The third quarter of the year was very volatile for Russian markets. The two-week growth was broken and markets experienced a fall of 13% after US lawmakers proposed “the sanctions bill from hell” in reprisal for alleged Russian meddling in US elections....
At the beginning of the second quarter of the year, the Russian’s stock and money markets demonstrated an extremely negative reaction to the new sanctions imposed by the US Ministry of Finance against natural persons and companies. It took only a few days in order to...
The first quarter of the year was generally favourable to Russian market supported by high and stable oil prices which ranged from US $ 60 to US $ 65 per barrel. However, the market growth continued only for two months and after that, in March, the market experienced...
Despite continued economic sanctions towards Russia, the results for the 4th quarter were strong and the year came in at close to +10%. We saw strong industry numbers during the quarter with a reading of 52 (above 50 is positive) and reserves at over $432 bn. After...
Russian Federation First Mercantile Fund gained +18.7% in the 3rd Quarter of 2017 Despite all existing challenges, the Russian economy is recovering after two years of recession. The effective policy of Russian authority, higher oil prices, easier financial conditions...
The Russian Federation First Mercantile Fund lost 10.9% in the 2nd Quarter of 2017 After significant performance in 2016 the Russian market experienced a correction in the first half of the year due to geopolitical instability, falling oil prices and a possibility of...
