iShares MSCI Russia ETF
Russia’s GDP Is Back to Positive Territory
The recovery of oil prices in the second half of 2016 has helped the Russian economy recover from negative growth in 4Q16.
Taiwan’s Economy Expands, Russia Keeps Rates Unchanged
Taiwan’s economy came out of the recessionary phase. The GDP for 2Q16 grew by 0.69%—compared to a contraction of 0.68% in the previous quarter.
Why the Ruble Is on the Rise
The recovery of oil prices in the latter half of 2016 has helped the Russian ruble to appreciate along with improved exports.
Russian GDP Continues to Fall, Taiwan’s Export Orders Drop
The Russian economy fell by 0.6% on an annual basis in July—compared to Market expectations of a 1.0% decline and lower than a decline of 0.5% in June.
Russian Consumer Confidence Is on the Rise
Several macroeconomic indicators are suggesting that the Russian (RSX) economy is improving.
Falling Crude Prices Dragged Russia’s Trade Surplus in November
With Russia’s falling trade surplus, the iShares MSCI Russia Capped ETF and the Direxion Daily Russia Bull 3X ETF have fallen 16.6% and 60.9%, respectively.
Why Western sanctions may have catastrophic effects on Russia
On July 16, the US imposed additional sanctions against Russia for continuing to support pro-Russian separatists in Ukraine.
Are Russian ETFs Outperforming the Emerging Market Index in 2017?
Russia’s market performance has been affected by geopolitical crisis in Ukraine and Syria since 2014.
Why dark clouds surround the investment climate in Russia
The International Monetary Fund has forecasted that the flight of funds from Russia this year will amount to ~$100 billion—it has already become difficult to acquire capital in Russia itself.
How Are Russian Equities Responding to Oil Prices in 2017?
Improved industrial production and exports in Russia (RSX) have helped to lift the country’s economic activity in 2017.
Why Russia’s Services PMI Weakened in May 2018
According to a report by Markit Economics, Russia’s service PMI weakened in May as compared to April.
Why Russia’s Services PMI Rose in April
Russia’s services PMI rose sequentially in April. It was 55.5 in April compared to 53.5 in March.
What Helped Russia’s Services PMI See Strong Gains in February?
Russia’s service PMI (purchasing managers’ index) improved strongly in February 2018.
Russia’s Service Activity Decline: A Cause for Concern?
Russia’s service activity in January 2018 According to Markit Economics, Russia’s service PMI (purchasing managers’ index) has been declining gradually since November 2017. It fell to 55.1 in January 2018 from 56.8 in December 2017, missing the market expectation of 56. The decline in Russia’s service PMI in January was mainly due to the following: production output […]
How Russia’s Service Activity Looked in December 2017
According to a report by Markit Economics, Russia’s service PMI (purchasing managers’ index) showed a weaker improvement in December as compared to November 2017.
Why Russia’s Service Sector Strengthened in November 2017
Russia’s service sector in November According to a report by Markit Economics, Russia’s service PMI (purchasing managers’ index) showed a solid improvement in November 2017, rising to 57.4 from 53.9 in October. The figure beat the market expectation of 55.0 and marked the highest rise since January 2017. The strong improvement in Russia’s service PMI […]
How Russia’s Services PMI Trended in October 2017
According to a report by Markit Economics, the final Russia Services PMI (purchasing managers’ index) fell in October 2017 as compared to September.
Russia’s Services PMI Improves: A Stronger Business Climate?
The final Russia Services PMI (Purchasing Managers’ Index) was 55.2 in September 2017 compared to 54.2 in August 2017.
Could New Sanctions Impact Russia’s Manufacturing Activity?
Improvement in operating conditions in Russia In July 2017, operating conditions in Russia improved at the fastest pace since January 2017. The Russian PMI (purchasing managers’ index) increased to 52.7 from 50.3 in June 2017. New orders and output saw the strongest expansion, each reaching a six-month high. The surprising improvement in the manufacturing sector comes […]
Russian Business Confidence Remains Steady in June 2017
Business confidence in Russia (ERUS) in June 2017 continued to be stable month-over-month and higher than it was last year during this time.
Russian Service Sector Activity Fell in June but Is Still Strong
Business activity in Russia’s (ERUS) service sector continued to increase in June but at a slower pace than the previous month.
Why Consumer Confidence Improved in Russia in June 2017
Many macroeconomic indicators in Russia (ERUS) are showing signs of improvement in 2017.
How Has the Ruble Performed in July 2017?
The Russian ruble (ERUS) tends to move in line with crude oil prices (USO) (UCO).
Is Russia’s Current Account Deficit in June Temporary?
Russia’s (ERUS) current account recorded a $0.3 billion gap in 2Q17 as compared to a $23.3 billion surplus in the previous quarter and a $2 billion surplus in the same period.
Inflation in Russia Moved away from Target Rate in June 2017
The consumer prices in Russia (ERUS) rose 4.4% on a year-over-year basis in June 2017 following a 4.1% rise in the previous month.
Why Russian Manufacturing Activity Fell in June 2017
Manufacturing activity in Russia dropped to 50.3 in June 2017 compared to 52.4 in May.
Could Global Manufacturing Activity Improve as It Enters 3Q17?
The JPMorgan Global Manufacturing PMI remained stable at 52.6 in June 2017. A consistent number indicates steady improvement in global manufacturing operating conditions in June compared to May.
Is Argentina Outperforming Emerging Markets in June 2017?
The Merval Index, Argentina’s benchmark index, has risen about 10.5% so far in 2017 as of June 23.
Is Russia’s Manufacturing Activity Back on Track in May 2017?
The Markit Russia manufacturing PMI increased to 52.4 in May 2017 compared to 50.8 in April 2017.
Are Russian Equities Feeling the Slump in Oil Prices in 2017?
The Russian economy seemed to overcome the worries of Western sanctions and the slump in oil prices when Russian equities soared last year.
Is Business Confidence in Russia Improving in 2017?
Business confidence in Russia (ERUS) continued to show a sign of stability in May 2017 as confidence levels remained steady.
Russian 2017 GDP Is Still in Positive Territory
The Russian economy (ERUS) is back to positive growth after two years of recession, mainly due to sanctions and lower oil prices.
Is Russia’s Manufacturing Sector Losing Momentum?
Russia’s manufacturing activity improved at a slower pace in April due to weaker demand. Growth in output and new orders slowed to eight-month lows.
Russian Economy Gains Traction as Inflation Nears Target
Russia’s central bank recently lowered its key interest rate by half a percentage point to 9.25% in April 2017.
Will Argentina Be Upgraded to an Emerging Market in 2017?
The recent rally in Argentina’s Merval Index (ARGT) reflects improved access to Argentina’s markets with a host of reforms adopted by President Mauricio Macri.
Can Indonesia Remain an Emerging Market Favorite amid Religious Tension?
The Indonesian economy is steadily growing, fueled by strong domestic consumption and efforts by its government to instigate pro-market reforms.
Did IMF Slash Turkey’s Growth Outlook amid Political Tensions?
Political uncertainty, a fall in tourism, weak corporate profitability, and credit growth are expected to impact Turkey’s (TUR) growth in 2017.
Emerging Market’s Increasing Share in Global Growth and Its Impact
The improved growth in emerging markets was led by a cyclical recovery in Brazil (EWZ) and Russia (ERUS).
Why the IMF Expects Brazil and Russia to Remain in Recession
The IMF expects the economy of Brazil to fall 3.3% in 2016, following its 3.8% decline in 2015.
Swedish Inflation at a 4-Year High, Russian GDP Contraction Eases
Consumer prices in Sweden rose by 1.1% in July on an annual basis. It was the highest recorded inflation in Sweden since April 2012.
Why Are China and Russia Selling US Debt?
China and Russia are selling U.S. Treasuries to prop up their currencies, which lost a lot of value against the dollar last year.
Russia Must Develop a Sustainable Long-Term Economic Growth Model
Undoubtedly, Russia is the BRIC member with the most to gain from recovering oil prices.
How the Weak Ruble Is Affecting Russian Oil Companies’ Cash Flows
Lukoil’s free cash flow has gone up by 372% in 4Q15 compared to 4Q14 in ruble terms.
Why Has the Stronger Dollar Affected Russian Oil Giants?
Cash reserves for Lukoil (LUKOY), the second-largest oil-producing company based in Russia (RSX)(ERUS), went up by 372% in 4Q15 compared to 4Q14.
Oil Is Fueling Russian Stocks and Funds
Unlike Brazil, the rise in Russian stocks has a fundamental factor: the rise in crude oil prices (USO).
Saudi Arabia: A Supreme Power in the Crude Oil Market
Saudi Arabia accounts for about 12.9% of the world’s total crude oil production. It accounts for about 31% of OPEC’s production.
Constant Turmoil: Analyzing Geopolitical Tensions in Turkey
Gazprom PAO is closely related to the geopolitical tensions in Turkey. Instability in Turkey raises questions about the gas pipeline from the Middle East.
Why the EU Wants to Limit Its Dependence on Russian Gas
The differences between the EU (FEZ) and Russia (ERUS) are growing at a larger pace. The EU supported Turkey when authorities shot down a Russian plane.
Russian Manufacturing Contracts in December
According to Markit, Russia’s manufacturing PMI (purchasing managers’ index) declined by 1.4 points and came in at 48.7 in December, as compared to 50.1 in November 2015.
How Rising Inflation Is Affecting the Russian Economy
Like Brazil (EWZ), Russia (RUSL) (ERUS) is also struggling with high inflationary pressure. For the September quarter, Russian GDP (gross domestic product) fell 0.57%.
Russia’s Manufacturing PMI Was Little Changed in November
Russia accounts for about 1.8% of the world’s GDP, and manufacturing activity accounts for ~15% of Russia’s GDP. Russia’s manufacturing PMI declined slightly to 50.1 in November, compared to 50.2 in October.
Russia’s Trade Surplus Falls along with Crude Oil Prices in August
According to the Central Bank of Russia, the goods and services surplus fell to $8.7 billion in August 2015, compared to $16.2 billion a year ago.
Why Russia may need capital control measures to save the ruble
In addition to the recent interest rate hike, Putin may need to exercise capital control measures in order to cushion Russia’s depreciating ruble.
Contraction and a falling ruble magnify Russia’s crisis
The GDP in Russia contracted for the first time since 2009 in November 2014. Consequently, the Russian ruble fell by about 14% against the dollar.