SaxoTV

Jakobsen: Don't be afraid of the Russian bear

732 views
March 16, 2015 brent, brent crude, brent geo-political, brent oil, brent price, brent spread, brent wti, brent wti spread, commodities, commodities markets, commodities prices, commodities supply, commodity, commodity index, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, commoditymarket, equities, equities trading, equity, equity index, equity market, equity markets, equity portfolio, equity portfolios, equity strategy, equity trading, fx, fx markets, fx strategy, fx trading, investment, nikkel, oil, oil and gas, oil commodities, oil demand, oil industry, oil market, oil markets, oil news, oil outlook, oil price, oil prices, oil production, oil spread, oil stocks, oil supplies, oil supply, oil trading, platinum, putin, rub, ruble, russia, russia bonds, russia crisis, russia crude, russia economy, russia investment, russia oil, russia rates, russia ruble, russia sanctions, russia stocks, russian, russian central bank, russian currency, russian economy, russian equities, russian government, russian politics, russian ruble, russian shares, saxo bank, saxo tv, trading, tradingfloor.com, vladimir putin, wheat, wheat bushels, wheat price, wheat prices, wheat production
After days of silence, Russian President Vladimir Putin finally appeared in public this Monday. As he joked about his mysterious disappearance, the country's struggling economy is still no laughing matter. 

But Saxo's Steen Jakobsen says the Bear shouldn't be ignored by investors. For one thing it has the cheapest equity markets in the world.

Jakobsen says investors need to be cautious particularly over Russian state government bonds. He says there is strong geopolitical risk associated with every asset. But as a large producer of minerals and crops, he says that in the long term the country has lots to look forward to. "It will change for the better," he predicts.