Russia FX/Rates Snapshot - May 21, 2020
Today will see the release of preliminary PMI data from Europe and US, as well as US weekly jobless claims. Considering that the quarantine measures are only starting to be lifted, this data is unlikely to paint a rosy picture of the global economy. Hence, we expect investors to take profits in their long positions in risk assets, including the ruble, which we think could slip to 71.5.
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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