... enter the second half of 2025 in a state of relative balance, but with clear signals of future changes: Oil Market: remains relatively stable due to producers' coordination but is sensitive to economic risks and potential sanctions-related upheavals. European Gas Market: approaches winter with near-record gas reserves, reducing concerns about sharp price spikes. Russian Fuel Market: is becoming increasingly tightly regulated by the state; such "manual control" measures will likely become the norm in ...

... decades. Next week, attention will shift to the reports from tech industry leaders (including Alphabet and Tesla), whose results will set the tone for the market during the peak of summer earnings season. Europe: Modest Growth and Trade Negotiations European stock markets wrapped up the week predominantly neutrally. The pan-European STOXX 600 index hovered around 547 points on Friday, showing virtually no change for the week. Investors are assessing mixed signals: on the one hand, some corporate reports were encouraging,...

... entering the second half of 2025 in a state of relative balance, but with clear signs of impending changes: Oil Market: remains relatively stable thanks to producer coordination, but is highly sensitive to economic risks and potential sanction shocks. European Gas Market: approaches winter with record gas stocks, significantly reducing concerns about sharp price spikes during the cold period. Russian Fuel Market: is increasingly being regulated by the state; such "manual" measures are likely to become ...

... economic activity, while a decrease suggests continued resilience. 16:45 (MSK): Eurozone – ECB Press Conference The ECB president will present updated forecasts and elaborate on the monetary policy decision. This commentary could significantly impact European bond markets and the euro. 17:45 (MSK): Eurozone – ECB Economic Forecasts Projections for inflation and economic growth will provide guidance on the Eurozone’s future trajectory, influencing investment strategies and market expectations. 18:30 (MSK): USA ...

... deliveries to Europe following the September 2022 sabotage, thus Gazprom has incurred no losses, believes Tereshkin from Open Oil Market. Sanctions against the Nord Streams are more of a political declaration, as these pipelines primarily benefited Germany,... ... Mitrakhovich from the Financial University. "The formulation of additional measures against the Nord Streams reflects the European bureaucracy's fear that if some compromise is reached between Russia and the USA regarding Ukraine or if leadership changes ...