June Ruble/FX Flows
In May, the ruble registered an almost flat performance versus the dollar, while most of its EM peers fell, roiled by the renewed US-China trade war. However, near the end of the month EM currencies started to recover amid an almost 40 bp dip in US Treasury yields. The markets now expect almost four rate cuts from the Fed by the end of 2020 (with the first coming this September) in response to the mounting trade tensions, global economic slowdown and US inflation having remained below the 2% target this year.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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