JP Morgan Raises Russia’s Rating

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Rusvesna

Investment Bank JP Morgan raised its rating for Russia’s stock market from “below the market” to “neutral” level.

According to analysts, all the negativity is already accounted for in the current stock shares of Russian companies. However now there are several potential catalysts for growth in the Russian stock market, according to a report by JPMorgan.

First, the latest steps of the Central Bank of Russia to meet the demand for dollars in the domestic market can support the ruble, second, the reduced tension around Ukraine, and, third, oil prices are stabilizing, Interfax reports.

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