... capabilities and dampens external economic activity, particularly for small and medium-sized enterprises. Decline in Consumer Demand: High inflation reduces the purchasing power of households, which in turn affects demand for goods and services. For Investors: Which Sectors May Suffer Sectors reliant on domestic demand and consumer spending, such as retail, automotive, and household goods, may encounter difficulties due to low credit availability and economic slowdown. Conversely, export-oriented sectors such as energy and metallurgy may have greater growth opportunities amidst high global market ...

... geopolitical rhetoric on the other. The outcomes of these processes will largely determine the conditions of global energy trade. Investors are closely monitoring whether the economic benefits of new export opportunities (due to trade deals) will outweigh ... ... acceleration in gasoline prices, and regulators need to take action. The export ban should cool prices on the exchange and in retail. Likely, in the short term, this measure will have the necessary effect; otherwise, regulators will extend the ban for ...

... important to monitor how growth in money supply impacts the inflation rate. High inflation can reduce the real return on investments. Sectoral opportunities. Increased liquidity can stimulate growth in specific sectors such as construction, fintech, and retail. Ruble exchange rate. Investors should take into account potential volatility in the ruble exchange rate, as the growth in money supply may exert pressure on the national currency. Bond yields. An increase in liquidity may lower yields on government and corporate bonds, which ...

... that issues the bond and attracts borrowed capital. For example, the government is the issuer of OFZ and other government bonds, while banks and companies are the issuers of corporate bonds. The primary objective of the issuer is to raise funds from investors as debt and repay them with interest after a certain period. This mechanism can be illustrated by an example: A retail chain needs 20 billion ₽ for expansion. The company could take a loan from a bank, but it can also issue 20 million bonds with a nominal value of 1,000 ₽, a term of 5 years, and a coupon of 10%. Many investors will likely buy these bonds, as ...

... Management has released its 2025 forecast, highlighting key trends, challenges, and opportunities in the global financial market. This report examines macroeconomic outlooks, capital management approaches, investment strategies, and recommendations for both retail and institutional investors. Macroeconomic Landscape of 2025 1. Inflation and Monetary Policy Central banks in developed countries will continue their fight against inflation, reflected in cautious adjustments of interest rates. In the US, the Federal Reserve is expected ...