Russian equities rally: Russian stock rebounded strongly yesterday led by cyclicals – RTSI +3.5% @ 1,414) and IMOEX (+3.2% @ 3,436) – finally reacting to oil prices at seven-year highs (Brent +1.1% @ 88.44). The ruble also advanced (+1.0% @ 76.21). F...

Soaring Sovereign bond yields across the curve sent stocks tumbling lower: A jump in Treasury yields as investors price in Fed rate hikes as early as March triggered a selloff of global equities, especially emerging market stocks, which are more vuln...

Since the start of the year the Russian bond market has been under selling pressure, as the talks between Russia, the US and NATO concluded in stalemate and provoked an exit from ruble assets – the “SELL” button appeared for almost all Russian assets...

X5 (FIVE LI / FIVE RX: O/W; TP $40.4 / RUB3,031) announced that Vladislav Kurbatov, who was the general director of Perekrestok supermarkets, was appointed General Director of Pyaterochka proximity stores. He replaces Sergei Goncharov, who has decide...

Sanctions risk eases as we go to print: This week Russian equities can be expected to be dictated by a combination of geopolitical risk and hawkish Federal Reserve rhetoric that has widened Sovereign bond yields worldwide and triggered aversion to em...

Russian stocks pare some losses on sanctions walk back: Global stock markets were mixed Monday (the US was closed) as traders weigh an advance in sovereign bond yields and corporate developments. Russian stocks extended their losses erasing opening g...