Russia FX/Rates Snapshot - September 9, 2020
Falling US stocks weighed on global risk appetite yesterday. The Brent price plummeted 5.8%, pressured by weakly recovering demand. The dollar firmed 0.8% against DM peers. Against this backdrop, the ruble, additionally facing headwinds from geopolitical developments, dropped to 76.60 against the greenback by midday, with foreigners selling. At that level, however, Russian exporters started offering dollars.
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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