Russia FX/Rates Snapshot - December 11, 2020
There are no important events on the calendar today. We note the preliminary estimate of Russian 3Q20 GDP. Meanwhile, we believe that the oil rally could take a breather. At the same time, worries about the UK-EU trade negotiations after UK PM Boris Johnson's recent comments could come into focus. In this environment - while also taking into account the traditional caution of investors ahead of the weekend - the ruble's gains are also likely to come to a halt, with the local currency remaining around 73.
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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