Russian assets might cheer further thaw of chilled relations

Russia might cooperate with US and France in its attacks in Syria, which can be seen as a major step in improved relations. Ease in relations could also lead to ease of sanctions over Russia, if not it might at least prevent imposing further sanctions.

Until Militants' attack over Paris, US and Russia have been at loggerheads over future of Syrian President Bashar-Al-Assad, who is a major ally of Russia in Middle East. Russia, since September has been air raiding as well as hitting with cruise missiles, targets, that include both rebel position (anti Assad), as well as Islamic State.

Russian benchmark stock index, MICEX rose around 4.5% since closing in last Friday. Russian Dollar denominated RTS stock index, rose by 4.7% yesterday, its biggest rally in more than a month.

Yields are also down, including cost to insure against default by Russia.

Russian Rouble is currently trading at 64.8, up 0.45% against Dollar so far today.