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☆ Stock Market Today: Dow Futures, Ruble Edge Lower
▼ + stars: | 2023-06-26 | by ( ) www.wsj.com time to read: +1 min

Stock futures and bond yields are edging lower as global investors brush off this weekend’s events in Russia . Global central bankers will be meeting in Portugal this week for the European Central Bank’s annual forum. Stocks came under pressure last week as policymakers including Federal Reserve Chair Jerome Powell emphasized that their policy-tightening cycles weren’t yet finished. Stock futures slipped. The benchmark MOEX stock index was down 1.4%.

Persons: Vladimir Putin, Wagner, Yevgeny Prigozhin, Stocks, Jerome Powell, Dow, Brent Organizations: Global, Central, Nasdaq, Treasury, U.S, Benchmark, ’ Locations: Russia, Portugal, Europe, Asia, Hong, Shanghai

☆ Russian bourse, banks to operate as normal on Monday, says central bank
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Russian state flag flies over the Central Bank headquarters in Moscow, Russia May 7, 2023. REUTERS/Shamil Zhumatov/File PhotoJune 25 (Reuters) - The Moscow stock exchange, banks and financial institutions are expected to operate as usual on Monday, Russia's central bank said on Sunday, despite Moscow's mayor having declared it a non-working day when mercenary leader Yevgeny Prigozhin was leading his Wagner forces towards Moscow. "On June 26, trading and settlement on all Moscow Exchange markets will be conducted as usual, including all trading periods and instruments," Moscow Exchange (MOEX.MM) said in a statement. SPB Exchange, Russia's second-largest bourse, said it would also be operating as normal. The central bank said banks should ensure the continuous and smooth operation of Russia's financial markets.

Persons: Shamil Zhumatov, Yevgeny Prigozhin, Wagner, Sergei Sobyanin, Prigozhin, Moscow's, Alexander Marrow, Maxim, David Goodman, Jane Merriman Organizations: Central Bank, REUTERS, Moscow, Moscow Exchange, SPB, bourse, Thomson Locations: Russian, Moscow, Russia, Russia's, Belarus

May 4 (Reuters) - The Russian rouble climbed to a more-than-one-month high on Thursday, gaining for a fifth straight session, as oil prices staged a partial recovery, countering the impact of reduced foreign currency supply. By 0923 GMT, the rouble was 1% stronger against the dollar at 78.44 , its strongest mark since April 3. The rouble has also benefited with a lag from high oil prices throughout April, which translates to higher export revenues for Russian exporters. Russian stocks are unlikely to see any serious buying interest before Russia's long weekend, said Sinara Investment Bank analysts. Geopolitics are partly to blame for Russian stocks' recent decline, while investors globally fear recession, hence the sustained drop in Brent, Sinara said.

☆ Russia's domestic stock investors, shut off from the international financial system, have helped send the Moscow Exchange to a 12-month high
▼ + stars: | 2023-05-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Russia's benchmark MOEX index is trading at levels not seen in over 12 months. The MOEX Russia Index has gained 24% so far this year after tanking 42% in 2022. The benchmark MOEX Russia Index on the Moscow Exchange hit a high of 2,646.18 on Thursday — its highest level since early April 2022. Despite the surge in the MOEX index, trading volumes in its equities market fell 41% from a year ago amid sanctions. The MOEX Index ended at 2,634.96 on Friday.

April 27 (Reuters) - The rouble steadied on Thursday, with the market looking ahead to Friday's interest rate decision, as favourable month-end tax payments propped the Russian currency up amid a significant drop in oil prices. By 1322 GMT, the rouble was 0.2% stronger against the dollar at 81.44 and had gained 0.6% to trade at 89.76 versus the euro . Month-end tax payments that usually lead exporters to convert foreign currency revenue to meet local liabilities are putting a floor under the rouble. Oil prices dropped almost 4% on Wednesday, extending sharp losses from the previous session, driven by fears of a U.S. recession and an increase in Russian oil exports which dulled the impact of OPEC production cuts. "We still see no reason for the central bank to change the rate and its rhetoric, but inflation risks will continue to concern the central bank more than economic growth," said Dmitry Polevoy, head of investment at Locko-Invest.

☆ London court allows 'unprecedented' stranded Russian share sale
▼ + stars: | 2023-03-03 | by ( Naomi Rovnick | ) www.reuters.com time to read: +2 min

LONDON, March 3 (Reuters) - London's High Court has ruled that the administrators of Sova Capital, a collapsed London broker formerly controlled by Russian banker Roman Avdeev, can employ a novel deal structure to swap a portfolio of Russian shares. The broker collapsed a year ago as Western sanctions hit businesses with Russian ties. In his ruling, the judge noted that "MOEX prices for the Russian Securities are no more than nominal for Sova". Another constraint, he said, was Sova's ability to get cash from a sale of securities that were "effectively trapped". ($1 = 0.8338 pounds)Reporting by Naomi Rovnick; Editing by Dhara Ranasinghe and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble weakens ahead of Putin address to parliament
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

At 0732 GMT the rouble was 0.7% weaker against the dollar at 75.05 , edging closer to an almost 10-month low of 75.30 hit on Friday. The Russian currency had lost 0.5% to 80.04 versus the euro and was down 0.2% against the yuan at 10.89. The rouble is usually in greater demand before month-end taxes are due on Feb. 28, when exporters typically convert their foreign currency revenue. Nevertheless, oil prices remain high and the rouble should be supported by exporters in the final third of February, Kochetkov added. Banks, have also proved resilient, with lenders now jostling for business from the state and the country's big corporate players.

☆ Russia expects Sberbank to pay dividends on 2022 profits, says TASS
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] A view shows the logo of Sber (Sberbank) at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Anton Vaganov/MOSCOW, Feb 9 (Reuters) - Russia's finance ministry said on Thursday it expects state-owned lender Sberbank (SBER.MM) to pay dividends of at least 50% on its 2022 profits, a prospect that drove up Sberbank shares and the wider Moscow Exchange stock index. We will discuss this further," the TASS news agency quoted Deputy Finance Minister Vladimir Kolychev as saying. Sberbank, in common with other major Russian companies, did not pay a 2021 dividend last year on the government's orders. The rouble-based MOEX index (.IMOEX) pared losses to climb 0.6% higher on the day, while Sberbank shares did the same, gaining around 1.6% by 1333 GMT and nearing a multi-month high.

SummarySummary Companies Russia to resume forex interventionRussia to sell yuan amid lower oil and gas revenueUse of yuan underscores greater role of ChinaMOSCOW, Jan 11 (Reuters) - Russia said it would resume foreign currency interventions with the sale of yuan from Friday, underscoring the growing importance of China's currency in Moscow's efforts to ensure economic stability amid Western sanctions. Russian nominal GDP is likely to be $2.14 trillion this year, the highest level since 2013, according to the International Monetary Fund. Its share of the currency market reached 48% in November, MOEX Group (MOEX.MM) said last month, up from less than 1% at the start of 2022. The Russian central bank said it would carry out forex transactions on the yuan market of the Moscow Exchange - the yuan-rouble for settlement tomorrow (CNYRUB_TOM). ($1 = 68.6875 roubles)Reporting by Reuters Writing by Guy Faulconbridge Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble up vs dollar, euro in light trade
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

Jan 5 (Reuters) - The Russian rouble showed positive dynamics against the dollar and the euro amid a rebound in oil prices in thin holiday trading on Thursday. At 0711 GMT the rouble gained 1.3% against the dollar to trade at 71.06 on the Moscow Exchange. Against the euro, the rouble was up 0.85% to 75.50 . The rouble-based MOEX Russian index (.IMOEX) gained 0.04% to 2,169 points. Oil prices rebounded on Thursday amid dollar weakness and as investors emerged to buy dips after two sessions of steep losses, though economic concerns capped recovery read more .

☆ Russian rouble down with oil prices, trade remains thin
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +1 min

Summary This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Jan 4 (Reuters) - The rouble opened weaker on Wednesday amid lower oil prices and thin trading volumes during public holidays in Russia. At 0714 GMT, the rouble was 0.6% weaker against the dollar at 71.54 and had lost 1.1% to trade at 75.64 versus the euro . Brent crude oil , a global benchmark for Russia's main export, was down 0.4% at $81.8 a barrel. The rouble-based MOEX Russian index (.IMOEX) was 0.2% higher at 2,176.77 points. For Russian equities guide seeFor Russian treasury bonds seeReporting by Polina Devitt; editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble slides in first trade of the year
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

The Russian rouble weakened on Tuesday against the dollar and euro in the first session of the year in Moscow amid light trading volumes during public holidays in Russia. At 0705 GMT the rouble slid by 0.4% to the dollar to trade at 70.18 on the Moscow Exchange. Russian stock indexes were on the rise in early trade on Tuesday. The rouble-based MOEX Russian index (.IMOEX) gained 0.58% to 2,167 points. For Russian equities guide seeFor Russian treasury bonds seeReporting by Vladimir Soldatkin; editing by Guy FaulconbridgeOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble surges as volatile year draws to a close
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +2 min

By 0755 GMT, the rouble was 1.8% stronger against the dollar at 70.87 , recovering some ground from the eight-month low of 72.9175 hit in the previous session. The rouble has lost around 13% to the dollar since the price cap on Russian oil exports came into force on Dec. 5, although analysts have said the technical impact would be more strongly felt in January-February. It had gained 0.4% to trade at 75.58 versus the euro and firmed 2.9% against the yuan to 9.89 . Brent crude oil , a global benchmark for Russia's main export, was up 0.6% at $84.0 a barrel. The rouble-based MOEX Russian index (.IMOEX) was 0.2% lower at 2,143.5 points.

☆ Russian rouble strengthens vs dollar as volatile year ends
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +2 min

At 0708 GMT, the rouble was 1.3% stronger against the dollar at 71.22 , recovering some ground from the eight-month low of 72.9175 hit in the previous session. The rouble has lost around 13% to the dollar since the price cap on Russian oil exports came into force on Dec. 5, although analysts have said the technical impact would be more strongly felt in January-February. It had gained 0.6% to trade at 75.54 versus the euro and firmed 1.7% against the yuan to 10.01 . Brent crude oil , a global benchmark for Russia's main export, was up 0.6% at $84.0 a barrel. The rouble-based MOEX Russian index (.IMOEX) was 0.2% higher at 2,151.1 points.

☆ Rouble recovers after hitting 8-month low vs dollar on sanctions fears
▼ + stars: | 2022-12-29 | by ( Alexander Marrow | ) www.reuters.com time to read: +2 min

Despite recovering ground in another volatile session, the rouble has still lost more than 13% to the dollar since a Western price cap on Russian oil exports came into force on Dec. 5. By 0957 GMT, the rouble was 0.8% stronger against the dollar at 71.64 , having earlier touched 72.9175, its weakest since April 27. It gained 0.6% to trade at 75.95 against the euro and firmed 0.6% against the yuan to 10.31 , earlier touching a seven-month low of 10.326. Brent crude oil , a global benchmark for Russia's main export, was down 2% at $81.6 a barrel. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow; Editing by Tom Hogue, Angus MacSwan and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Rouble sinks to 8-month low vs dollar as sanctions fears weigh
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

Summary This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Dec 29 (Reuters) - The Russian rouble slumped to an eight-month low against the dollar on Thursday, struggling under the weight of expectations that sanctions on Russian oil and gas may limit export revenues. By 0717 GMT, the rouble was 0.9% weaker against the dollar at 72.83 , its weakest point since April 27. It lost 0.7% to trade at 76.93 versus the euro and shed 0.6% against the yuan to 10.31 . The rouble has now lost around 15% to the dollar since the price cap came into force on Dec. 5. The rouble-based MOEX Russian index (.IMOEX) was 0.1% higher at 2,141.5 points.

☆ Russian rouble slips again as volatile year-end trade continues
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +2 min

The rouble lost about 8% against the dollar last week and is on course for a hefty monthly decline after an oil embargo and price cap came into force. At 0705 GMT, the rouble was 1.1% weaker against the dollar at 71.19 , moving in the direction of the almost eight-month low of 72.6325 struck last week. It lost 0.5% to trade at 75.37 versus the euro and shed 1.4% against the yuan to 10.12 . Brent crude oil , a global benchmark for Russia's main export, was down 0.7% at $83.7 a barrel. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow; Additional reporting by Bansari Mayur Kamdar; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble falls to 70 vs dollar as sanctions weigh
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +2 min

The rouble lost about 8% against the dollar last week and is on course for a monthly decline after an oil embargo and price cap came into force. "This week, the rouble is expected to fluctuate in the range of 68-71 (per dollar)." Against the euro, the rouble lost 1.1% to 74.35 . Now, with exports and revenues falling, a weaker rouble is more beneficial, the TASS news agency quoted First Deputy Prime Minister Andrei Belousov as saying on Tuesday. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Volatile rouble recovers ground after biggest weekly slump since July
▼ + stars: | 2022-12-26 | by ( Alexander Marrow | ) www.reuters.com time to read: +2 min

The rouble lost about 8% last week and is down over 10% this month after an oil embargo and price cap came into force. By 0748 GMT the rouble was 2.8% stronger against the dollar at 68.31 . Brent crude oil , a global benchmark for Russia's main export, climbed to a near three-week high in its final trading session before the Christmas break, last up 3.7% at $84.0 a barrel. The dollar-denominated RTS index (.IRTS) was up 2.1% at 983.4 points while the rouble-based MOEX Russian index (.IMOEX) gained 0.3% to 2,130.6 points. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow Editing by David Goodman, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Rouble edges higher after biggest weekly slump since July
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: +2 min

The rouble lost about 8% last week and is down 12.5% this month after an oil embargo and price cap came into force. At 0711 GMT the rouble was 0.8% stronger against the dollar at 69.67 . Brent crude oil , a global benchmark for Russia's main export, was up 3.7% at $84.0 a barrel, giving Russian equities some support. The dollar-denominated RTS index (.IRTS) was up 0.1% at 964.1 points while the rouble-based MOEX Russian index (.IMOEX) gained 0.4% to 2,132.1 points. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Volatile rouble falls again, cutting short slight recovery
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +2 min

At 0706 GMT, the rouble was 0.8% weaker against the dollar at 69.74 , slipping back towards its weakest since April 28 of 72.6325, hit in the previous session. It had lost 0.4% to trade at 73.87 versus the euro and shed 1% against the yuan to 9.87 . Brent crude oil , a global benchmark for Russia's main export, was up 0.9% at $81.7 a barrel. Analysts expect the rouble to find a foothold next week when month-end taxes, which usually see Russian exporters convert FX revenues to pay local liabilities, are due. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Rouble tumbles to near eight-month low vs dollar
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +2 min

By 0740 GMT, the rouble was down 1.8% against the dollar at 72.25 , earlier hitting 72.3075, its weakest mark since April 29. It also lost 1.6% to trade at 76.82 versus the euro , also a near eight-month low, and shed 2% against the yuan to a near seven-month low of 10.28 . The rouble is continuing its "unrestrained fall", said Veles Capital analysts. Brent crude oil , a global benchmark for Russia's main export, was up 0.3% at $82.4 a barrel. For Russian equities guide seeFor Russian treasury bonds see($1 = 72.0000 roubles)Reporting by Alexander Marrow; Editing by Tom Hogue and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Exclusive: Russia likely to buy yuan on FX market in 2023 - sources
▼ + stars: | 2022-12-22 | by ( Elena Fabrichnaya | ) www.reuters.com time to read: +4 min

"The central bank can currently now buy yuan," a banking source close to monetary authorities told Reuters. But the bank would not do so while the government continued, as now, to spend its oil and gas revenues. "(However), if next year budget revenues from the export of oil and gas exceed 8 trillion roubles, then the central bank will buy yuan," that source added. The central bank and finance ministry did not respond to requests for comment. Central Bank Governor Elvira Nabiullina last week said Russia has sufficient funds in yuan and gold.

☆ Rouble slumps to weakest vs dollar since May
▼ + stars: | 2022-12-21 | by ( Alexander Marrow | ) www.reuters.com time to read: +3 min

By 0939 GMT, the rouble was down 2.5% against the dollar at 70.60 , after hitting 70.7550 earlier. The rouble has already lost more than 8% this week against the dollar and around 12% since a cap on Russian oil prices came into force. FALLING REVENUESThe rouble has been catching up with the weakening of Russia's balance of payments, said Rachel Ziemba, founder of Ziemba Insights. "In recent months, Russian export revenues have fallen as it sharply reduced gas exports and the EU oil embargo is limiting oil revenues." The rouble-based MOEX Russian index (.IMOEX) was 0.6% higher at 2,131.8 points, rebounding from a near eight-week low hit in the previous session.

☆ Rouble slumps past 70 vs dollar for first time since May
▼ + stars: | 2022-12-21 | by ( Alexander Marrow | ) www.reuters.com time to read: +2 min

By 0713 GMT, the rouble was down 2.1% against the dollar at 70.31 , after hitting 70.6775 earlier. The rouble has been catching up with the weakening of Russia's balance of payments, said Rachel Ziemba, founder of Ziemba Insights. BCS World of Investments said the rouble continuing to plunge would likely also see the RTS index fall. The dollar-denominated RTS index (.IRTS) was down 1.3% to 654.6 points, flirting with more than two-month lows. The rouble-based MOEX Russian index (.IMOEX) was 0.5% higher at 2,130.6 points, rebounding from a near eight-week low hit in the previous session.

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