10 Consequences Of Greece's 'No'
Mohamed El-Erian - Seeking Alpha - Mon Jul 06, 1:22PM CDT
By heeding their government's advice and voting " No " in the referendum on Sunday, Greek citizens sent an unambiguous message. Much like the fictional Americans portrayed in the movie “ Network ” who threw open their...
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EU extends sanctions on Russia
Seeking Alpha - at Seeking Alpha - Mon Jun 22, 3:30AM CDT
RSXJ: 20.17 (+0.18), RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)
Russian Central Bank Targets Rebuilding Of Foreign Reserves
Constantin Gurdgiev - Seeking Alpha - Sat Jun 20, 4:44AM CDT
Recently, speaking at a banking conference in St Petersburg, Elvira Nabiullina, head of the Central Bank of Russia, outlined the CBR's position on foreign exchange reserves. Nabiullina noted that Russian reserves are large - sufficient to cover...
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)
Concerns intensify after Russia's missile announcement
Seeking Alpha - at Seeking Alpha - Wed Jun 17, 2:49AM CDT
RSXJ: 20.17 (+0.18), RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)
CBR Cuts Rates To 11.5% In Hope Of Lifting Sagging Investment
Constantin Gurdgiev - Seeking Alpha - Tue Jun 16, 9:54AM CDT
Central Bank of Russia cut policy rate to 11.5% today from 12.5%, undershooting markets' expectation for a 150bps cut to 11.0%. The move was expected and relatively modest cut this time around suggests more heavy cuts in 2H 2015. In part, this...
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)
Even Homer Would Have Been Proud
Ivan Martchev - Seeking Alpha - Tue Jun 16, 3:09AM CDT
Even if the Greeks pull off this latest bailout tranche by the end of June - a deadline which by now has been called into question again - the drama will not be over. This is because, by best-case estimates, the Greeks need 25 billion euros ($28...
GREK: 10.21 (+0.13), RUSS: 33.52 (-1.54), COPX: 5.26 (+0.31), EU: 20.54 (-0.08), CUPM: 26.31 (unch), GGOV: 36.70 (+0.07), CPER: 15.75 (-0.01), RUSL: 16.15 (+0.69), BUNT: 49.49 (-1.33), RBL: 15.86 (+0.33), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22), JJC: 27.81 (+0.16), BUNL: 27.38 (+0.18)
Russia gets another rate cut
Seeking Alpha - at Seeking Alpha - Mon Jun 15, 8:19AM CDT
RSXJ: 20.17 (+0.18), RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)
IMF Tells Kiev: 'Default'
Constantin Gurdgiev - Seeking Alpha - Sun Jun 14, 1:35AM CDT
Things are getting really testy Friday night in Ukraine. As I noted earlier today (see here ), IMF gave Kiev a bit of strong-man-behind-me support in negotiations with private sector bondholders. Later today, IMF head had the following to say on...
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), CEE: 18.86 (+0.46), ESR: 15.82 (-0.51), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), GUR: 25.56 (+0.22), ERUS: 12.93 (+0.22), TRF: 10.13 (+0.13)
Weakness In Emerging Markets Brazil And Russia: Not Good News For Commodities
MetalMiner - Seeking Alpha - Wed Jun 10, 6:10AM CDT
Original Post By Raul De Frutos There is a close linkage between emerging markets and commodity prices. This connection becomes stronger for net commodity exporters. The two most notable examples are Russia and Brazil, both of which are...
DJP: 25.19 (unch), BZQ: 133.53 (-5.52), DEE: 69.45 (unch), CMDT: 36.28 (+0.49), DYY: 3.43 (+0.03), UBR: 11.75 (+0.35), RUSS: 33.52 (-1.54), COMT: 34.04 (+0.35), CSCB: 12.28 (unch), CMD: 107.00 (-2.31), FTGC: 22.82 (+0.14), GSP: 16.83 (-0.13), UCI: 13.86 (+0.02), PDBC: 18.07 (-0.08), UCD: 38.50 (+1.75), ERUS: 12.93 (+0.22), CSCR: 13.41 (unch), DPU: 9.46 (unch), FBZ: 9.68 (+0.03), BRZU: 20.23 (+1.10), DBC: 15.62 (-0.03), GSC: 24.63 (-0.22), USCI: 42.73 (+0.13), RGRC: 19.24 (+1.00), RJI: 5.40 (+0.01), DBBR: 9.51 (+0.18), GSG: 17.69 (-0.10), DJCI: 16.46 (-0.01), DDP: 46.72 (unch), SBV: 23.25 (unch), RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), LSC: 5.52 (-0.01), RSX: 16.68 (+0.24), GCC: 20.05 (-0.04), EWZ: 24.31 (+0.46), BCM: 27.56 (-0.08)
Russia: Unfolding This Mysterious Market, Part I
Dennis Viliardos - at Seeking Alpha - Tue Jun 09, 6:59PM CDT
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)
Russian Services And Composite PMIs: May 2015
Constantin Gurdgiev - Seeking Alpha - Thu Jun 04, 1:03PM CDT
Having covered Russian Manufacturing PMI earlier ( here ), now let's update data for Services PMI and Composite PMI. In contrast to disappointing Manufacturing PMI, Services PMI for Russia came in at a surprising strong upside, rising to 52.8 in May...
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)
Fighting in eastern Ukraine has investors worried
Seeking Alpha - at Seeking Alpha - Thu Jun 04, 3:22AM CDT
RSXJ: 20.17 (+0.18), RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RSX: 16.68 (+0.24), RUSS: 33.52 (-1.54), ERUS: 12.93 (+0.22)
Russian GDP Fell 2.4% In January-April, 2015
Constantin Gurdgiev - at Seeking Alpha - Wed Jun 03, 2:52AM CDT
When Russian statistics agency published the latest data on economic growth for 1Q, the numbers came in at -1.9% - 0.3% higher than the previous forecast by the Ministry for Economic Development (MED). Based on the latest data from the MED,...
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)
Spillover From Russian Crisis Hits Latvian Economy, But So Far The Damage Is Limited
Ed Dolan - Seeking Alpha - Mon Jun 01, 9:16AM CDT
From the beginning, it was clear that the economic crisis in Russia would pose multiple problems for Latvia and its Baltic neighbors. Until recently, many business people in Latvia had seen close trade, transportation, and financial linkages as...
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), CEE: 18.86 (+0.46), ESR: 15.82 (-0.51), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), GUR: 25.56 (+0.22), ERUS: 12.93 (+0.22), TRF: 10.13 (+0.13)
Russian Fiscal Performance: Red Alert In Jan-Apr 2015
Constantin Gurdgiev - Seeking Alpha - Mon Jun 01, 5:49AM CDT
Russian Government finances are showing some serious signs of strain in April, lagging the 1Q 2015 outruns. In 1Q 2015, public revenues (the consolidated budget including federal, regional and local governments, state social funds) rose only 1% y/y...
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)
Remittances From Russia Sharply Down In Q1 2015
Constantin Gurdgiev - at Seeking Alpha - Sun May 31, 12:45PM CDT
Latest Central Bank of Russia data showed decline in private forex outflows in 1Q 2015 as migrants and Russian citizens cut back on transfers abroad. In 1Q 2015, based on CBR data, private money transfers from Russia were down to USD2.1 billion - the...
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)
Private Sector Counter Proposal For Ukrainian Debt Restructuring
Constantin Gurdgiev - at Seeking Alpha - Sun May 31, 11:28AM CDT
Here's an interesting and far-reaching article by Bloomberg on Ukraine's attempts to restructure some of its debts. In a nutshell, Ukraine needs to restructure its debt per IMF's three targets for debt 'sustainability': Generate $15 billion in...
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), CEE: 18.86 (+0.46), ESR: 15.82 (-0.51), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), GUR: 25.56 (+0.22), ERUS: 12.93 (+0.22), TRF: 10.13 (+0.13)
Putin: Let Them Eat Seeds
Andrew Hecht - at Seeking Alpha - Wed May 27, 5:08AM CDT
DJP: 25.19 (unch), DAG: 3.58 (unch), RUSS: 33.52 (-1.54), UBM: 12.26 (unch), BDG: 13.23 (+0.03), UAG: 18.90 (+0.07), JJM: 21.34 (+0.59), TAGS: 27.09 (-0.07), BDD: 4.74 (+0.11), AGF: 11.51 (-0.24), RJZ: 6.99 (+0.14), ERUS: 12.93 (+0.22), JJA: 36.19 (-0.06), AGA: 29.59 (-0.41), HEVY: 24.42 (-0.96), DBB: 12.79 (+0.18), DBC: 15.62 (-0.03), DBA: 21.26 (-0.03), RGRA: 18.65 (+1.01), ADZ: 32.70 (-2.33), BOM: 21.05 (-1.60), USAG: 19.89 (unch), RGRI: 19.61 (-1.33), BOS: 27.36 (unch), RJA: 6.52 (-0.01), DIRT: 32.28 (unch), FUD: 19.26 (+0.28), RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RSX: 16.68 (+0.24)
Russian Economy: Weaker April Signals Renewed Risks
Constantin Gurdgiev - Seeking Alpha - Sun May 24, 11:00PM CDT
When I remarked recently on some less negative than expected developments in Russian economy over Q1 2015, I noted that these were fragile signs of potential stabilisation, and that the risks remain to the downside. April industrial production...
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)
Ruble Volatility Blues
The Motley Monetarist - at Seeking Alpha - Tue May 19, 8:59AM CDT
RUSL: 16.15 (+0.69), RBL: 15.86 (+0.33), RUSS: 33.52 (-1.54), RSX: 16.68 (+0.24), ERUS: 12.93 (+0.22)