Market Vectors Russia ETF
 (RSX)

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  • Jun. 15, 2015, 9:19 AM
    • The Bank of Russia today cut its benchmark interest rate by 100 basis points to 11.5%, inline with expectations, though some had expected the bank to match its April cut of 150 bps.
    • Today's was the fourth rate cut this year.
    • Cited by analysts as reason for just a 100 bp cut this time is continuing weakness in the ruble, and sure enough the currency has rallied somewhat in today's session, with the dollar now buying 54.97 rubles vs. 55.15 prior to the move.
    • Even with this year's easing, the central bank's key rate remains 100 basis points above its level in December - prior to an emergency increase to 17% to defend the plummeting currency.
    • The Micex is lower by 0.5%.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Jun. 15, 2015, 9:19 AM
  • Jun. 4, 2015, 4:22 AM
    • Dozens of people were reportedly killed or injured around the city of Donetsk on Wednesday, in one of the bloodiest battles between Ukrainian forces and Russia-backed militias since a fragile ceasefire began in February.
    • "Russia bears direct responsibility for preventing these attacks...any attempts to seize additional Ukrainian territory will be met with increased costs," said Marie Harf, spokeswoman for the U.S. Department of State.
    • The scale of the violence spooked investors, with the Russian stock market falling more than 2.5% and the ruble losing 2% vs. the dollar.
    • ETFs: RUSL, RUSS, ERUS, RSXJ, RBL, RSX -1.5% premarket
    | Jun. 4, 2015, 4:22 AM | 4 Comments
  • May 7, 2015, 9:19 AM
    • "It is probably fair to say that we are known in the market for being bullish China -- some might say permabulls -- so for us this is a big call," says the team at Morgan Stanley, cutting Chinese stocks to Equalweight after having them at Overweight for 7.5 years.
    • "Dramatic recent outperformance has led to a deterioration in absolute and relative valuations and a technically overbought situation," they say, noting there's been little improvement in the underlying economy and earnings revisions have disappointed.
    • Alongside that move, the team downgrades Russia to Underweight, while lifting Taiwan to Overweight.
    • ETFs: FXI, ASHR, CAF, YINN, PGJ, GXC, FXP, YANG, PEK, MCHI, XPP, YAO, YXI, CN, CHXF, FCA, CHNA, KBA, AFTYRSX, RUSL, RUSS, EWT, ERUS, RSXJ, RBL, FTW, QTWN
    | May 7, 2015, 9:19 AM
  • May 4, 2015, 3:28 AM
    | May 4, 2015, 3:28 AM | 5 Comments
  • Apr. 30, 2015, 10:40 AM
    • Responding to a rallying ruble, Russia's central bank cut interest rates for the third time this year - lowering its benchmark rate a full 150 basis points to 12.5% (vs. 100 bps expected). Rates had risen to as high as 17% near the end of last year.
    • Giving the bank room to ease is the strength in the ruble - up 18% this year vs. the dollar after shedding almost half its value in 2014.
    • RSX -0.6%
    • Source: Bloomberg
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Apr. 30, 2015, 10:40 AM
  • Apr. 21, 2015, 6:47 AM
    • Russia's economy contracted about 2% last quarter on an annual basis, Prime Minister Dmitry Medvedev announced on Tuesday, blaming the slump on a plunge in oil prices, the ruble and sanctions imposed over Ukraine.
    • "Today we face not only short-term crisis effects: if external pressure increases while oil prices remain at an extremely low level...we’ll have to develop in a different economic reality," Medvedev said. The downturn was "most acute" at end-2014 and the start of this year, but the situation is now "stabilizing."
    • The decline in gross domestic product is the first since a contraction in 2009.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Apr. 21, 2015, 6:47 AM | 1 Comment
  • Apr. 1, 2015, 6:17 AM
    • Russia's economy will continue on its downward trajectory for the next five years, warned the country's former finance minister at a round table discussion on Tuesday.
    • "Structural reforms were not done in time. This is the most serious challenge facing the president — a stagnating economy at least for the next five years," said Alexei Kudrin, according to a report from Russian business news agency, RBC.
    • "From 2012 to 2018 economic growth will be 1.5% (per year), in the best case - 2%," he added.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Apr. 1, 2015, 6:17 AM | 13 Comments
  • Mar. 24, 2015, 10:43 AM
    • Greece has been "mishandled" from the beginning by all parties, George Soros tells Bloomberg. "It's now a lose-lose game," with muddling through the best possible outcome, and a Greek exit from EMU very much on the table.
    • Most concerning to Soros is the Russian-backed war in eastern Ukraine. The West, he says, needs to move on from sanctions on Russia - which only feeds into Putin's narrative - and instead provide more support for Ukraine.
    • ETFs: RSX, GREK, RUSL, RUSS, RSXJ, ERUS, RBL
    | Mar. 24, 2015, 10:43 AM | 10 Comments
  • Mar. 20, 2015, 4:01 AM
    • Greek Prime Minister Alexis Tsipras agreed to speed up his economic reform plans at late-night crisis talks in Brussels, while a joint statement by the EU creditors following the meeting spoke of a "spirit of mutual trust."
    • Also at the summit: EU leaders decided to keep sanctions on Russia in place until the end of this year at the earliest, linking them to the "complete implementation" of a Ukraine ceasefire deal.
    • ETFs: RSX, GREK, RUSL, RUSS, RSXJ, ERUS, RBL
    | Mar. 20, 2015, 4:01 AM | 4 Comments
  • Mar. 19, 2015, 11:23 AM
    | Mar. 19, 2015, 11:23 AM
  • Mar. 13, 2015, 7:03 AM
    • Russia cut its main interest rate once again today, slashing its key rate by 1 percentage point to 14%. It comes after the rate was lowered to 15% from 17% at the end of January.
    • Russia's broader economy has been hard hit by economic sanctions following its annexation of Crimea and its role in the Ukraine crisis, as well as a sharp decline in global oil prices.
    • Over the last 12 months, the ruble has weakened close to 70% against the dollar, and inflation came in at 16.7% in February, posing further troubles for the country.
    • ETFs: RUSS, RSXJ, ERUS, RBL, RSX -0.4%, RUSL -0.8% premarket
    | Mar. 13, 2015, 7:03 AM | 1 Comment
  • Feb. 22, 2015, 7:19 AM
    • Nearly a week after a ceasefire was supposed to have gone into effect in Ukraine, Secretary of State John Kerry said on Saturday that he and his British counterpart, Philip Hammond, would discuss additional sanctions in response to Russia’s "brazen" violations of the agreement.
    • "We know to a certainty what Russia has been providing to the separatists," announced Kerry. "We’re not going to sit there and be part of this kind of extraordinarily craven behavior at the expense of the sovereignty and integrity of a nation."
    • Russia’s credit rating was cut to below investment grade by Moody’s Investors Service on Friday, joining Standard & Poor’s in ranking the country’s debt as junk.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Feb. 22, 2015, 7:19 AM | 109 Comments
  • Feb. 20, 2015, 4:48 PM
    • A month after downgrading Russia's debt rating to the brink of junk status (Baa3), Moody's has taken things a step further and downgraded to Ba1, with a negative outlook. The ratings agency notes Russia is "expected to experience a deep recession in 2015 and a continued contraction in 2016."
    • S&P downgraded Russia to junk on Jan. 26. Fitch downgraded to the brink of junk on Jan. 9.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Feb. 20, 2015, 4:48 PM | 4 Comments
  • Feb. 18, 2015, 4:46 AM
    • The U.S. has directly accused Russia of violating the ceasefire in Ukraine, amid reports that some Ukrainian troops are pulling out of the strategic rail hub of Debaltseve.
    • Separatist forces fought their way into the key railway junction on Tuesday despite a ceasefire which came into effect earlier this week.
    • Strongly condemning the violence, Joe Biden warned the "costs to Russia will rise" if it "continues to violate the Minsk agreements."
    • Yesterday, Ukraine posted a fall in GDP of 15.2% Y/Y in the fourth-quarter.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Feb. 18, 2015, 4:46 AM | 7 Comments
  • Feb. 16, 2015, 4:52 AM
    • The EU has placed more Ukrainian and Russian people and organizations under sanctions today, accusing them of "undermining or threatening" Ukraine's independence.
    • The move comes just days after a new cease-fire agreement was announced in Minsk, although several reports have surfaced that some of the rebels have not observed the truce.
    • Russian share indexes opened lower this morning. The MICEX is now down by 1.9%, while the dollar-based RTS is down 0.8%.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Feb. 16, 2015, 4:52 AM | 4 Comments
  • Feb. 12, 2015, 5:45 AM
    • A ceasefire between Russia and Ukraine has been agreed starting February 15, said Vladimir Putin in Minsk, as a 17 hour, four-way meeting between Russia, Ukraine, France and Germany concluded.
    • The new deal revived a failed September ceasefire agreement, with commitments from each side to pull back heavy weapons, as well as greater autonomy for separatist regions in eastern Ukraine.
    • The ruble gained about 1% against the dollar following the news; the RTS index is up 4.7%.
    • Previously: 'No good news yet' from Ukraine meeting (Feb. 12 2015)
    • ETFs: RSXJ, ERUS, RBL, RUSL +6.8%, RUSS -3.5%, RSX +2.7% premarket
    | Feb. 12, 2015, 5:45 AM | 32 Comments
RSX Description
The Russia ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Russia Index. The Index provides exposure to publicly traded companies that are domiciled in Russia, and traded in Russia and/or on leading global exchanges. As such, the Fund is subject to the risks of investing in this country.
See more details on sponsor's website
Country: Russia
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