Russian stocks rallied on Wednesday following the result of the US presidential election
Russian assets have become the main topic of discussion among Western traders after Donald Trump secured victory in the US presidential election, the Financial Times reported on Thursday, citing market insiders.
According to the report, Trump’s repeated pledges to end the Ukraine conflict are seen as a sign that Western sanctions placed on Moscow could soon be lifted, making Russian stocks and the ruble a lucrative investment.
Trump secured victory over his Democratic opponent Kamala Harris with 296 electoral college votes, surpassing the 270 required for a win. The president-elect had repeatedly said throughout his election campaign that he could end the Ukraine conflict within 24 hours upon returning to the White House. While his actual return will happen upon his inauguration in 10 weeks, the Russian stock market reacted to the news of Trump’s victory with what analysts dubbed a “Trump rally,” with the stocks of all major Russian companies soaring. According to the FT, the situation has not gone unnoticed by Western traders.
…
Read Full Article Here…(rt.com)
Home | Caravan to Midnight (zutalk.com)
Live Stream + Chat (zutalk.com)
Be First to Comment