Cheap East Europe Stocks Soar on Trump’s Ukraine Peace Ambitions
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Eastern Europe’s stock markets are among the world’s best performers this month, benefiting from optimism that the nearly three-year war in Ukraine could be resolved as Donald Trump pushes for peace talks.
The new US president’s ambition to deliver peace in Russia’s war in Ukraine has boosted bets that geopolitical risks weighing down east European asset prices could fade quickly if the war is resolved. Tailwinds also include low valuations and an improved economic outlook, as Trump has so far refrained from slapping tariffs on European imports.