The rally in central and eastern Europe’s equity markets will continue this year if the oil price remains above $70 a barrel, say analysts at UniCredit. Relatively cheap valuations too should continue to attract investors.
The MSCI EME Index is up 51% in the year to date and a stunning 98% since March 2, when it reached its low for the year. Turkey and Hungary, together with the Czech Republic, have led the turnaround, with financials the best-performing sector, although these markets might be running out of steam.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
