Category: Eastern Europe

Polish Stocks Take Global Lead

Polish Stocks Take Global Lead

Warsaw-traded shares are raising a few eyebrows among cross-border investors. In the year-to-date period, Polish equities have delivered gains in excess of 12% in US dollar terms. One reason is that allocators are more comfortable with the Law and Justice Party, despite the political cloud that has lingered since  More ►

Hungary Defies European Malaise

Hungary Defies European Malaise

Budapest-traded stocks surprised many in 2016. Based on data from MSCI, the broad equity market delivered a stunning dollar-based return of 32%. Investors are drawn to Hungary because of its vibrant export backbone, despite uncertain growth in core European economies. About 90% of GDP can be attributed to exports, which are  More ►

Croatian Stocks Take Flight

Croatian Stocks Take Flight

Long-troubled Croatia has finally begun to see a spat of good economic news. The economy was mired in recession between 2008-2014, but the nation is now emerging from that downturn with unexpected vigor. The government estimates that real GDP growth will reach 3.2% in 2017. A key reason is momentum in the tourism sector;  More ►

Russian Rally Is Precarious

Russian Rally Is Precarious

Despite sanctions tied to the annexation of Crimea, Russian equities are relatively buoyant. The broad-based MSCI equity index for Russia is up 23% in dollar terms so far this year. That qualifies the stock market as among the best performing worldwide. Yet there is no apparent reason to buy the story. Inflation has led to  More ►