertainty despite diplomatic optimism.

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