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Ukraine crisis has meant MICEX is on fire, but not for long

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The Ukraine crisis continues to push down on the Micex, despite the rally since March, there’s still plenty of uncertainty feeding into the markets, but are we close to the end of the conflict?

The Micex fell more than two percent despite a seventeen percent rally since significant falls in March. The Ruble also fell as the new Ukrainian President Petro Poroshenko appears to be taking a much harder line and launching military operations against pro-Russia militias.

Saxo Private Bank Chief Investment Officer Teis Knutsen argues that we appear to be close to a conclusion of the conflict, if and it’s a big IF, Russia chooses not to provide support to the pro-Moscow militias.