Russia FX/Rates Snapshot - November 3, 2020
This morning, cautious optimism is prevailing in global markets. EM currencies and the main stock futures are posting moderate gains. Markets appear to be positioning for a decisive victory by Joe Biden in the US presidential election. Polling has shown that Biden has widened his lead over the incumbent Trump in recent weeks. As a result, the ruble has firmed slightly so far today. Given the ruble's excessive depreciation in recent days and amid the improved external backdrop, we think a recovery to 79.5 is likely today.
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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