Weak oil prices and a deteriorating relationship with the US have weighed on the Russian market for some time. Hopes of a rapprochement with the West in the wake of President Trump’s election have fizzled out. Russia has learned to live with the environment it finds itself in and earnings growth is starting to materialise. Falling inflation has highlighted excessive real interest rates, leaving scope for further cuts.
27 Sep 2017
Low valuations and rising yields
JPMorgan Emerging Europe Middle East & Africa Securities PLC Shs GBP (JEMA:LON) | 0 0 0.7% | Mkt Cap: 48.9m
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Low valuations and rising yields
JPMorgan Emerging Europe Middle East & Africa Securities PLC Shs GBP (JEMA:LON) | 0 0 0.7% | Mkt Cap: 48.9m
- Published:
27 Sep 2017 -
Author:
Ed Marten -
Pages:
11
Weak oil prices and a deteriorating relationship with the US have weighed on the Russian market for some time. Hopes of a rapprochement with the West in the wake of President Trump’s election have fizzled out. Russia has learned to live with the environment it finds itself in and earnings growth is starting to materialise. Falling inflation has highlighted excessive real interest rates, leaving scope for further cuts.