Russia FX/Rates Snapshot - December 8, 2021. Ruble to Recover After Volatile Day Yesterday
This morning, global markets remain upbeat, and the ruble has advanced back to 73.9. We believe it will extend the gains throughout the rest of the day and reach 73.5 or even closer to 73.0, as geopolitical tensions seem to be subsiding for now, while the rally in global markets should continue. The focus will be the Russian weekly inflation reading 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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