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"Chocolate king" Petro Poroshenko set to become Ukraine President

May 26, 2014 4:25 AM ETGUR, RSX, ESR, RBL, ERUS, RSXJ, RUSL, RUSS, RUDRBy: Yigal Grayeff, SA News Editor2 Comments
  • Petro Poroshenko is on course to become the President of Ukraine following yesterday's election, with the billionaire confectionary magnate receiving well over 50% of votes counted so far.
  • Vladimir Putin has pledged to work with the winner of the ballot, although there was no immediate reaction from Russia to the expected result.
  • Pro-Russian separatists in Luhansk and Donetsk prevented voting from taking place in many areas, while one person was killed as the violence continued.
  • Poroshenko's victory is "strongly" positive for Russian and Ukrainian bond markets, says Danke Bank strategist Vladimir Miklashevsky.
  • Russia's Micex stock index is +0.9% and the USD-RUB is flat at 34.126 rubles, while 10-year bond yields are flat at 8.62%.
  • Ukraine's PFTS stock index is +1.5%, the USD-UAH is flat at 11.3985 hryvnia, and 2-year bond yields are flat at 19%.
  • More on Ukraine
  • ETFs: RSX, RUSL, RSXJ, ERUS, RUSS, RBL, GUR, ESR, RUDR

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