Russian Stocks Recover November Losses on Ukraine Talks Hopes, Oil Above $96

The Moscow Exchange Index stabilized above 2510 points, recovering November losses, driven by optimism over Ukraine settlement talks and rising Brent crude prices above $96.3 per barrel. The rally reflects market expectations of a potential de-escalation, though the outcome of negotiations remains uncertain. This development signals a risk-on shift in Russian assets, but the sustainability depends on concrete progress in talks and oil price dynamics.

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