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What the Rouble teaches us (#488)

Episode 488 of the WorldWide Markets with Simon Brown podcast, hosted by JustOneLap.com, titled "What the Rouble teaches us (#488)" was published on April 6, 2022 and runs 18 minutes.

April 6, 2022 ·18m · WorldWide Markets with Simon Brown

0:00 / 0:00

Simon Shares

  • I have closed my Nasdaq long position. Still long FTSE100.
  • Purple Group* (JSE code: PPE) trading update. Looks a little better than I expected.
  • MTN (JSE code: MTN) more Nigerian woes.
  • Reports that Woolies* (JSE code: WHL) may be selling David Jones.
  • Elon Musk buys 9.2% of Twitter (NYSE code: TWTR).
  • Moodys upgrades sovereign and banks from negative to stable.
  • Deutsche Bank says: US recession in 2023 and stocks to fall 20% by summer 2023
* I hold ungeared positions.

The Rouble is almost back at pre-war levels against the US$.

20% interest rates, capital controls, no foreign selling on the Moscow Exchange, selling oil & gas in Roubles (maybe), reports of paying interest on debt with Roubles and of course traders in for a buck.

USDRUB


 

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