Russia FX/Rates Snapshot - July 10, 2018
This morning, risk sentiment is still rather favorable and oil is up another 0.7% on the back of the threat of more disruptions. USD/RUB could fall to the 62 support level, although for now it has stabilized in the 62.40-62.50 range, where we are seeing a good corporate bid for FX. Still, this week the ruble may be additionally supported by exporters, as they will need to raise rubles to pay dividends next week: Rosneft is set to pay R70 bln on July 16, while Tatneft is slated to pay R28 bln on July 20.
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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