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Our 20 pandemic winners: Key takeaways

Tellimer Research Rahul Shah @ Tellimer Research
Rahul Shah @
Tellimer Research
20 January 2021

20 best Emerging Market stocks through the pandemic

Rohit Kumar 18 January 2021

Oil: The cheapest oil exporter equity markets

Hasnain Malik 8 January 2021

Oil: Saudi takes one for the team, masking demand and compliance cracks

Hasnain Malik 6 January 2021

Commodities rally benefits Chile, Indonesia and Russia

Hasnain Malik 6 December 2020
Latest articles in Russia

Russian budget: modest deficit leaves fiscal room for 2021

The Russian finance ministry reported its preliminary estimate of the federal budget deficit for 2020 at RUB4.1tr, or 3.8% GDP, which is smaller than the RUB4.6tr (4.2% of GDP) deficit we anticipated due to better-than-expected revenue collection and...
ING Think
ING Think 21 January 2021
Russian budget: modest deficit leaves fiscal room for 2021
Russian budget: modest deficit leaves fiscal room for 2021

Russia: Corporates are back to foreign debt redemption

The Bank of Russia released its first estimateof the foreign debt as of year-end 2020, which gives additional cover to the general balance of payments data we covered earlier. In 2020, the composition of the net private capital outflow from Russia ch...
ING Think
ING Think 21 January 2021
Russia: Corporates are back to foreign debt redemption
Russia: Corporates are back to foreign debt redemption

Our 20 pandemic winners: Key takeaways

The pandemic winners among developed market stocks, almost all tech firms, are now household names, with the likes of Zoom helping to transform our working and personal lives and Tesla becoming a retail-investor favourite, recording staggering share...
Tellimer Research Rahul Shah
Rahul Shah @ Tellimer Research 20 January 2021
Our 20 pandemic winners: Key takeaways
Our 20 pandemic winners: Key takeaways

Russia balance of payments: supportive of ruble in the near-term, but risks for 2H21 mount

Russia's current account surplus totalled US$32.5bn in 2020 (including US$5.5bn in 4Q20), which is US$4.5bn lower than we expected and half the 2019 surplus of US$64.8bn. The balance of cross-border salary and investment income has also improved sign...
ING Think
ING Think 19 January 2021
Russia balance of payments: supportive of ruble in the near-term, but risks for 2H21 mount
Russia balance of payments: supportive of ruble in the near-term, but risks for 2H21 mount

20 best Emerging Market stocks through the pandemic

Jumia is known as the Amazon of Africa. Sea’s exponential rise has made it the largest company in ASEAN, a region of 600mn people. We identified Fawry as an EM tech stock to watch in July 2020, when the pre-unicorn company had a market cap of US$735m...
Tellimer Research Rohit Kumar
Rohit Kumar @ Tellimer Research 18 January 2021
20 best Emerging Market stocks through the pandemic
20 best Emerging Market stocks through the pandemic

Russian ruble: resurgence of FX purchases is not the biggest threat

Russia's central bank will buy $1.4bn of FX on the local market this month as a part of a budget rule, which is a material change from the $1.9bn of sales seen last month (Figure 1). On a side-note, the return of FX purchases should be positive for R...
ING Think
ING Think 13 January 2021
Russian ruble: resurgence of FX purchases is not the biggest threat
Russian ruble: resurgence of FX purchases is not the biggest threat