Russia's Stock Market Reacts Positively to Upcoming Trump-Putin Summit

In a significant market movement, Russia's MOEX Index experienced a notable 4.5% increase on Thursday, reaching its peak since mid-May. This surge is closely tied to the Kremlin's confirmation of an impending meeting between U.S. President Donald Trump and Russian President Vladimir Putin.

Details of the High-Stakes Meeting

The meeting, set to take place in the coming days at an undisclosed location, is expected to cover critical issues such as the ongoing conflict in Ukraine and the potential for a ceasefire. The anticipation of this discussion has evidently had a positive impact on Russia's financial markets.

Market Reaction: At 10:24 am CET, the MOEX Russia Index was up by 4.51%, reflecting investor optimism surrounding the diplomatic engagement.