CIS Market Daily - September 27, 2019
MARKET COMMENT - SOME BOUNCE BACK FOR EMS YESTERDAY AMID MIXED TRADE WAR RHETORICAfter three days of losses, the MSCI EM and RTS (1,360) each gained 0.4% yesterday. A lack of negative headlines helped markets early in the day, while later in the day the US provided a weaker market and volatile political headlines. The US trade wars with China and the EU have dominated headlines overnight, though effects on markets have been only marginally negative so far. Heavy US macro reporting today and Chinese PMIs on Monday are among the main items on coming days' agendas.STORIES> The Russian Eagle: The highest yields and the best performance> EPFR: EM outflow resumes; Russia only net positive in BRICST> X5 to reformat hypermarkets, R5-6 bln hit to 3Q non-cash net income
X5 Retail Group is a holding company. The main activity of Co. is the development and operation of grocery retail stores. Co. operates a retail chain of soft-discount, supermarket and hypermarket stores under the brand names "Pyaterochka", "Perekrestok" and "Karusel" in major population centres in Russia, including but not limited to Moscow, St. Petersburg, Nizhniy Novgorod, Rostov-on-Don, Kazan, Samara, Lipetsk, Chelyabinsk, Perm, Ekaterinburg and Kiev, Ukraine.
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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