MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Retail Investors Drive Surge in Russia Stocks; Macroeconomic Data on the Docket

RUSSIA
  • Russian stocks are at a level last seen before the invasion of Ukraine, with retail investors driving a market cut off from foreigners, according to Bloomberg. Since international sanctions and local restrictions curbed options for sending money abroad, more Russians are opening retail accounts to park their cash in local equities. A weakening ruble is also encouraging them to buy the stock of some of the nation’s biggest commodity exporters, which continue to earn foreign-currency revenue.
  • Russian President Putin and Turkish President Erdogan will hold their first call since Russia withdrew from the Black Sea Grain initiative. Tass reports that the two leaders are also expected to set a time for an upcoming face-to-face meeting during the call.
  • Overnight, Russian drones hit sites in the port town of Izmail on the Danube river close to the border with NATO and EU member Romania. Izmail is one of the two ports in the Odesa region alongside Reni that is still able to export grain following the collapse of the Black Sea Grain Initiative in July following Russia's withdrawal.
  • Seaborne crude flows in the four weeks to July 30 fell to the lowest since early January, Bloomberg report. Four-week average shipments dropped to 2.98 million barrels a day and down by more than 900,000 barrels a day from the peak seen in mid-May.
  • The following data is on the docket at 1700BST/1900 local time:
    • Retail Sales (Est: +9.5% y/y; Prior: +9.3%)
    • Unemployment Rate (Est: +3.2%; Prior: +3.2%)
    • Real Wages (Est: +9.8% y/y; Prior: +10.4%)
    • Weekly CPI (Prior: +0.23%)
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.