Video

Playlist

Show less
40:24
The FX Update - Beware the Fed: Hardy
John J Hardy
Yesterday at 7:44 GMT
1:34
EURUSD is sliding: Collins
AlanCollins
Yesterday at 6:47 GMT
1:33
Central banks are out of ammo: Jakobsen
Steen Jakobsen
Tuesday at 9:02 GMT
0:51
Copper in bear market trend: Van-Petersen
Kay Van-Petersen
Tuesday at 8:36 GMT
1:38
Silver set for downside: O'Hare
Steve O'Hare - First 4 Trading
Tuesday at 6:30 GMT
1:30
Why I’m watching Tesla: Garnry
Peter Garnry
Monday at 14:10 GMT
1:20
USD continues to strengthen: Van-Petersen
Kay Van-Petersen
Monday at 12:35 GMT
0:58
Look for US PMI this week: Van-Petersen
Kay Van-Petersen
Monday at 10:13 GMT
2:44
What’s happening with USDJPY: Hardy
John J Hardy
Monday at 9:03 GMT
2:26
USDJPY may be set for slide: Coleman
Ian Coleman - First 4 Trading
Monday at 8:34 GMT
0:58
Why I’m long Samsung: Garnry
Peter Garnry
Friday at 12:38 GMT
1:13
Why I’m trading cable: Lambert
Clive Lambert - FuturesTechs
Friday at 6:38 GMT
1:50
Why now may be the time to buy gold: Hansen
Ole Hansen
19 May 2016 at 9:35 GMT
Video / 15 April 2014 at 12:38 GMT

Garnry: Why I'm bullish about the Russian bear

Angus Walker

The Russian economy in crisis: credit crunch, capital flight and tougher sanctions on the cards. Can you still be positive about Russia? Saxo Bank’s Head of Equity Strategy, Peter Garnry, was in Russia a few days ago and says he didn’t sense impending collapse. “Our forecast for now is for positive growth in Russia with the current data at hand, between zero and one percent.” That’s despite some commentators predicting four percent contraction in the Russian economy.

Russian’s private companies have almost been entirely shut out of the global capital markets. Meanwhile, capital flight is now around $65 billion so far this year. Even so Peter believes that if you invest in emerging markets there will be a long term positive return, he still insists Russian stocks still offer investment opportunities.    

With EU ministers considering tougher sanctions and with Europe’s reliance on gas one of Moscow’s main bargaining chips, investment is risky and will remain so for the foreseeable future.     

 

.      

 

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Show latest activity
Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail