RUSSIA: India’s Crude Imports from Russia Expected to Jump in November
Nov-27 08:38
- India is on track to import about 1.8 million barrels per day of Russian crude this month, the most since the year's peak in June of roughly 2.1 million barrels per day, according to Kpler data. November's volumes from Russia are being driven by front-loaded arrivals ahead of US sanctions on producers Rosneft and Lukoil which came into effect on November 21. India’s imports from Russia are likely to be lower in December, at about 1 million barrels a day, Kpler said.
- The average maximum interest rate on ruble deposits at Russia's ten largest banks rose for the first time in 11 months in mid-November to 15.5%, Kommersant report, though the moderate 0.2ppt increase comes amid an overall drop of almost 7ppts since the start of the year. The correction is attributed to the CBR slowing the reduction of its key rate cuts and banks competing to retain depositors.
- President Vladimir Putin finishes his three-day visit to Kyrgyzstan, where he will participate in the Collective Security Treaty Organization summit and is expected to hold a press briefing. Meanwhile, the Bank of Russia presents its financial stability report.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
SWEDEN: Riksbank Q3 Business Survey: Initial Summary Screens Dovish
Oct-28 08:33
Riksbank Q3 Business Survey is here. Initial headlines/summary screens dovish on net, but we still think the bar to another rate cut is high (and economic weakness suggesting another cut was needed would have to be confirmed by hard data)
Title: “We’re waiting for the upturn”
- "Sweden’s major companies describe the economic situation as a long and protracted slump that has not improved since the spring. Industrial activity has weakened, while the trade sector is reasonably satisfied with the situation. "
- "Sweden’s major companies describe the economic situation as a long and protracted slump that has not improved since the spring. Industrial activity has weakened, while the trade sector is reasonably satisfied with the situation.
- "Households are still perceived to be cautious and keeping a tight grip on their wallets. Businesses are hopeful that a lower level of interest rates and upcoming fiscal policy stimulation measures will boost demand and investment, but they expect it to take time."
EGB SYNDICATION: Finland 5-year USD: Guidance
Oct-28 08:31
- Guidance: SOFR MS+38bps area (IPTs were SOFR MS (S/A, 30/360) +40bp area (~CT5+9.6bps / ~ WI+9.9bps ))
- Size: USD Benchmark (MNI expects USD1.0-1.5bln)
- IOIs in excess of $2.4bn (inc. $150m JLM)
- Maturity: 4 November 2030
- Settlement: 4 November 2025 (T+5)
- Bookrunners: Barclays / HSBC / Nomura / Societe Generale
- CUSIP/ISIN: XS3222747936 / US317873BJ59
- Timing: Books open, today's business
From market source / MNI colour
EURIBOR OPTIONS: Call Spread vs Put
Oct-28 08:25
ERM6 98.12/98.25cs vs 97.9375p, bought the cs for 0.5 in 2k.
Trending Top
Jan-30 21:43
Jan-30 21:11
