... released, showing how tariffs and changes in external demand affect exports and imports. Additionally, the ISM index for the U.S. services sector (17:00 MSK) will provide an assessment of business activity in the largest sector of the American economy. Ruble Exchange Rate and Currency Market Dynamics The Russian ruble enters August under the influence of mixed factors. The conclusion of the tax period at the end of July has weakened support for the national currency, and last week the exchange rate fell to around ...

... has implemented special services to facilitate compliance with the new rules. Starting from February 2025, taxpayers will have access to online reporting on received cryptocurrency through their personal account. The service also publishes reference exchange rates for major cryptocurrencies (Bitcoin, Ethereum, etc.) in rubles based on data from the largest foreign exchanges. This helps miners accurately calculate their income from mining based on the market price of the coin on the day of receipt for tax calculations. However, despite the establishment of a legal framework ...

... inflation levels in Russia for the past month. An acceleration in annual inflation will heighten expectations for a stricter policy from the Bank of Russia (including the possibility of raising the key rate), which will influence the OFZ market and the ruble exchange rate. Conversely, a slowdown in price growth will be a positive signal for the regulator and financial markets in Russia, indicating the effectiveness of previous measures to curb inflation. Corporate Reporting: Before Market Open: Brinker International ...

... than 6% this year, remaining one of the most dynamic globally. Nevertheless, the factors of China's slowdown and global risks require caution from investors. Russia: Stable Ruble and Rate Cut Outlook The past week was calm for the Russian market. The ruble exchange rate, after a brief dip following the July Central Bank decision, stabilized around 80 ₽ per $1. The key rate cut by 200 bps only moderately reduced the attractiveness of ruble assets – outflows of speculative capital were small, as this step was ...

... the Central Bank: ongoing inflation acceleration may increase the likelihood of a rate hike, while signs of a slowdown in price growth would support a scenario of maintaining or even lowering the key rate. Additionally, inflation data could impact the ruble's exchange rate and sentiment in the domestic bond market. Company Reports Before Market Open Novo Nordisk. The Danish pharmaceutical giant will release quarterly results amidst strong demand for its diabetes and obesity treatment medications. McDonald's. The world's ...