Direxion Daily Russia Bull 3X ETF
Latest Direxion Daily Russia Bull 3X ETF News and Updates
Russian Consumer Confidence Is on the Rise
Several macroeconomic indicators are suggesting that the Russian (RSX) economy is improving.
Russia’s Manufacturing PMI Improved in December 2017
According to a report by Markit Economics, the final Russia manufacturing PMI (purchasing managers’ index) improved in December as compared to November 2017.
Russia’s Manufacturing PMI Improved Marginally in September
The final Russia Manufacturing PMI (Purchasing Managers’ Index) rose marginally in September 2017. It was 51.9 in September compared to 51.6 in August.
Why Consumer Confidence Improved in Russia in June 2017
Many macroeconomic indicators in Russia (ERUS) are showing signs of improvement in 2017.
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.
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.
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.
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%.