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Lower Russian interest rates
Carnegie Rysslandsfond

Lower Russian interest rates

While Western central banks are shifting towards higher interest rates, the Central Bank of Russia has now begun to cut its benchmark rate. S&P has upped its outlook for Russia,...

Fredrik Colliander 4 April 2017
Strong reports from Russian financial sector
Carnegie Rysslandsfond

Strong reports from Russian financial sector

Sberbank and Moscow Exchange presented fine Q4 numbers in February. The Carnegie Rysslandsfond fund fell 0.1 percent and is up 50 percent in one year. Oil prices remained largely unchanged,...

Fredrik Colliander 6 March 2017
Stable oil prices calm the market
Carnegie Rysslandsfond

Stable oil prices calm the market

After the rally in 2016 the Moscow Stock Exchange began the new year a little calmer. Carnegie Rysslandsfond fell 0.38 percent. The Russian market gains of late 2016 appear to have...

Fredrik Colliander 3 February 2017
Why the Russian risk premium is falling
Carnegie Rysslandsfond

Why the Russian risk premium is falling

Oil prices have recovered and Trump is expected to benefit Russia, which has led to a rally on the Moscow stock exchange. But OPEC’s oil production agreement could very well...

Fredrik Colliander 31 January 2017
Strong finale on Russian stock market
Carnegie Rysslandsfond

Strong finale on Russian stock market

The Russian market was very strong at the end of the year, driven mainly by oil price rises on OPEC’s agreement to cut production. Hopes of improved relations with the...

Fredrik Colliander 3 January 2017
Russia benefits from Trump
Carnegie Rysslandsfond

Russia benefits from Trump

Russia is one of the markets that have so far benefited most from Trump’s victory. His plans for infrastructure investment in the US have caused commodity prices to rise, which...

Fredrik Colliander 5 December 2016
Signs the economy has bottomed out
Carnegie Rysslandsfond

Signs the economy has bottomed out

OPEC’s agreement to try to limit production stabilised oil prices in October, which benefitted the Russian market. The market was largely unchanged in USD, but rose in SEK and RUB...

Fredrik Colliander 4 November 2016
Privatisation will increase revenues
Carnegie Rysslandsfond

Privatisation will increase revenues

The Russian stock market performed well in September. Russia’s gains of 4.5 percent in US dollars are much better than, for example, Europe and the United States, which were broadly...

Fredrik Colliander 2 October 2016
All-time high
Carnegie Rysslandsfond

All-time high

Oil prices rose sharply during the month. The Russian market also gained, but not at nearly the same pace. From a historical perspective the market is now quite expensive, which...

Fredrik Colliander 5 September 2016
Surprise Russian privatisation
Carnegie Rysslandsfond

Surprise Russian privatisation

Oil prices have fallen sharply this summer but the Russian equity market has held up surprisingly well and Carnegie Rysslandsfond rose 3.7 percent in July. Oil prices fell 17 percent...

Fredrik Colliander 3 August 2016
Sberbank surprised the market
Carnegie Rysslandsfond

Sberbank surprised the market

The Brexit vote made global stock markets very volatile. International investors reduced their high-risk holdings including, of course, Russian stocks. Despite the concerns, the Russian market resisted the turbulence well...

Fredrik Colliander 4 July 2016