Moscow: Moscow stocks ticked up today on news of Donald Trump's victory in the US presidential election, running counter to falls in global financial markets, amid hope that Mr Trump would mend relations with Moscow.
Russia's dollar-denominated RTS index gained 1.2 per cent at 0900 GMT (2:30 p.m. in India), while the ruble-denominated Micex went up 1.0 per cent.
Some analysts said that Russia's economy is likely to benefit from Mr 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.
"Any assumption for a quick dilution of sanctions or an early summit between Trump and Putin (Russian President Vladimir Putin) is unrealistic," wrote Chris Weafer, senior partner in Macro-Advisory consultancy.
Russia's dollar-denominated RTS index gained 1.2 per cent at 0900 GMT (2:30 p.m. in India), while the ruble-denominated Micex went up 1.0 per cent.
Some analysts said that Russia's economy is likely to benefit from Mr 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.
"Any assumption for a quick dilution of sanctions or an early summit between Trump and Putin (Russian President Vladimir Putin) is unrealistic," wrote Chris Weafer, senior partner in Macro-Advisory consultancy.
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