14.08.2022
Chicago 11, Melborne City, USA
Business

Weekly digest on Russian Eurobonds 08/10/2022

Great news for sanctioned issuers: Appearance of D-type accounts for payments to investors whose rights are recorded in foreign depositories. The main news for the corporate Eurobond market was the publication on August 8 of a new presidential decree No. 529 on the introduction of special D-type accounts for payments on Eurobonds of Russian companies […]

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Business

What to buy when inflation in the US turns? 11.08.2022

As a result of July, inflation in the US slowed down to 8.5% in annual terms from 9.1% in June, and in monthly terms the figure did not change. A significant slowdown of the indicator from the June high is quite natural and positive for risk demand. Simultaneously with the publication of statistics, the S […]

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Business

What do the new restrictions on shares and Eurobonds mean? 08/10/2022

The impact of restrictions on the stock market On Friday, August 5, the Moscow Exchange announced that it would not allow non-residents to the stock market, only for the urgent one, and on the morning of August 8, the Central Bank announced a six-month ban (quarantine) on transactions with securities bought by non-residents from “friendly” […]

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Business

the time of opportunity has not yet passed 05.08.2022

In early April, after the long-awaited resumption of trading in ruble bonds on the Moscow Exchange in full, we issued review, which pointed to the attractiveness of corporate ruble bonds of quality issuers. Since then, the key rate of the Bank of Russia has fallen from 20% to 8%, and the price index of corporate […]

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Business

Planned technical work August 06, 2022 08/05/2022

= $newDetail[‘spikers’] ?> On Saturday, August 06, 2022, due to scheduled exchange testing on the St. Petersburg Exchange, all our trading systems, including SMARTx, SMARTweb terminals and personal account, will be unavailable. If you use a direct connection to exchange resources, we recommend that you disable “combat” gateways and terminals from all trading systems, since […]

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Business

The Bank of Russia changed the requirements for depo accounts of type “C” 04.08.2022

= $newDetail[‘spikers’] ?> On June 24, 2022, the Board of Directors of the Bank of Russia canceled the requirement for depositories to open and maintain depo accounts of type “C” for non-residents who are not foreign creditors in accordance with clause 1 of Decree No. 95. The requirements have also been waived for controlled foreign […]

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Business

a bad month for Russian assets (Russian DRs conversion in focus) 08/04/2022

Summary For the last 25 years August has been considered a bad month for Russian assets. This is also true for the US and European equity markets, whose turbulence normally drags on into September. The key Russian assets, equities and the ruble, are set to come under pressure this month. Over the last 25 years, […]

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Business

August is a traditional time for turmoil for Russian assets 08/01/2022

The most important For the past 25 years, August has been considered the month of turmoil in the Russian capital market. This assessment is also valid in relation to the world stock market of the US and Europe, the turbulence period of which usually covers September as well. The main Russian assets that will come […]

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Business

Planned technical work July 30, 2022 07/29/2022

= $newDetail[‘spikers’] ?> On Saturday, July 30, 2022, due to scheduled exchange testing on the Moscow Exchange, all our trading systems, including SMARTx, SMARTweb terminals and personal account, will be unavailable. If you use a direct connection to exchange resources, we recommend disabling “combat” gateways and terminals from all trading systems, as test data will […]

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Business

Carrot and stick from the Fed 07/29/2022

Summary On Wednesday, July 27, the Fed raised the key rate by 75 bp to 2.5%, the upper limit of the forecast range. The head of the regulator, Jerome Powell, was generally much softer in his remarks than at the previous two meetings, although at a rate of 2.5%, inflation has already exceeded 9%. The […]

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