Russia FX/Rates Snapshot - November 29, 2019
We think that optimism over a US-China trade deal could return, pushing riskier assets higher. If it is confirmed today that China will retaliate only by putting US legislators who drafted the Hong Kong bill on a no-entry list, we think markets could take this relatively positively, as it would suggest limited damage to the trade negations from the law. In addition, over the last couple weeks, US officials have issued positive comments before the weekend, so we think this could be the case again today. If risk sentiment improves, USD/RUB could return below 64 to 63.9, though trading will be rather light due to low activity in the US market after Thanksgiving.
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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