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SPDR S&P Russia ETF (RBL)

- NYSEARCA
  • Thu, Apr. 30, 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
    | Comment!
  • 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. 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. 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
  • 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!
  • 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!
  • 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
  • Jul. 17, 2014, 1:13 PM
    • Tech/telecom names with strong Russian or Ukranian exposure are falling hard after Malaysia Airlines flight MH17 crashed in Eastern Ukraine. A Ukranian government official claims rebels shot down the plane.
    • Yandex (YNDX -5.4%), Luxoft (LXFT -5.6%), Qiwi (QIWI -8.1%), VimpelCom (VIP -3.7%) and MTS (MBT -3.1%) are all off sharply.
    • The Market Vector Russia ETF Trust (NYSEARCA:RSX) is down 5.4%. Other Russian ETFs: RUSL, RSXJ, ERUS, RUSS, RBL, RUDR.
    | Comment!
  • Jun. 5, 2014, 7:55 AM
    | Comment!
  • Apr. 18, 2014, 6:47 AM
    • Pro-Russian protesters, many of whom are armed, have refused to vacate administrative buildings they have occupied in eastern Ukraine despite an agreement between the government, Russia, the U.S. and EU to "de-escalate" the crisis.
    • Under the deal, the buildings were to be vacated and armed militias disbanded.
    • Despite the continued standoff, Russia's Micex index is +2.2% in response to the agreement. The USD-RUB is +0.1% at $35.568.
    • More on Ukraine
    • ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, GUR, ESR, RUDR
    | 73 Comments
  • Apr. 14, 2014, 5:30 AM
    • Ukraine could be about to carry out a "large-scale anti-terrorist operation" on pro-Russian separatists in several cities in eastern Ukraine after the rebels ignored a deadline to stand down.
    • Militias have taken control of the city of Slaviansk by seizing government buildings and setting up barricades on the outskirts of town. There have already been casualties after the government launched an operation yesterday.
    • Gunmen have also taken over administrative buildings in Donetsk, which has become one of the centers of pro-Russian protests. The governor of the Donetsk region has said that a government operation has started, although journalists on the ground hadn't seen any sign of it.
    • Russia has warned Ukraine not to use force against the militias, but Ukraine and the U.S. blame Russia for the escalation.
    • The increasing tension has hit Russian markets, with the Micex -1.65% and USD-RUB +0.9% at 35.963 rubles.
    • Live blog
    • More on Ukraine
    • ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, GUR, ESR, RUDR
    | 5 Comments
  • Mar. 25, 2014, 7:00 AM
    • Russia's Micex stock index is +0.9% despite the U.S. and other major countries expelling the country from the G8 - which was expected anyway - and warning of more sanctions "that will have an increasingly significant impact on the Russian economy."
    • The USD-RUB is -1.2% at 35.648 rubles.
    • More on Crimea
    • ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, RUDR
    | Comment!
  • Mar. 21, 2014, 5:03 AM
    • Russia's Micex stock has tumbled 2% after the U.S. yesterday threatened sanctions against vital parts of the country's economy - including financial services, oil and gas, metals and mining, and defense - if the military encroached into eastern and southern Ukraine.
    • With Russia on the verge of annexing Crimea, the U.S. also imposed asset freezes and visa bans against senior Russian officials and businessmen close to President Vladimir Putin.
    • The White House sanctioned Bank Rossiya as well, a move that seems to have prompted Visa (V) and MasterCard (MA) to suspend services for payment transactions for the bank.
    • Russia's Deputy Finance Minister Alexei Moiseev has tried to brush it all off, saying that he doesn't see any immediate effect of the sanctions on the nation's financial sector or its creditworthiness. That's despite S&P and Fitch cutting Russia's outlook to negative from stable.
    • Still, the ruble is relatively steady, with the USD-RUB +0.2% at 36.421 rubles.
    • ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, RUDR
    | 15 Comments
  • Mar. 17, 2014, 6:50 AM
    • A check of Russian stocks after Crimea votes to secede from Ukraine, Russia mulls a timetable for possible annexation, and the West mulls sanctions, finds the Micex ahead by 2%.
    • The Globe and Mail's Mark MacKinnon reports - geography be damned - Crimea will switch to Moscow time (2 time zones over) on March 30. The Crimean government says the ruble is now the territory's 2nd official currency, with the Ukrainian hryvnia to be used in parallel until the end of 2015.
    • ETFs: RSX, ERUS, RUSL, RUSS, RSXJ, RBL, RUDR
    | 1 Comment
  • Mar. 3, 2014, 3:17 AM
    • U.S. Secretary of State John Kerry is traveling to Kiev today to "reaffirm the United States' strong support for Ukrainian sovereignty" as Russian troops take control of Crimea and threaten a full-scale invasion. In response, Ukraine has mobilized its reserves.
    • The U.S. has threatened to isolate Russia economically and is considering a range of sanctions unless it withdraws from Ukraine, including freezing assets, visa bans, action against banks and even expulsion from the G8. However, some European countries rely on Russia for energy so forging a widespread agreement on sanctions could be tough.
    • All sides are examining a get-out option for Russia that would involve sending international observers to Crimea and eastern Ukraine to protect the rights of ethnic Russians - one of Vladimir Putin's ostensible reasons for seizing Crimea - under any new government in Kiev.
    • The crisis has sent Russian markets tumbling and prompted the country's central bank to temporarily hike interest rates to 7% from 5.5%. The USD-RUB is +1.2% to 36.457 after earlier hitting 36.65. The  broad ruble-based MICEX stock index is -9.4% and the dollar-based RTS is -11.1%.
    • Previous
    • ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, RUDR, GUR, ESR, USO, OIL, UCO, SCO, DBO, DTO, BNO, CRUD, USL, DNO, UWTI, SZO, DWTI, OLO, OLEM, TWTI,UNG, DGAZ, UGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, GASX, NAGS, DCNG
    | 16 Comments
  • Mar. 6, 2012, 6:47 AM
    Russia's Micex index extends its losses, now -2.7%, after post-election protests and arrests. (previously)
    | 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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