Russia FX/Rates Snapshot - December 7, 2021. Ruble Looks Set to Advance
The ruble has strengthened to 74.0 this morning as optimism is prevailing in the global markets, backed by more and more signs that the Omicron strain is causing only a mild form of the illness. Against this backdrop, the ruble should extend its gains today, in our view, and by the end of the day could approach 73 - assuming that geopolitical risks do not rise following the Putin-Biden call.
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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