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SPDR S&P Russia ETF (RBL)

- NYSEARCA
  • 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
  • Dec. 15, 2014, 5:17 PM
    • Desperate to halt the ruble's plunge and prevent inflation from getting out of control, Russia's central bank has hiked its key interest rate to 17% from 10.5%. The bank is only four days removed from hiking the rate to 10.5% from 8%.
    • The ruble fell 13% today against the dollar. The exchange rate now stands at 65.6.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    • Update (5:53PM ET): For now, the ruble has jumped in response to the rate hike. The dollar exchange rate is back down to 60.1.
    | 25 Comments
  • Dec. 15, 2014, 10:35 AM
    • For the first time ever, it takes more than 60 rubles to buy a dollar after the currency's more than 6% plunge today. Alongside the ruble's disappearance are rising yields on Russian yields providing a double-whammy to energy companies already dealing with crashing oil prices.
    • “There’s just not enough dollars there. Sanctions, capital flight, low oil prices — its feeding into this weakness,” says Win Thin, head of emerging market currency strategy at Brown Brothers Harriman.
    • The Micex is lower by 1.9% on the session. RSX -6.3%
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 15 Comments
  • Dec. 11, 2014, 8:10 AM
    • As expected, the Bank of Russia lifts its benchmark rate by 100 basis points to 10.5%. The ruble slipped another 0.7% to 55.24 per dollar.
    • “This is a spineless decision,” says a Moscow fund manager. “If the central bank’s goal was to defend the ruble, it would’ve raised rates by 2-3 percentage points.”
    • Russian policy makers are running out of options as about $80B spent defending the ruble and rate hikes have failed to stem the currency's depreciation (off 40% this year).
    • In its statement, the central bank vows further increases in interest rates "in case of further aggravation of inflation risks."
    • RSX -1.7% premarket
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 5 Comments
  • Dec. 8, 2014, 10:37 AM
    • Russia's MICEX Index is down 2.9%, as worries about plunging oil prices (coming in the wake of sanctions placed earlier this year) continue taking a toll. WTI crude is down $1.46 today to $64.38, after Morgan Stanley slashed its oil price forecasts.
    • Yandex (YNDX -7.3%), Qiwi (QIWI -6.5%), VimpelCom (VIP -5%), and MTS (MBT -5.5%) aren't faring well in U.S. trading.
    • ETFs: RSX, RUSL, RUSS, ERUS, RBL
    | 10 Comments
  • Dec. 3, 2014, 4:35 AM
    • The Bank of Russia spent $700M trying to ease downside pressure on the ruble this past Monday in its first intervention after switching to the ruble free float on Nov. 10.
    • Prior to Nov. 10, the central bank spent nearly $30B of its reserves to stop the ruble's drop, although the interventions did little to end the decline.
    • The ruble still continued sliding yesterday, and hit an all-time low of 54.34 vs. the dollar Wednesday, as oil heads toward $70/barrel.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 7 Comments
  • Nov. 30, 2014, 5:04 AM
    • OPEC's decision to maintain production despite the bear market in oil has forced Russia not to proceed with its own cuts, Russian First Deputy Prime Minister Igor Shuvalov said on Saturday.
    • With oil and natural gas sales representing half of its budget, the fall in prices has made an even bigger dent in Russia's economy, which is already teetering on the brink of recession.
    • ETFs: USO, OIL, RSX, UCO, SCO, RUSL, BNO, DTO, DBO, RUSS, RSXJ, ERUS, CRUD, UWTI, USL, RBL, DWTI, DNO, SZO, OLO, OLEM, TWTI
    | 61 Comments
  • Nov. 28, 2014, 11:13 AM
    • The ruble hit an all-time low of 49.90 vs the dollar after OPEC yesterday declined to cut production, sending oil plunging below $70 per barrel.
    • Moving to try and stem the decline, the Bank of Russia today announced an extension of time in which $2B currency swap operations are allowed.
    • RSX -4.3%
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Comment!
  • Nov. 24, 2014, 6:43 AM
    • A slump in oil prices and Western sanctions are biting hard at Russia's economy.
    • "We're losing around $40B a year because of geopolitical sanctions, and about $90B-$100B from oil prices falling by 30%," announced Finance Minister Anton Siluanov at a news conference today.
    • The country's Energy Minister, Alexander Novak, said on Saturday that there are no plans to cut oil production to support falling crude prices.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL, RUDR
    | 1 Comment
  • Nov. 22, 2014, 2:06 PM
    | 16 Comments
  • Nov. 19, 2014, 4:32 AM
    • China and Russia have vowed to strengthen bilateral military co-operation and hold joint naval exercises to counter U.S. influence in the Asia-Pacific region.
    • The pledge comes on the heels of yesterday's contentious remarks made by Vladimir Putin.
    • "They (the U.S.) do not want to humiliate us, they want to subdue us," said Putin. "No one in history ever managed to achieve this with Russia, and no one ever will."
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL, RUDR
    | 10 Comments
  • Nov. 16, 2014, 7:09 AM
    • The G20 summit in Brisbane has ended with world leaders committing to a series of measures that would boost their economies by an extra 2.1% by 2018 by promoting infrastructure investment and trade.
    • The summit also included agreements to crack down on tax dodging, strengthen the financial system, deal with climate change and a transatlantic trade deal between the U.S. and EU.
    • Such meetings are typically marked by grandiose promises that are seldom met, so the summit agreed on a new regime, run by the IMF and the OECD, to hold countries accountable if they do not deliver.
    • Vladimir Putin reportedly walked out early from the summit in response to repeated criticism from western leaders over the crisis in Ukraine.
    • The West is now considering further sanctions against Russia, although further "sectoral" sanctions against other parts of country's economy are unlikely this week.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL, RUDR
    | 30 Comments
  • Nov. 14, 2014, 3:32 AM
    • "If Russia takes a positive approach towards Ukraine...we could see those sanctions removed, if Russia continues to make matters worse then we could see those sanctions increased, it's as simple as that," warns David Cameron ahead of Saturday's G20 leaders summit in Australia.
    • The summit will focus on world growth, the global banking system and closing tax loopholes, but with much of the economic agenda agreed upon in Beijing this past week, security concerns are moving to center-stage, setting up a showdown between Western leaders and Vladimir Putin.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL, RUDR
    | 1 Comment
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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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