Russia FX/Rates Snapshot - August 13, 2020
Markets remain optimistic this morning, with US stock indexes near record highs. The ruble has already pared most of yesterday's loss, having firmed to 73.3, which seems to point to the temporary nature of the loss and possibly to its being related to dividend conversions (most dividend payments have already been made). Against this backdrop, we expect the local currency to extend its gains today to 73. In addition, US jobless claims could provide support for risk assets should they, as expected, be seen as confirming that the US economic recovery is in full swing.
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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