The Russian development bank, Vnesheconombank, says it spent RUB 20 bln buying Russian shares in the last few days and is responsible for the market’s rise. They will soon learn that it is better to leave these things unsaid.
US shares are rebounding this afternoon, up 2.7% at present/ EUR/JPY is back to the 120 area and USD/JPY is testing session highs around 96.15.
