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Russian Shares to Extend Rally

Russian Shares to Extend RallyRussian Shares to Extend Rally

Russian shares are forecast to rise around 13% from now until the end of next year as the economy returns to growth and higher oil prices draw in investors, a Reuters poll showed. An easing of tight Russian monetary policy could also lift shares, but some analysts said higher US interest rates were a major risk. Poll respondents were divided on whether US president-elect Donald Trump would ease sanctions on Russia when he takes office next year. Russia’s dollar-denominated RTS share index up 40% this year and is expected to end 2016 around its current level after gains of roughly 10% since Trump won the US vote last month.

 

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