Markets Respond Positively To Putins Poll Numbers
On the face of it, it looks like investors believe the risks associated with Russia’s wave of protests have already had their day. Russia’s stock indexes have surged this year with the dollar-denominated RTS up 20 per cent and the rouble-based Micex up 11 per cent year to date. Both have recovered the steep 11 per cent losses they saw in December when unprecedented demonstrations spooked investors. Of course, the general recovery in global sentiment has helped – but it does seem that investors have stopped worrying so much about Russian political risk.