CIS Market Daily - June 30, 2020
MARKET COMMENT - PARING LOSSES THROUGHOUT YESTERDAY, GOVERNMENT REMARKS IN FOCUS TODAYAfter a weak start, global markets pared losses throughout the day. The RTS fell 0.6% to 1,240, versus a 0.5% decline for the MSCI EM. Morning indicators are strongly positive, while today a wide range of political leaders and top civil servants are scheduled to speak in Russia, the US and UK. Tomorrow is a non-trading day in Russia.STORIES> Tinkoff Bank posts 5m20 RAS results
TCS Group Holding is a retail banking services group based in the Russian Federation. Co. is principally engaged in providing retail banking services in the Russian Federation through its subsidiaries, primarily Tinkoff Credit Systems. Co., through this subsidiary, fully licensed by the Central Bank of Russia and a member of the Deposit Insurance System, specializes in credit cards. Co. provides online retail financial services through a branchless operating platform. Co. also offers remote access to its financial products and services through its online banking as well as through mobile banking and high-volume call centers.
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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