Russia FX/Rates Snapshot - January 17, 2019
This morning, the ruble is falling along with other EM currencies as risk sentiment soured following reports that Huawei is being investigated by US prosecutors. The worry is that this could spoil US-China trade talks planned for the end of the month. However, we think that later in the day the ruble has the potential to appreciate if the Brent price rises on an OPEC monthly report that is expected to be upbeat - especially after 17:00 Moscow time, when the US equity market opens, as sentiment may improve if US earnings remain upbeat, while exporters still have a lot of FX to sell.
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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