Russia's real GDP growth likely to continue improving
Central Bank of Russia forecasted the real GDP at -1.0 to - 0.5% for 2016 while the market consensus forecasts 0.0%. The net private capital outflows stood at USD 53bn against 118.7bn during same period in 2014. "We expe…
Central Bank of Russia forecasted the real GDP at -1.0 to - 0.5% for 2016 while the market consensus forecasts 0.0%. The net private capital outflows stood at USD 53bn against 118.7bn during same period in 2014.
"We expect a gradual recovery in activity to give way to ruble appreciation in the long term. Real GDP growth is likely to continue improving", says RBC Capital Markets in a research note.
The central bank revised its net private capital outflow estimate for 2016 to USD 58bn from USD 70bn which implies potentially less downward pressure on RUB.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
