Russia FX/Rates Snapshot - January 21, 2020
This morning, the yuan is off 0.5%, while futures on major global stock indexes are in negative territory. Equity indexes in Asia are down more than 1%. It seems investors are growing increasingly concerned over the outbreak of the new coronavirus in China. Against this backdrop, the ruble is trading somewhat weaker (in line with EM peers) at just above USD/RUB 61.6. News about the makeup of the government has not yet emerged, which means the weakening of the ruble may pick up steam following the Moscow open - we could see it reach 61.8. However, at that level Russian exporters may significantly boost their selling of FX.
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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