Russia FX/Rates Snapshot - October 31, 2018
This morning, the dollar is flat versus DM currencies, while EM currencies are in mildly negative territory. However, stock futures are pointing upward and oil has advanced 1% so far, so risk-on trading has persisted. Against this backdrop, the ruble is flat, and we expect it to continue trading sideways as the session drags on. Today, investors will eye eurozone inflation data and an ADP employment report from the US. The latter may provide some insight into the monthly jobs report due on Friday. The ADP report is likely to show further improvement in the US labor market in October, which would allow the dollar to advance further against peers. USD/RUB will likely remain flat 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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