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.
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