© Maxim Shemeto / Reuters
RT: Russian stock market outperforms global peers surging 40% this year
Despite Western sanctions and depressed oil prices the Russian stock market has been the best performer this year, with analysts expecting further gains.
Rising sharply by 10 percent after Donald Trump’s presidential victory last month, the dollar-denominated RTS index is up 40 percent since January 1.
The ruble-denominated MICEX hit an all-time high, up 23 percent year-to-date.
“Investors still prefer Russia over other emerging markets, which have been under pressure since Trump won,” said Danske Bank trading desk strategist Vladimir Miklashevsky as quoted by Reuters.
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WNU Editor: For those who enjoy saying how much the Russian economy has tanked .... remind them that the Russian stock market has been booming for the past few months. Stock markets always predict the future (not the current situation) .... and everyone is optimistic right now in Russia. They are predicting the end of sanctions .... and better prices for oil. What's my take .... President-elect Donald Trump's promises on better relations with Russia has had a huge impact .... and people are betting heavy on that commitment.
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