Moscow Stocks Higher On Trump Win
Rukhshan Mir (@rukhshanmir) Published November 09, 2016 | 04:35 PM
MOSCOW, Nov 9, (UrduPoint / Pakistan Point News - 09th Nov, 2016 ) - Moscow stocks ticked up Wednesday on news of Donald Trump's victory in the US presidential election, running counter to falls in global financial markets, amid hope that Trump would mend relations with Moscow.
Russia's dollar-denominated RTS index gained 1.2 percent at 0900 GMT, while the ruble-denominated Micex went up 1.0 percent. Some analysts said that Russia's economy is likely to benefit from Trump's victory, as he repeatedly professed his desire to work with Moscow during the presidential campaign, stirring hopes that his term would bring an ease in sanctions over the Ukraine crisis.
Economy Minister Alexei Ulyukayev was quoted by Russian agencies as saying Wednesday that he "would like to rebuild a higher level of trust and cooperation", including economic, but that it was too early to tell if Trump would fulfil those hopes.
"Any assumption for a quick dilution of sanctions or an early summit between Trump and Putin is unrealistic," wrote Chris Weafer, senior partner in Macro-Advisory consultancy.
Related Topics
Recent Stories
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
Hoopo Inc. Collaborates with SAU to Install Solar-Powered RO Plant
04 killed in Spain as Storm Nelson looms
Russian military jet crashes into sea off Crimea: Governor
Rain-windstorm/thunderstorm likely at various parts of country
Implementation of Sindh Agriculture Workers Act-2019 demanded
Pandemic accord talks heading for extra time
Khawaja reiterates PM commitment to judiciary
More Stories From Business
-
Pakistan retains position in FTSE secondary emerging market
30 minutes ago -
Pakistan retains position in FTSE secondary emerging market
27 minutes ago -
China's competitive car market at heart of global EV revolution
37 minutes ago -
China's Xiaomi enters car market with new electric vehicle
25 minutes ago -
Pak-Türkiye strategize to boost bilateral trade to $5 billion
3 hours ago -
Chief Representative of CFFEX in Pakistan and PSX Director meet Finance Minister
3 hours ago
-
Banks to open on March 30, 31 to facilitate tax collection
4 hours ago -
Stock markets rise before Easter break
4 hours ago -
NCA approves revised first quarter GDP estimates for 2023-24
4 hours ago -
26% increase on tobacco tax can reduce PKR 300bn in health cost
5 hours ago -
Minister expresses anguish over alleged use of poor-quality material
5 hours ago -
Commerce Minister initiates push for E-commerce growth with in-house briefing
6 hours ago