Erste Asset Management

3 results for "Monthly archive:February 27, 2015"

Monthly archive:February 27, 2015

What has become of the “oil x 20” rule?
What has become of the “oil x 20” rule?
Foto: iStock.com

What has become of the “oil x 20” rule?

The oil and gas sector is the backbone of the Russian economy. It contributes roughly a quarter to the Russian GDP, and it accounts for almost two thirds of exports. Oil and gas companies represent almost 60% of the market capitalisation of the Moscow stock exchange. It therefore makes sense to analyse the performance of […]

Light and shadow
Light and shadow
© iStock.com

Light and shadow

The environment has become a bit brighter in the past weeks. In addition to the improvement of the economic environment in the Eurozone and Japan, more and more central banks loosened their monetary policies. For example, on 12 February the central bank of Sweden (Riksbank) surprisingly cut its key-lending rate to -0.1% and announced to […]