Close Menu
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
Home»Finance»Another place where Russia is winning since the US election: Its stock market
Finance

Another place where Russia is winning since the US election: Its stock market

DeepBy DeepDecember 18, 2016No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Since Election Day, stocks have been roaring in — Russia.

Russian stocks are up 16 percent since Nov. 8, based on the performance of the RSX Van Eck Vectors Russia ETF, while the other emerging markets are down 6 percent collectively, as measured by the iShares MSCI Emerging Markets ETF EEM.

ADVERTISING
inRead invented by Teads

Oil’s rise above $50 has helped Russia, which depends on its energy industry to remain solvent. President-elect Donald Trump is also expected to push for better relations with Moscow, which U.S. intelligence agencies say hacked into the Democratic National Committee’s emails in an effort to throw the election toward Trump. Russian President Vladimir Putin denies it.

Brent crude is up 19 percent since Election Day and was trading at just under $55 per barrel Friday.

“They’re obviously getting benefits both from the sense that the tensions with the West are going to go down and that they’re going to have more access to markets, plus the fact that oil has gone up,” said Bruce Kasman, chief global economist at JPMorgan.

“It’s a double positive for them,” he said, adding that an agreement to curtail oil output that OPEC reached this month with Russia and some other nonmember states should push crude prices higher.

Sen. Johnson: US needs to stop Russia from trying to destablize Western democracies

Sen. Johnson: US needs to stop Russia from trying to destablize Western democracies  Friday, 16 Dec 2016 | 8:31 AM ET | 02:19

The Moscow Exchange, MICEX-RTS, is up 12 percent since the election, as measured in rubles. The S&P 500 is up 5.9 percent over that time frame, and U.S. small-caps are up about 14 percent.

Russia’s economy is recovering, and oil prices should help.

“We’re forecasting 1 to 2 percent growth. I wouldn’t call that anything to get excited about, especially after they had a deep recession and now they have a modest growth path,” Kasman said.

Paul Christopher, head global market strategist at Wells Fargo Investment Institute, said oil is a factor in Russia’s stock market rally, but so is Trump.

“In general, it’s an expectation that Trump will be friendlier to Putin and his leadership than (President Barack) Obama has been,” said Christopher.

Christopher said he doesn’t expect sanctions on Russia to be lifted. “There could be new sanctions as a result of this hacking case,” he said.

source”cnbc”

Another Bob Doll: I don't see a bear market Election is its place Russia since stock the US where winning
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Deep

Related Posts

Financial Audits and Payment Compliance: The Role of TPS

June 2, 2025

Using AI-powered Enterprise Interfaces to Optimize Operational Efficiency

May 20, 2025

Strategies for Greater Financial Flexibility: 5 Smart Ways to Repay Your Home Loan Faster

May 6, 2025
Recent Post
  • Financial Audits and Payment Compliance: The Role of TPS
  • Social Media and Relationships
  • Online Counselling for Individuals and Couples
  • The Best Time to Post on Threads in 2025 — Data from 700K+ Posts
  • Using AI-powered Enterprise Interfaces to Optimize Operational Efficiency
  • How to Grow Your Brand with Micro Influencer Marketing
  • What Are the 8 Different Types of Video Game Articles?
  • Strategies for Greater Financial Flexibility: 5 Smart Ways to Repay Your Home Loan Faster
Search
  • Home
  • Privacy Policy
  • Contact Us !
© 2025 BlogSpotTips. Designed by BlogSpotTips.

Type above and press Enter to search. Press Esc to cancel.