Russia FX/Rates Snapshot - March 24, 2021
Today, the focus will be preliminary PMIs for March from the US and eurozone. The US data is expected to come out very strong amid, whereas the eurozone PMIs, especially for the services sector, could underwhelm. Against this backdrop, the euro looks set to weaken to 1.18, while the ruble - assuming the geopolitical uncertainty persists - will be under pressure, but should be able to gain a foothold around 77.
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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