Report
Nikolay Minko ...
  • Yuri Popov

Russia FX/Rates Snapshot - July 5, 2019

The official June jobs report is due from the US today. Earlier this week, the ADP reported an only 102k increase in US private payrolls in June, though it should be noted that the ADP's data has diverged significantly from the official data recently. We think that a weaker than expected rise in nonfarm payrolls in June (the consensus is 160k) would boost expectations of Fed dovishness at upcoming meetings and spur risk-on trading in global markets. We note that many US investors will be taking a day off today as well, so the jobs data will likely be coming out amid thin volumes.
Provider
Sberbank
Sberbank

​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.

Analysts
Nikolay Minko

Yuri Popov

Other Reports from Sberbank

ResearchPool Subscriptions

Get the most out of your insights

Get in touch