Russia FX/Rates Snapshot - September 1, 2020
This morning, with EM peers trading higher, the ruble has strengthened back to 73.6 and may well be headed to 73. Optimism is prevailing in markets following the publication of the Caixin China manufacturing PMI, which came in better than expected. Also, the beginning of the new month may herald fresh allocations by investors. Today in focus will be global PMIs, most notably the eurozone and US. Given the further recovery in the global economy, these prints could well come in upbeat.
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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