The Democrats have taken aim at the stock market's safety net by taxing buybacks – potentially creating another headwind for investors

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Reuters

Rouble steadies, stocks down ahead of return of some foreign investors

The Russian rouble stabilised in the 60-61 range to the dollar on Friday, lacking significant growth drivers going into the weekend, while stocks fell as the market prepared for a partial return of foreign investors. “Rouble volatility remains low… We expect the rouble to hold at 60-61 versus the dollar today,” SberCIB Investment Research said in a note. “The rouble is for now ignoring falling oil, but this will not continue for long, as a drop in foreign currency inflows into the country will follow the decline in oil quotations,” said Alor Broker in a note.