Saxo Group Videos

Jakobsen: Russia and Greece - a marriage the markets can ignore?

Chief Economist Steen Jakobsen analyses the pact between Russia and Greece. Putin is clearly using support of Greece as a means to annoy Germany; and therefore the EU. Greece needs all the friends it can get and a boost for trade and investment is being gratefully received.

Do macro developments like this move markets enough for investors to take action? If you have European equities or forex positions do you have to close positions? Steen takes us through his thoughts on the situation and explains why QE is providing a level of immunity for European investors while also reminding us that Russian stock markets still provide cheap, if not risky, opportunities.

02:56 minutes
Tags: ecb, ecb action, ecb balance sheet, ecb council, ecb draghi, ecb euro, ecb inflation target, ecb mandate, ecb meeting, ecb news, ecb policies, ecb policy, ecb qe, ecb rate, ecb rate cut, ecb rate decision, ecb rate decision interest rates, ecb rates, ecb rates decision, economic, economic data, economic growth, economics, economy, eu, eur, eur usd, eurgbp, eurjpy, euro, euro area, euro crisis, euro dollar, euro growth, euro rates, euro strength, euro yen, euro zone, eurocrisis, eurodebt, eurodollar, europa, europe, europe gdp, europe growth, europe recession, european, european banks, european central bank, european central bank rate, european central banks, european commission, european economy, european growth, european recovery, european union, eurozona, eurozone, eurozone crisis, eurozone economy, eurozone euro, eurozone inflation, eurozone recession, eurozone recovery, eurusd, gree, greece, greece bailout, greece collateral, greece crisis, greece debt, greece debt crisis, greece european union, greece germany, greece money, greek, greek bailout, greek banks, greek bonds, greek crisis, greek debt, greek economy, greek election, greek finance minister, greek finances, greek negotiations, greek prime minister, greek talks, greekdebt, green energy, green investments, green shoots of recovery, greenback, greexit, jakobsen, macro, macro economics, macro economy, macro event, macro events, macro policy, macro strategy, macro-economics, macroeconomic, macroeconomics, qe, qe 2015, reutersforex, rub, rusd, rusia, russ, russell, russell 2000, russia, russia bear, russia bonds, russia central bank, russia crisis, russia crude, russia default, russia economy, russia fundamentals, russia government, russia growth, russia investment, russia militray forex market, russia oil, russia politics, russia rates, russia risk, russia ruble, russia safe haven flows, russia sanctions, russia stocks, russia ukraine, russian, russian bear, russian bond yields, russian central bank, russian currency, russian economy, russian equities, russian federation, russian gas, russian government, russian outflows, russian politics, russian ruble, russian shares, russian stocks, russrub, steen jakobsen

Switch to