Economics
Russia Stocks Jump as Trump Win Stokes Bets for Sanctions Relief
- Micex advances most among emerging markets; ruble follows oil
- Government sells all 10 billion rubles offered in bond auction
Putin Seeks to Restore Russian Relations With the U.S.
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Russian assets escaped the worst of the turmoil in global markets, with stocks rallying the most among emerging peers, on speculation U.S. President-elect Donald Trump will mend ties with Moscow.
The Micex Index advanced 2.2 percent to 2,011.11 by 6:43 p.m. in Moscow, the biggest gain in the developing world, as most equity gauges declined after Trump pulled off an electoral upset by winning the race to the White House. The ruble was down 0.4 percent at 64.0 per dollar as Brent crude retreated.