FLRU News and Press, Franklin FTSE Russia From 04/08/21

Global PMI highest since August 2014. Manufacturing reports robust expansion despite supply delays, services boosted by easing of COVID-19 restrictions. Consumer services show signs of steadying after steep downturn. US leads upturn, Brazil lags. For further details see:...

Rising oil prices, positive statistics on COVID-19, and expected post-crisis recovery across EM often serve as an explanation for the increased attention of traders to the ruble this year. However, compared to other emerging economies, Russia is less likely to recover quickly after th...

Global manufacturing PMI buoyed by further strong gains in production. Robust growth seen in the US, Eurozone, India and Brazil despite supply chain delays close to record high. Expansion limited by further slowdown in China, in turn linked to shipping and logistics problems. ...

Russia said it would be ready to sever ties with the European Union if the bloc of 27 countries imposes painful economic sanctions, a statement that Germany called "disconcerting and incomprehensible."Relations between Russia and the West have come under increased pressure over the arrest and...

Emerging Asian equities outpaced broader EMs in January. East Asian markets were largely buoyant. In many EMs, a central new reality is the rise of domestic demand as a driver of growth. Often overlooked, we believe that the frontier markets (FMs) asset class continues to exhibit ...

Things aren’t getting better globally in terms of controlling the virus. Recent economic data has shown signs of the damage being wrought by the rise in COVID-19 infections. I expect markets to continue to move in expectations of a robust recovery later in 2021 when vaccine...

Global business cycles are closely interconnected. Global business cycles are closely synchronized. Global equity markets respond accordingly. For further details see: Investing In Foreign Markets Sounds Exciting - But Isn't Always

The declining trend in eurozone fragmentation risk is meeting resistance. The ECB signals that it will become the first global central bank to adopt "Sustainable Easing" into its monetary policy framework. ECB defined "Sustainable Easing" conflates Global Warming with emergency CO...

This week, there was a flurry of activity, with the US , England , Japan , Brazil , and Russia all maintaining low-rate policies. All banks noted that growth was COVID-dependent. The Federal Reserve: "The path of the economy will depend significantly on the course of the virus." Th...

By Erik Norland At a Glance Low inflation and a stable currency may allow for further rate cuts in Russia. Russia's yield curve might offer clues to the country's recovery. The global economy has been hard hit by coronavirus lockdowns, and Russia is no exception. The Internationa...