Eastern European stock markets are booming, but hardly anyone is there!
One third of the world’s top performers come from Eastern Europe. The Eastern European stock markets are booming, but hardly any German-speaking investors are there because the Eastern European stock markets are still treated very stepmotherly by the media and bank advisors hardly know anything about Eastern Europe. Instead, Chinese shares such as Alibaba and Tencent are recommended, which are plummeting. Yet there are good reasons why one should continue to include shares from Eastern Europe in one’s portfolio.
ESTV 189 – The Eastern European stock markets are booming, but hardly anyone is there.
Geopolitics, commodity prices, central banks – this is how the stock markets in Eastern Europe are doing
ESTV 188 – The ruble is rolling again – but for how much longer?
The ruble is rolling again – but for how much longer?
The Brent oil price rose to a new high for the year of over 77 US dollars/barrel (now at 73 US dollars/barrel) on 6 July, after there has been no agreement yet at OPEC on future production levels. The Moscow stock exchange, which is dominated by the big oil and gas companies, has profited from the high oil price in particular. As a result, however, Russia’s current account, trade and budget surpluses are now also higher. The RDX index rose to a new high for the year of 1843 index points on 6 July, an increase of 28 percent since the beginning of the year.
Biden versus Putin – and the winner is…?
On 16 June, US President Joe Biden and Russian President Vladimir Putin met for the first time on neutral ground in Geneva. The talks were eagerly awaited and were also urgently needed, because the relationship between the USA and Russia – after all, two highly upgraded nuclear superpowers – has never been as bad as it is now in the post-war period. Even before the talks, Biden had pointed out “red lines” that must not be crossed, such as a military intervention by Russia in Ukraine or the death of the opposition lawyer Nawalny in Russian prison.