Russian Stocks Get Much-Needed Bump on Trump Win
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 19 2024
0mins
Source: Benzinga
Russian Stock Market Reaction: Russian stocks surged following Donald Trump's election win, with companies like Gazprom and Aeroflot seeing significant gains due to optimism about potential peace in Ukraine and improved US-Russia relations.
Economic Challenges in Russia: Despite the stock market rally, the Russian economy faces severe challenges, including high inflation and increased interest rates, which are straining businesses and leading to concerns about economic growth amidst ongoing military expenditures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
