INSUBCONTINENT EXCLUSIVE:
election results were still coming in, Russia's ruble-based benchmark Moscow Stock Exchange (MOEX) index rose 3% in the morning amid
were among the companies whose shares rose on the announcement of Trump's victory on Nov
again in the summer of 2024 as the Central Bank continued to tighten monetary policy by raising the key interest rate.Stock markets usually
fall when the key interest rate is raised
This is because the higher key rate may depress consumer demand and make it costlier for firms to borrow, hurting profits
At the same time, a high key interest rate makes it more profitable for investors to lend money to the government.Russian analysts doubt the
and Russia might actually change, given the ongoing Ukraine-Russia war and the continuing attempts by the U.S
and the EU to limit Russia's energy revenues.While Trump's potential conciliatory moves on Ukraine are hard to read, it is likely that his
less connected to the global system, so the positive sentiment about Trump's victory in U.S
highs on the back of the Fed's reversal of its interest rate path, while the Moscow Exchange Index is at annual lows on the back of the
Central Bank's tight policy,"Zeltser added.The business community is also lukewarm about the chances of Trump's second term changing things
