... Macroeconomic Factors The Russian capital market is susceptible to macroeconomic and political factors that can substantially affect stock performance. Key factors include: Inflation and Currency Exchange Rates: High inflation levels and fluctuations in the ruble can impact company profits. It is imperative to choose companies ... ... face restrictions affecting access to international capital markets. This needs to be considered when selecting companies for investment. Government Support: In some cases, the government provides support to specific sectors of the economy, which can positively ...

... within the artificial intelligence sector and related industries. In the second quarter of 2025, nearly half of all venture investments worldwide were directed to AI projects. The sustained enthusiasm around AI ensures an historically unprecedented capital ... ... again actively engage in public offerings in the region. Other heavyweights are also lining up for listing on the Hong Kong stock exchange, such as chip developer Montage Technology, which plans to raise up to $1 billion, highlighting the revival of IPO activity,...

... leading to increased investment volumes and strengthening the position of the Russian ruble. Outlook for the Russian Market Strengthening the Ruble and the Financial Sector If sanctions are eased, one can expect the ruble to strengthen, as the influx of investments and the resumption of international operations would increase demand for the Russian currency. This could stabilize the ruble's exchange rate, which would be beneficial for exporters and import-related activities within the country. Growth of the Russian Stock Market The possible lifting of sanctions would attract international investors to the Russian stock and bond markets, positively affecting capitalization and access to long-term capital for Russian companies. This might also strengthen the positions ...

... crypto business. Bullish's entry into the public market will be one of the largest events in the industry since Coinbase's listing, underscoring Wall Street's interest in cryptocurrency platforms. Challenges for Coinbase: The largest U.S. cryptocurrency exchange is facing a slowdown in investor enthusiasm after a decline in trading volumes and revenues. The investment bank Compass Point recently downgraded Coinbase's stock rating to "sell," pointing to a slowdown in user base growth and intense competition (including from decentralized platforms). An additional challenge comes from new stablecoins and DeFi services drawing liquidity away from centralized ...

... the crypto business. Bullish's market debut will be one of the largest events for the industry since the Coinbase listing and underscores Wall Street's interest in cryptocurrency platforms. Challenges for Coinbase: The largest American cryptocurrency exchange is experiencing a cooling interest from investors amid declining trading volumes and revenues. Investment bank Compass Point recently downgraded Coinbase’s stock rating to "sell," citing a slowdown in user base growth and increased competition (including from decentralized platforms). Another challenge is the emergence of new stablecoins and DeFi services, drawing liquidity away from centralized ...