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Russia: Will The Bear Come In From The Cold?

Published 12/11/2016, 04:47 AM
Updated 07/09/2023, 06:31 AM
  • In 2015/16 the Russian economy suffered in the sharpest recession since 2008/09
  • The RTSI Stock Index, anticipating a recovery, is up 78% from its January lows
  • Russian government bonds traded at 8% in August down from 16% in December 2014
  • The Ruble has stabilised after the devaluation of 2014/2015 and inflation is still falling
  • Since January many emerging equity and bond markets have staged a spectacular recovery. Russia has been among the winners, buoyed by hopes of an end to international sanctions and a, relative, rapprochement with the new US administration. A near-virtuous circle is achieved when combined with the country’s strengthening trade relationship with China and the rising oil price, stemming from the first OPEC production agreement in eight years.

    Looking at the RTSI Index, a lot of this favourable news is already in the price:-

    To read the entire report Please click on the pdf File Below..

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