Russia FX/Rates Snapshot - April 30, 2019
The ruble firmed by 0.4% yesterday, which was due to a globally weaker dollar, although trading activity was subdued. However, this morning it is down by 0.3% as risk sentiment soured after the Chinese PMI turned out slightly weaker than expected. Trading activity has picked up, and we expect the ruble to weaken today as investors will likely cut long positions and increase short ones on the ruble in order to hedge ahead of the long weekend in Russia starting tomorrow.
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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