In the lead up to the US presidential election, polls show a tight race between Donald Trump and Kamala Harris in key battleground states, with Trump having a slight edge according to pollster Nate Silver. Financial markets are reflecting a potential Trump win, with higher odds for Trump in betting markets and a resurgence of the “Trump trade” in oil and cryptocurrency sectors. However, the impact of a Trump victory on markets remains uncertain, as other factors such as strong US growth and global events may play a larger role in shaping investment outcomes.
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Investors seek to profit from Russia as Trump pursues rapprochement
Investors are exploring ways to make sanctions-proof bets on Russian bonds and the rouble in anticipation of potential easing of sanctions by the US under President Trump's administration. Some are considering trading Russian assets that have been shunned by the west in hopes of a rally if sanctions are relaxed as part of a ceasefire deal in Ukraine. However, trading roubles directly is challenging due to sanctions and capital controls, leading to low trading volumes....
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