Russian stocks have been so volatile amid the turmoil in Ukraine that it took a bull market to convince JPMorgan Chase & Co. that it’s time to buy.
Economic growth in Russia and Poland will slow in the coming quarters as euro-area banks cut lending to meet stricter capital requirements, Bank of America Corp. said.
Turkey’s stock index jumped the most in the world after the Federal Reserve refrained from stimulus cuts. Government bonds rose and the lira strengthened.
Israel’s benchmark bond climbed to the highest level in six months and stocks fell as investors sought the relative safety of government debt amid concern about global economic growth.
Dante Cinque had buyers lined up even before opening Ferrari’s first Polish showroom, taking over the Warsaw site formerly occupied by the Communist Party.
"Russia still provides better value than other emerging markets."
- David Hauner on Jun 18, 2014