Russian stocks and ruble strengthen amid Ukraine peace talks

newsweek.com

Russian stocks and the ruble have gained strength amid renewed optimism for peace talks between Moscow and Washington regarding Ukraine. The Moscow Exchange (MOEX) index rose 1.71 percent, while the ruble reached its highest value against the dollar in seven months. Since December 17, the MOEX has increased by over 800 points, contrasting with a decline in the New York Stock Exchange. The dollar-denominated RTS index also climbed 1.71 percent, reflecting positive market sentiment ahead of a planned conversation between U.S. President Donald Trump and President Vladimir Putin. Investor interest in Russian assets has surged as speculation grows that U.S. sanctions may be eased. Hedge funds are exploring opportunities in Russian corporate bonds, despite ongoing restrictions on sovereign debt trading.


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