Russia FX/Rates Snapshot - April 17, 2019
This morning, EM currencies are appreciating and equity indexes are trading higher after China reported GDP growth of 6.4% y-o-y in 1Q19, slightly above the expected 6.3%. Given the improved risk sentiment, we expect foreign demand at today's OFZ auctions to be rather strong (see the rates section below). Moreover, our commodity team sees Brent climbing to $73/bbl today. Against this backdrop, USD/RUB could test its YTD low of 63.6.
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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