... current situation is twofold. On one hand, high retail and wholesale gasoline prices boost revenue in the short term. On the other hand, export restrictions and decreased dampener payments significantly impact refining profitability. According to official statistics, the cumulative profit of petroleum producers in Russia fell by more than 60% in the first months of 2025 compared to the previous year. Reduced government support (subsidies) and planted price controls pressure margins. To maintain profitability,...

... rate should alleviate debt burdens and stimulate domestic demand, but investors will also consider external factors—such as yesterday's US Fed decision (if the Fed rate remained unchanged, SARB may act more cautiously to avoid pressure on the rand). Statistics: PMI, Inflation, and Labor Market China – PMI Indices (04:30 MSK): Early in the morning, China's official purchasing managers' indices for July will be released. A slight improvement in manufacturing PMI is expected, but the figure will likely ...