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SPDR S&P Russia ETF (RBL)

- NYSEARCA
  • Dec. 29, 2014, 9:30 AM
    • Amid the sharp fall in oil prices, the collapse of the ruble and western sanctions, Russia’s economy ministry announced today that the country's GDP shrank by 0.5% in November compared to the same month last year.
    • The ruble weakened by almost 6% in early Moscow trading to 58.56 against the dollar before paring some of its losses. The currency is now trading at 56.18 against the dollar.
    • Several steps have been taken to prop up the ruble in the last few weeks, including an interest rate increase and the sale of foreign currency reserves.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 17 Comments
  • Dec. 26, 2014, 7:08 AM
    • If oil prices average $60/bbl next year, the Russian economy could contract by 4% and the budget could have a deficit of more than 3% of GDP announced Finance Minister Anton Siluanov on Friday.
    • Siluanov also told journalists that he expected the ruble's average exchange rate to be around 51 rubles per dollar in 2015.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 12 Comments
  • Dec. 26, 2014, 3:55 AM
    • Announcing that Ukraine's pursuit of NATO membership posed a danger to European security, Russian Foreign Minister Sergei Lavrov accused the West of using Kiev's bid as a way to fuel confrontation between Russia and Ukraine.
    • Russia has been facing economic troubles due to sanctions over the situation in Ukraine and low oil prices, and announced yesterday that it faced a higher than planned budget deficit for next year.
    • The ruble rose as much as 0.86% against the dollar today at 52.1, its strongest level in more than three week, as the government rolled out new steps to combat its decline, such as ordering exporters to sell some of their hard currency.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Comment!
  • Dec. 25, 2014, 9:16 AM
    • Russia is facing a considerably higher deficit next year than planned as the economy slides toward recession, announced Finance Minister Anton Siluanov to reporters in Moscow.
    • "If incomes are lower and the main spending is fully financed, then we’ll have to use reserves and increase the deficit," said Siluanov. "One year with a deficit isn’t so scary, the most important thing is to prepare future budgets."
    • On top of U.S. and European sanctions over the situation in Ukraine, Russia has taken a big hit from low oil prices, it’s biggest source of revenue.
    • According to the central bank’s stress scenario, the country's GDP may also shrink by at least 4.5% in 2015 if crude averages $60/bbl.
    • Previously: Russian Finance Ministry says ruble instability is over (Dec. 25 2014)
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 1 Comment
  • Dec. 25, 2014, 3:54 AM
    • Russia's Finance Minister Anton Siluanov said today he believed a period of instability on the domestic currency market was over.
    • Siluanov added that the central bank could lower its key interest rate if the stability persisted.
    • The ruble is up over 2% against the dollar at 52.57.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 5 Comments
  • Dec. 24, 2014, 2:05 AM
    • Russia may lose its investment-grade credit rating for the first time in a decade after Standard & Poor’s placed the country on CreditWatch Negative.
    • The move "stems from what we view as a rapid deterioration of Russia’s monetary flexibility and the impact of the weakening economy on its financial system," the agency said in a statement.
    • S&P will resolve the CreditWatch upon the conclusion of its review, which is expected by mid-January.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 5 Comments
  • Dec. 23, 2014, 4:29 AM
    • Russian Prime Minister Dmitry Medvedev has signed an order forcing the country's largest state exporters to sell part of their foreign currency revenues to help stabilize the ruble, Kommersant daily newspaper reports.
    • The paper added that the government has sent orders to gas firm Gazprom (OTCPK:OGZPY), oil firms Rosneft (OTC:RNFTF) and Zarubezhneft and diamond producer Alrosa.
    • The ruble is up 2% against the dollar today at 54.55, following yesterday's gains.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 25 Comments
  • Dec. 22, 2014, 3:34 AM
    • China has stepped in to offer assistance to Russia as Vladimir Putin pursues support for the ruble without further depleting foreign-exchange reserves.
    • China will prop up its neighbor if needed and expand a currency swap between the two nations, increasing use of yuan for bilateral trade.
    • The ruble strengthened 5% against the dollar today amid the signs of Chinese support.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 10 Comments
  • Dec. 19, 2014, 1:45 PM
    • SPDR S&P Russia (NYSEARCA:RBL) announces semi-annual distribution of $0.649.
    • 30-Day Sec yield of 3.91% (as of 12/17/2014).
    • Payable Jan 2; for shareholders of record Dec 23; ex-div Dec 19.
    | Comment!
  • Dec. 19, 2014, 4:25 AM
    • Russia's ruble strengthened today after Finance Minister Anton Siluanov confirmed his ministry had sold foreign currency and on expectations that exporters will step up dollar sales.
    • Siluanov said he was also certain that the ruble would firm at the beginning of next year.
    • Russia's central bank has spent over $80B defending the currency in 2014 amid a collapse in oil prices and Western sanctions over Ukraine.
    • The ruble is 2.3% stronger against the dollar at 60.22.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Comment!
  • Dec. 18, 2014, 5:45 AM
    • Addressing Russia in his annual speech, Vladimir Putin said that the country's current economic difficulties could last for the next two years but the situation could improve faster.
    • Putin also declared that the central bank and government were taking adequate measures to support the ruble and that Russia's current economic situation was caused by external factors, mainly from the price of oil and gas.
    • The ruble is more than 2% weaker on the day at 61.72 against the dollar.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 8 Comments
  • Dec. 17, 2014, 7:55 AM
    • Rosneft's (OTC:RNFTF) Igor Sechin is denying that the company’s bond sale last week helped drive the ruble’s collapse.
    • In the wake of the 625B ruble bond issue, speculation has built that Rosneft will use the proceeds to help repay U.S. dollars to foreign creditors, contributing to a swift decline in the currency; the company must repay a loan of nearly $7B by Sunday.
    • The same day Rosneft sold its ruble bond, the Bank of Russia announced its 700B-ruble liquidity auction; the next day, the bank added Rosneft securities to a list of bonds which may serve as collateral for the central bank’s loans.
    • While the free-falling ruble has been a symbol of Russia’s economic crisis, it has also been acting as a shield for the country’s oil and gas companies, which are benefiting from earning dollars while paying for expenses in rubles.
    • ETFs: RSX, RUSL, RUSS, ERUS, RBL
    | 1 Comment
  • Dec. 17, 2014, 5:10 AM
    • The ruble has started bouncing back against the dollar, following the the Russian Finance Ministry's move to begin selling its leftover foreign-currency stock.
    • Russia's central bank has conducted over $80B in forex market interventions this year to defend the ruble, which has been hammered by sliding oil prices, western sanctions and the geopolitical tension over Ukraine.
    • The ruble is up 0.8% against the dollar at 68.32.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 1 Comment
  • Dec. 17, 2014, 3:48 AM
    • President Obama is expected to sign legislation by the end of the week implementing new sanctions on Russia over the Ukraine crisis.
    • The additional sanctions will hit the Russian weapons and energy sector, hammering an economy that is already being battered by a fall in oil prices and a plunging currency.
    • The ruble dropped to record lows yesterday, falling as much as 20% against the dollar despite the Russian central bank’s move to raise interest rates to 17%.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 14 Comments
  • Dec. 16, 2014, 7:24 AM
    • The ruble briefly rallied to 60 to the dollar in wake of last night's surprise rate hike all the way to 17%, but the currency has quickly resumed its plunge - it now takes 73 rubles to buy a dollar vs. 65 just ahead of the rate increase.
    • The Micex is ahead 2.5%, but the RSX - priced in dollars - is lower by 7.8% premarket.
    • As for oil. brent crude (NYSEARCA:BNO) has plunged below $60 per barrel for the first time in five years.
    • Previously: Russia hikes interest rate to 17% in attempt to halt ruble's plunge (Dec. 15, 2014)
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 15 Comments
  • Dec. 16, 2014, 3:39 AM
    • After hiking interest rates to 17% from 10.5% in an emergency midnight move, Russia's central bank seems to have halted the ruble's collapse for now.
    • The currency fell more than 10% yesterday, its worst intraday drop against the dollar since the 1998 financial crisis. The ruble last traded at 63.48 rubles per dollar, compared to 65.50 before the announcement.
    • Hammered by sliding oil prices, western sanctions and geopolitical tension over Ukraine, the currency has lost about 50% of its value against the dollar this year.
    • Russia's central bank also increased the maximum volume of foreign currency it offers banks at repo auctions to $5B from $1.5B.
    • RSX +3.5%, RUSL +11.3%, RUSS -11.2% After hours
    • ETFs: RSXJ, ERUS, RBL
    | 3 Comments
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RBL Description
The SPDR® S&P® Russia ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the S&P Russia Capped BMI Index (ticker: SPCQXRUP). Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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Country: Russia
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