Trade turnover between Russia and China was up by more than a quarter in the first ten months of this year to $87.2bn.
US crude oil production set another all time high of 11.6mmb/d in early November, just ahead of Russia's new record of 11.36mmb/d.
Sales of cars and light commercial vehicles (LCVs) in Russia in October increased by 8% year-on-year to 0.16mn units, with January-October 2018 sales up by 14% y/y to 1.46mn, the latest data from the Association of European Businesses (AEB) shows
Russia's Consumer Price Inflation (CPI) continued to accelerate, registering 3.5% year-on-year in October 2018, up from 3.4% in September, versus 3.1% seen in August and 2.5% in July, but still below the central bank's target rate of 4%
However, reading stands below what was seen in July.
Reserves were bolstered by budget revenues, a loan tranche from the Eurasian Fund for Stabilisation and Development, and revenues from selling foreign currency denominated government bonds.
IHS Markit Russia Services Purchasing Managers Index rose in October to 56.9 from 54.7 a month earlier as the recovery gained momentum. The manufacturing PMI was also back in the black in October.
Romania has added €2bn to its public debt in the past 12 months, bringing it to €66.9bn (34.7% of GDP) as of the end of August, according to the finance ministry. The country will add more debt in the coming years.
Czech non-adjusted retail trade slowed to 1.4% year-on-year at constant prices in September, down from 4.2% in July, the Czech Statistical Office (CSO) data shows
Ukraine’s gross international reserves (GIR) increased by 0.6% in October to $16.737bn as of November 1, according to National Bank of Ukraine (NBU), thanks to the recent Eurobond issue.
Stock market, Turkish lira, bonds and Halkbank all have a good day.
The outlook is grim amid the economic slowdown, rising interest rates and lack of room for further fiscal stimulus.
Second fall in output this year brings back fears of a slowdown in the industrial sector that could impede economic growth in the third quarter.
Surprise consumer tax cuts have been introduced but analysts see carmakers faced by further deterioration in the months ahead.
PMI's fall for the fourth consecutive month strengthens worries that expansion in Poland’s industrial sector has peaked.
The Czech IHS Manufacturing Purchasing Managers Index (PMI) slipped to 52.5 in October from 53.4 in September, the weakest growth for almost two years, figures released by IHS Markit on November 1 show.
The Board of the Czech National Bank (CNB) hiked its main interest rate at the November 1 meeting as expected by the analysts earlier this week.
Russia’s manufacturing sector gained a little momentum over the summer as the IHS Markit Russia Manufacturing Purchasing Managers (PMI) went back into the black printing a gain of 51.3 in October, up from September’s 50 that represents no change
Despite slight uptick in October PMI reading, analysts take survey data as further evidence of a severe downturn.