• Home
  • Money
  • Positive Reaction to Trump from Russian Market
Money

Positive Reaction to Trump from Russian Market

November 6, 20241 Mins Read

The Russian markets reacted positively to Trump leading the race in the US presidential elections. The Moscow Exchange rose by 2.65% to 2,685 points. With Republican candidate Donald Trump leading against Democratic candidate Kamala Harris in the US presidential elections, the Moscow Exchange (MOEX) opened higher. The MOEX gained 2.65% to reach 2,685 points, while the dollar-based RTS index also rose by 2.66% to 863 points. After dropping to 96 levels, the dollar/ruble exchange rate climbed back above 98 levels. Shares of leading Russian companies like Sberbank increased by 3%, Gazprom by 5.7%, Rosneft by 2.3%, and VTB by 2%. Analysts suggest that the strengthening possibility of Trump being elected as US president, who claims to want to end the Russia-Ukraine War, has had a positive impact on the Russian markets.

Comments are closed

Related News