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Strong like bull

Russian markets are rallying incredibly fast

Peace is in the air—or at least in the equity markets.

Russian stocks are on a tear amid expectations that tensions could start to ease with Ukraine. The benchmark Micex index is up for its 10th straight day, its longest winning stretch since 2005.

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Of course, Russia stocks were creamed earlier this year as tensions in Ukraine escalated. So even with the recent surge, they’re still slightly in the red for the year.

Matt Phillips

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