Direxion Daily Russia Bull 3X ETF
Why Russia’s Industrial Production Fell in September
According to the Federal State Statistics Service, Russia’s industrial production index (IIP) fell to 3.7% in September, compared to a fall of 4.3% in August 2015, YoY.
Sanctions Imposed by the West Have Fueled Inflation in Russia
The depreciating ruble, along with Western sanctions, has been fueling inflation in Russia. Russia imports large amounts of food, high-tech equipment, and cars.
Turkey and Russia at Odds in the Syrian Crisis: Market Impact
The current geopolitical tension between Turkey (TUR) and Russia (RSX) (RUSS) stems from the ongoing Syrian crisis. Turkey and Russia support different sides in Syria’s civil war.
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.
Russian Ruble Fell against the US Dollar, Policy Didn’t Change
The ruble fell against the US dollar on December 11, 2015, after a free fall in crude prices globally. Higher inflation levels have been hurting the economy.
A Look at Russia’s Manufacturing Activity in January 2018
Russia’s manufacturing activity in January According to Markit Economics, Russia’s manufacturing PMI (purchasing managers’ index) improved marginally between December 2017 and January 2018, to 52.1 from 52.0. The January figure met the market estimate of 52.0 and was the strongest reading since July 2017. Factors affecting Russia’s manufacturing PMI in January were as follows: production volume and output […]
Why Russia’s Manufacturing PMI Is Gradually Contracting
The final Russia Manufacturing PMI has again entered into the contraction zone in June after showing a huge contraction in May.
Why Russia’s Manufacturing PMI Contracted in May
According to a report by Markit Economics, the final Russia Manufacturing PMI was in the contraction zone in May.
Russia’s Manufacturing PMI Gradually Improving: What That Means
The final Russia manufacturing PMI has been improving since February. It was 51.3 in April compared to 50.6 in March.
Russia’s Manufacturing Activity Improves in March
According to Markit Economics, Russia’s manufacturing PMI (purchasing managers’ index) improved marginally in March, rising to 50.6 from 50.2 in February.
Russia’s Manufacturing PMI Fell Drastically in February 2018
The final Russia manufacturing PMI (purchasing managers’ index) fell drastically in February as compared to January 2018.
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 Activity in November
Russia’s manufacturing activity in November According to a report by Markit Economics, Russia’s manufacturing PMI (purchasing managers’ index) improved between October and November, rising from 51.1 to 51.5. The November figure met the market estimate of 51.5. Russia’s manufacturing PMI was affected by the following: production volume and output improved marginally new business orders rose at the fastest rate […]
Why Russia’s Manufacturing PMI Weakened in October 2017
According to a report by Markit Economics, the final Russia Manufacturing PMI (purchasing managers’ index) fell marginally in October as compared to September 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.
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.
Inflation in Russia Continues to Be Low in 2017
Inflation in Russia (ERUS) remained steady in May 2017. The only rise was in the price of food compared to the previous month.
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.
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.
A Depressed Outlook for the Russian Ruble in 2016
The Russian ruble dropped to an all-time low against the US dollar towards the end of 2015.
The Slide in Oil Prices Impacted Russia’s Budget Revenues
The decline in oil prices is a result of the price war between US shale oil producers and OPEC, where each is pumping oil into the market—leading to oversupply—in an attempt to retain market share.
Russia Beat Emerging Markets despite Oil, Sanctions, and War
ETFs that track Russian equity have had a good run in 2015 relative to other emerging markets (such as Brazil, India, and China.
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.
Sinking Oil Prices Rattled Stock Markets and Russia’s GDP Growth
Because of the supply glut in oil, prices fell steeply, affecting energy stocks and Russia’s GDP growth rate. Oil is currently priced at ~$42 per barrel.
Why Economic Growth in Russia Fell by 4.3% in September
According to the Federal Service of State Statistics, the gross domestic product (or GDP) of Russia has fallen 4.3% for the third quarter.