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Investors ignoring geopolitical risks to target undervalued Russian equities: analysts


3 Min Read
MOSCOW (Reuters) - Russian companies are cashing in on a global equity boom, leveraging growth potential and low valuations as investors largely ignore geopolitical risks and the risk of further sanctions on Moscow, analysts and bankers said.
FILE PHOTO: A woman picks up an order at the pick-up point of the Ozon online retailer in Moscow, Russia March 16, 2020. REUTERS/Evgenia Novozhenina
Russian gold miner GV Gold on Monday became the latest local company to announce plans for an initial public offering (IPO), following e-commerce firm Ozon’s Nasdaq listing in November and retailer Fix Price’s in London in March, when M.Video also made a secondary public offering (SPO). ....

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German consumer morale improves more than expected heading into March: GfK


By Reuters Staff
3 Min Read
BERLIN (Reuters) - German consumer morale brightened more than expected heading into March as shoppers in Europe’s largest economy became more upbeat that a lockdown to contain the COVID-19 pandemic could be eased soon, a survey showed on Thursday.
FILE PHOTO: Customers at the Edeka grocery store buy pasta, as the spread of coronavirus disease (COVID-19) continues in Duesseldorf, Germany, April 29, 2020. REUTERS/Wolfgang Rattay/File Photo
The GfK research institute said its consumer sentiment index, based on a survey of around 2,000 Germans, improved to -12.9 points from a revised -15.5 in February.
The reading marked the first monthly increase since October and beat a Reuters forecast for -14.3. ....

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