Russia FX/Rates Snapshot - August 30, 2019
Without a significant breakthrough on trade, a return to risk-on early next week seems unlikely. First of all, new US tariffs on imports from China will take effect on Sunday. Meanwhile, protests in Hong Kong seem to be intensifying, while Chinese and European PMIs due overnight and Monday morning, respectively, will likely show a deepening contraction in the manufacturing sector. Thus, we would recommend buying USD/RUB on dips today.
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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