Russia FX/Rates Snapshot - February 8, 2021
Following the publication of a rather weak jobs report from the US (nonfarm payrolls grew by less than 50k in January), risk appetite increased and the ruble was able to continue its advance. The local currency closed at 74.6, notching a 1.2% gain for the day. Friday's relatively weak jobs data bolstered expectations for a $1.9 trln fiscal stimulus package, and over the weekend, US President Joe Biden said that he was confident the package would pass through Congress, even without Republican support.
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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