Russian stocks rally amid anticipated Trump win
Russian stocks have surged following reports suggesting Donald Trump is likely to be reelected, according to market data. Read Full Article at RT.com.
TroibNews 
The Russian stock market has experienced a surge in response to reports suggesting Donald Trump's likely victory in the US presidential election. The Republican candidate has already claimed victory after securing important wins in key battleground states against Democrat Kamala Harris.
Since the preliminary US election results began to emerge, shares in major Russian companies have risen. The state energy giant Gazprom saw its stock rise by 5% during morning trading, while Lukoil's shares increased by 2.8%. Additionally, shares in oil major Rosneft went up by 3%, and Tatneft experienced a 4.6% increase. The mining giant Norilsk Nickel's shares rose by 3.6%, with aluminum producer Rusal seeing a 3.4% jump. Sber, the country’s largest lender, gained 3.6%, and diamond company Alrosa's stock surged by 5.3%. Furthermore, Russia’s national airline, Aeroflot, saw an impressive 5.9% spike in its stock.
Yandex, the country's leading tech company often referred to as ‘Russia’s Google,’ saw its stock increase by 2.8%, while major retailers MVideo and Ozon recorded stock surges of over 6%.
As of 09:00 GMT, the ruble-denominated Moscow Exchange index was up 3.4%, and the dollar-denominated RTS index also saw a rise of 3.3%.
Analysts briefed by RBK indicated that investors were optimistic that a Trump victory would improve the geopolitical climate for Russia, given his repeated pledges to resolve the Ukraine conflict and reduce tensions internationally.
“For domestic market participants, the possible change of power in the US is associated with timid hopes for a change in rhetoric and approaches,” predicted Mikhail Zeltser, an expert at BCS World of Investments.
“It is believed that Donald Trump’s victory in [the presidential election] is the lesser evil for Russia, and in such a scenario, our stock market could grow significantly,” noted Aleksey Antonov, head of Investment Consulting at Alor Broker. Some analysts expect that Trump's potential victory will drive growth in stock prices for companies most affected by Ukraine-related Western sanctions, including Gazprom, Aeroflot, and specific exporters.
However, other experts cautioned that Trump’s apparent victory might introduce new risks for Russia, particularly regarding its strategy of moving away from the US dollar in trade, a policy that the Republican has criticized. Concerns were also raised that Trump’s protectionist stance could lead to new trade conflicts, affecting major international partners like China.
The final US election results are still pending as ballot counting continues. Trump delivered his victory speech in Florida while he was still three electoral votes away from the 270 needed to secure the presidency.
For more stories on economy & finance, visit RT's business section.
Frederick R Cook for TROIB News
Since the preliminary US election results began to emerge, shares in major Russian companies have risen. The state energy giant Gazprom saw its stock rise by 5% during morning trading, while Lukoil's shares increased by 2.8%. Additionally, shares in oil major Rosneft went up by 3%, and Tatneft experienced a 4.6% increase. The mining giant Norilsk Nickel's shares rose by 3.6%, with aluminum producer Rusal seeing a 3.4% jump. Sber, the country’s largest lender, gained 3.6%, and diamond company Alrosa's stock surged by 5.3%. Furthermore, Russia’s national airline, Aeroflot, saw an impressive 5.9% spike in its stock.
Yandex, the country's leading tech company often referred to as ‘Russia’s Google,’ saw its stock increase by 2.8%, while major retailers MVideo and Ozon recorded stock surges of over 6%.
As of 09:00 GMT, the ruble-denominated Moscow Exchange index was up 3.4%, and the dollar-denominated RTS index also saw a rise of 3.3%.
Analysts briefed by RBK indicated that investors were optimistic that a Trump victory would improve the geopolitical climate for Russia, given his repeated pledges to resolve the Ukraine conflict and reduce tensions internationally.
“For domestic market participants, the possible change of power in the US is associated with timid hopes for a change in rhetoric and approaches,” predicted Mikhail Zeltser, an expert at BCS World of Investments.
“It is believed that Donald Trump’s victory in [the presidential election] is the lesser evil for Russia, and in such a scenario, our stock market could grow significantly,” noted Aleksey Antonov, head of Investment Consulting at Alor Broker. Some analysts expect that Trump's potential victory will drive growth in stock prices for companies most affected by Ukraine-related Western sanctions, including Gazprom, Aeroflot, and specific exporters.
However, other experts cautioned that Trump’s apparent victory might introduce new risks for Russia, particularly regarding its strategy of moving away from the US dollar in trade, a policy that the Republican has criticized. Concerns were also raised that Trump’s protectionist stance could lead to new trade conflicts, affecting major international partners like China.
The final US election results are still pending as ballot counting continues. Trump delivered his victory speech in Florida while he was still three electoral votes away from the 270 needed to secure the presidency.
For more stories on economy & finance, visit RT's business section.
Frederick R Cook for TROIB News
