Ukraine has chosen a new President, Europe has voted for anti-EU parties, Egypt heads to the polls and India's new President has sworned in. After Poroshenko's victory in Ukraine, Russian assets have gained ground. But ING's Investment Manager Valentijn Van Nieuwenhuijzen says it's too early to bet on Russia.

SHOWS: LONDON, ENGLAND, UK (REUTERS - ACCESS ALL) (MAY 26, 2014)

1. ING, INVESTMENT MANAGER, VALENTIJN NIEUWENHUIJZEN SAYING:

JOURNALIST ASKING VALENTIJN VAN NIEUWENHUIJZEN: 'Russian assets have really gained ground after that Poroshenko win. MICEX, RTS both rising here, I can see on the terminal. Rouble also touching four-month highs against the dollar and euro. It seems the market really likes this news.'

VALENTIJN VAN NIEUWENHUIJZEN: 'Yeah, it absolutely seems so and I think it is right to do so because it further reduces the uncertainty surrounding Ukraine, at least in the near term. Obviously, we also had Putin's comment late last week which also at least hinted on somewhat less aggressive stance from him towards the situation in the Ukraine. And it all comes on top of a relatively constructive market environment whereby especially emerging market assets have been doing better in the last couple of weeks. So I think if you combine these three factors, it's not that surprising that the market's taking this positively.'

JOURNALIST: 'Based on these factors, are you telling your clients to invest in Russian assets in the months ahead then?'

VALENTIJN VAN NIEUWENHUIJZEN: 'Well, not at this point. We're quite fairly skeptical about the medium term outlook, not only surrounding the issue with Ukraine but especially also the situation in Russia itself. It's an unbalanced economy and certainly the political instability- not so much political instability but not equity holder-friendly environment coming from the latest political dynamics.'

JOURNALIST: 'Okay. Now, the other thing making headlines today is of course Draghi. He has said today the ECB stands ready to act should it see signs of a negative price spiral take hold. I know he said this many times before, but this is important given he said that they were comfortable acting at the last meeting. And therefore my question to you is, what do you think they'll do on June 5?'

VALENTIJN VAN NIEUWENHUIJZEN: 'Well, you know, it's pretty clear. They will act. They will cut rates. Probably the positive rate will go negative. The refi rate will be cut by 10, 15 basis points. That is not so much the news because I think we were indeed already anticipating that on the back of the comments after the latest policy meeting. But it is becoming more clear and clear that he is concerned not only by the risk of deflation but also by a prolonged period of low inflation. And he does see it as an objective of the ECB to prevent inflation remaining below 2% for a very long time. So that hints at more action than only rate cuts. So probably there will be also some liquidity provision and probably also the hint of further action later this year.'