Russian Stocks Surge 8.3% After Trump-Putin Call on Ukraine

Following a phone call between U.S. President Donald Trump and Russian President Vladimir Putin, Russia's stock market experienced a significant surge, with the MOEX Russia Index gaining over 8% in early trading. This uptick reflects heightened investor confidence amid hopes for renewed dialogue and a potential peaceful resolution to the ongoing conflict in Ukraine. The ruble also strengthened against the dollar and euro, marking its first reevaluation since July 2024. Major Russian companies such as Gazprom and Aeroflot saw their shares rise dramatically, contributing to a market capitalization increase of 0.5 trillion rubles. Investors are optimistic that the discussions could lead to a de-escalation of geopolitical tensions, allowing for the restoration of international transactions. Trump's hints at continued U.S. aid to Ukraine with conditions may also play a role in shaping future negotiations and market responses.