Seeking Alpha
 

SPDR S&P Russia ETF (RBL)

- NYSEARCA
  • Oct. 31, 2014, 9:49 AM
    • The Russian central bank boosted its benchmark rate by 150 basis points to 9.5%, way past market expectations.
    • The move comes following the ruble's fall this week to an all-time low vs. the dollar, but the ruble - after initially popping 1% on the hike - has plunged another 3%.
    • Equity markets showed little reaction, the Micex up 1.3%, about the same as it was before the rate decision.
    • RSX -0.4%
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL, RUDR
    | 4 Comments
  • Oct. 30, 2014, 6:42 PM
    • Russia and Ukraine sign an agreement the parties say will guarantee the flow of Russian gas exports into Ukraine through the winter, following a long and bitter dispute over payments.
    • European Union energy chief Guenther Oettinger, who brokered the deal, says "we can guarantee a security of supply over the winter," not only for Ukraine but also for the EU nations closest to the region that stood to suffer should the conflict in Ukraine worsen.
    • ETFs: RSX, RUSL, RUSS, ERUS, RBL, RUDR
    | 6 Comments
  • Oct. 20, 2014, 3:19 PM
    • Things are volatile out there. Just seven weeks after recommending investors unload Russian stocks, Morgan Stanley does a 180, calling the country a "tactical" buy, i.e. don't buy and sock away in a drawer.
    • “We do not have cause to believe the [Ukraine] situation is deteriorating, and worst case outcomes (such as additional sanctions) now appear a less likely scenario," says Morgan equity strategist Ronan Carr. The Market Vectors Russia ETF (RSX -1%) is lower by 12.2% since Morgan's August 29 sell recommendation.
    • The team at JPMorgan, on the other hand, which has advised selling Russia since July, continues to hold that opinion, noting de-escalation in Ukraine could be six  months to a year out, and sanctions won't be lifted until after that.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL, RUDR
    | 5 Comments
  • Oct. 18, 2014, 3:23 PM
    • Moody's downgrades government of Russia's debt rating by one notch to Baa2 from Baa1 and maintains Negative outlook.
    • Key drivers for the downgrade: "i) Russia's increasingly subdued medium-term growth prospects, exacerbated by the prolongation of the Ukraine crisis, including through the impact of expanded international sanctions. ii) The gradual, but ongoing erosion of the country's foreign-exchange buffers due to capital flight, Russian borrowers' restricted international market access and low oil prices."
    • "Given the negative outlook on the rating, Moody's sees limited upward pressure in the next 12-18 months. A stabilization of the rating outlook could be triggered by a resolution of the crisis in Ukraine."
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL, RUDR
    | 22 Comments
  • Oct. 15, 2014, 12:09 PM
    • During a three-day visit to Moscow that ended yesterday, China and Russia signed 38 new deals, including a big expansion in Russian gas sales to China; Russian Pres. Putin sealed a $400B gas contract with China in May, but the fresh deal reportedly would double that (OTCPK:OGZPY).
    • New projects include a reported $10B Chinese commitment to upgrade Russia's railroads, a "strategic partnership" between Russia's Rosneft (OTC:RNFTF) and China's CNPC (NYSE:PTR), joint development of a long-haul passenger jet, and a deal to open a yuan-ruble swap line worth $24B in an apparent bid to reduce dependence on the U.S. dollar.
    • It's a golden opportunity for China to leverage Russia's political problems with the West and nail down long-term oil and gas contracts at bargain prices, experts say.
    • ETFs: FXI, RSX, PGJ, RUSL, GXC, YINN, FXP, RUSS, ERUS, YANG, CHIX, MCHI, XPP, RBL, YAO, YXI, CHXF, FCA, CHIE, CN, RUDR
    | 14 Comments
  • Oct. 13, 2014, 4:33 AM
    • Russia's central bank has spent $4.2B since the start of October in trying to defend the ruble, including $866M on Thursday last week. However, that didn't stop the currency hitting an all-time low of 45.27 on Friday.
    • With the economy so reliant on the energy sector, sliding oil prices have hurt the ruble, as has the need for Russian companies to pay back foreign debt. The international sanctions imposed because of the Ukraine crisis are also a factor.
    • Analysts reckon that the central bank will have to further raise interest rates to try to protect the ruble - the bank has increased rates by 2.5 percentage points since March.
    • The ruble is flat at 40.376 to the dollar, while the Micex stock index is -0.6%.
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | Comment!
  • Oct. 7, 2014, 10:36 AM
    • The $1.75B spent over the last two days would be the central bank's largest intervention since President Putin's shenanigans began in Ukraine last March.
    • The ruble, nevertheless, weakened to a new record low of 44.6234 to the dollar today as Russian companies - locked out of Western debt markets by sanctions - scramble for hard currency amid $54.7B of payments coming due in the next three months.
    • The MICEX slipped 0.9% today.
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | 2 Comments
  • Oct. 6, 2014, 7:33 AM
    • The Bank of Russia says it targets no specific ruble rate and plans to let the currency float freely beginning next year, but faces at least some pressure as the free-fall continues - it now takes more than 40 rubles to buy a dollar (vs. the low 30s at the start of this year).
    • Official data says the Russian central bank spent at least $700M trying to protect the ruble last week.
    • Feeding the issue today is Friday's strong employment report in the States, which boosted the idea of an earlier than expected Fed rate hike.
    • The Micex isn't complaining, up 2.3% on the session.
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | 2 Comments
  • Sep. 17, 2014, 3:15 AM
    • Hours after Kiev granted "special status" to eastern regions of the country and granted them limited self rule, Ukraine and the EU ratified their long awaited association and free trade agreement, which sparked the Ukrainian revolution last February.
    • Following the signing, President Poroshenko announced that by ratifying the agreement, the country had set course for its membership into the EU. However, Ukraine postponed the deal's implementation until December 2015, facing immense pressure from Russia.
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | 2 Comments
  • Sep. 14, 2014, 10:31 AM
    • Russian Finance Minister Anton Siluanov has announced that some of Russia's $85.3B National Welfare Fund, which is meant for infrastructure investments, could be given to major companies that now face constrained access to Western resources and capital.
    • Rosneft (OTC:RNFTF) and Novatek (OTC:NOVKY) will be first in line for the financial aid, added Siluanov. Rosneft previously stated last month that it needed 1.5T rubles ($39.7B) in aid from the government to withstand Western sanctions.
    • The sanctions are already taking a heavy toll on Russia's economy, with the Bank of Russia revising its economic forecasts last week, stating that if a drop in oil prices accompany the geopolitical tensions, the country's economy could likely stagnate in the next three years.
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | Comment!
  • Sep. 12, 2014, 10:32 AM
    • Sberbank - Russia's largest lender - is added to the sanctions list and will be blocked from accessing U.S. debt markets for financing any longer than 30 days. Five Russian state-owned defense-technology firms are also now under sanction.
    • Sanctions now restrict anything other than financial services to five firms in the Russian energy sector, including Gazprom (OTCPK:OGZPY), Lukoil (OTCPK:LUKOY), and Rosneft (OTC:RNFTF).
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | 2 Comments
  • Sep. 5, 2014, 6:05 AM
    • The EU will wait to implement a new round of economic sanctions against Russia should Moscow respect a ceasefire agreement to be unveiled this morning between Ukraine and pro-Russian separatists.
    • It is still unclear to what agreement President Petro Poroshenko and the main rebel leader will come to, or to how long Russia will have to show its commitment before sanctions would be imposed.
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | 1 Comment
  • Sep. 3, 2014, 4:51 AM
    • Russian stocks are soaring following President Poroshenko's and Vladimir Putin's permanent ceasefire agreement in the Donbass region of eastern Ukraine.
    • The dollar-denominated RTS index is up 4.4% at 1229.58, while its ruble-based peer MICEX is 2.8% higher at 1,439.58.
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | 1 Comment
  • Sep. 1, 2014, 4:31 AM
    • Vladimir Putin has called for immediate talks on the "statehood" of southern and eastern Ukraine, although his spokesman Dmitry Peskov said this does not mean that Moscow endorses rebel independence on the territory they have seized.
    • The announcement comes as the EU and U.S. prepare for another round of sanctions on Russia due to their increased military involvement in Ukraine.
    • Meanwhile, Australia has issued new sanctions on Moscow, restricting arms exports and the access of Russian state-owned banks to the Australian capital markets. The new restrictions build on the financial sanctions and travel bans enacted by Australia in March.
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | 12 Comments
  • Aug. 31, 2014, 10:29 AM
    • EU leaders are planning to formulate options within a week for new sanctions against Russia, should Moscow not back down from its involvement in the Ukraine crisis.
    • "Should the situation stay as we see it today, or should there be further escalation, sanction in the areas the commission has looked at up until this point, such as on the energy and financial sector, will be heightened," says German Chancellor Angela Merkel.
    • Until 72 hours ago, EU leaders weren't expected to take any action against Russia. However, fresh news of rebel gains and a NATO warning that stated Russia had moved "well over 1,000 troops" across the border have prompted the EU to consider its next round of additional sanctions.
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | 10 Comments
  • Aug. 29, 2014, 8:10 AM
    • Ukrainian PM Arseny Yatseniuk pressed the IMF on Friday to free up the next tranche of a $17B loan as an escalation of pro-Russian fighting plagues the country's east.
    • Ukraine has complied with the conditions for the two-year aid package, which is planned to shore up depleted foreign currency reserves and support the state budget.
    • Ukraine received the first tranche of about $3B in May and the IMF board will meet later today to decide whether to approve of the next disbursement (likely to total $1.4B).
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | 2 Comments
Visit Seeking Alpha's
RBL vs. ETF Alternatives
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.
See more details on sponsor's website
Country: Russia
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub