Most markets enjoyed a good run last week, despite some intra-period uncertainty. The S&P 500 gained 1.4%, the Eurostoxx 50 2.3% and even Russia picked up well, rising 5.3% against some heavy selling the week before.
It’s dangerous to pluck a set of price moves out of the air though, the week was not without its fun: Continue reading
Markets took quite a beating last week, variously on disappointing Chinese data and concerns that Russia will go ahead and annex Crimea, after the latter held a referendum that falls short of a fair and open vote.
The Chinese slowdown has been a key macro risk for this year. It remains front and centre, and yet the data released so far, although missing expectations, certainly doesn’t imply that China is on a significant slowdown. The Chinese financial sector appears to be Continue reading
Check out my latest op-ed on The Moscow Times website, offering a perspective on what to do with your Russian exposure. Written primarily for Russia residents, but globally relevant.
Also, contact me directly for a detailed private analysis of the situation.
Some of my favourite commentators are insisting that there is nothing the EU can do about Russia’s activities in Ukraine, because it is so dependent on gas. I would argue that this is not the case. I would also suggest that irresponsible actions by the EU have antagonized the situation to it’s current critical impasse.
First, what can Europe do? Continue reading