Russell 2000 bounces back, Russia cuts rates

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Russell 2000 bounces back and Russia’s rate cuts

By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group

Hard-Hit Russell 2000 Bounces Back

  • Small-cap Russell 2000 fell the hardest among equity indices.
  • Indices hit bottom on March 23 after fiscal, monetary policy proposals.
  • US-focused Russell 2000 has rebounded better than large-cap indices.
  • Could a flare up of the coronavirus shift the narrative for equities?
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Will Russia Cut Rates to Post-Soviet Record Low?

  • Russia cuts rates instead of tightening policy like in past recessions.
  • Stable ruble allows central bank to cut rates amid weak growth.
  • Russia’s yield curve might offer clues to country’s recovery.
  • Low inflation, stable currency may allow for more rate cuts.
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