The Russian market got August off to a good start yesterday. The Russian equity market is facing some headwinds this morning as oil prices and the ruble retreat on concerns. Loading volumes via Russian Railways network decreased 3.9% yoy in July – Mi...

Russian market remained a laggard throughout July: The Russian market was under pressure last week with the dollar-denominated RTS index closing 1.7% lower while the ruble-based IMOEX advanced 1.7% due to a weaker ruble, which fell 3.6% to 74.38, as...

The Russian market has opened higher this morning catching a tailwind from the Asian market. Unemployment growth halved in July, however the hit to the structure of income is likely to be felt longer term. MTS BoD recommends 1H20 dividend of RUB8.93/...

Russian equity market declined yesterday amid negative global backdrop and weak macro data (US 2Q GPD plunged 32% y/y). Asian markets are mixed although generally trending lower, as Covid-19 cases increase and more lockdown measures emerge. Key news:...

CEO of Interros, Sergey Batekhin commented on the shareholder conflict situation and Nornickel developments. Interros and RUSAL relations have deteriorated; Interros believes RUSAL's dividends focus comes at Nornickel’s expense. As long as the shareh...

Russia eked out gains ahead of the Fed meeting. Commodities exporters in the oil & gas and metals & mining sectors advanced yesterday. We expect the Russian stock market and ruble to yield to external pressure today ahead of the release of US GDP num...