... The quarterly earnings season is underway, and the results from the world’s largest companies are showing mixed trends. Below are the most notable reports and trends from recent days: Apple – The tech giant exceeded analyst expectations. Apple’s revenue for April–June grew by approximately 10% year-over-year, reaching ~$94 billion – a record for the company’s third fiscal quarter. Net profit was approximately $23 billion (~+9% y/y) due to strong sales of key products and strict cost control....

... creating favorable conditions for Russia's long-term development. Impact on investors Gazprom is a public company whose shares and derivative financial instruments are traded on Russian and international stock exchanges. A stable dividend policy, export revenues and large-scale investments make the company attractive to investors and traders. Public status of the company Gazprom is a public company whose shares are traded on the Moscow Exchange under the ticker GAZP. In addition, the company's global ...

... investor can realize substantial profits due to the difference between private and public valuations of the company. Lower risk than at earlier stages. Unlike initial venture rounds, pre-IPO companies already have a validated business model, visible revenues, and experienced management. Reduced uncertainty diminishes the risk of total investment loss compared to seed investments. Faster exit. The investment horizon for pre-IPO is usually no more than 1-3 years, as companies plan for a near-term IPO....

... Depreciation Geopolitical Factors The introduction of new US sanctions against Russia in November 2024 dealt a serious blow to the economy. The sanctions affected key sectors and restricted access to international financial markets. Decline in Export Revenues Falling global prices for oil and gas, along with a reduction in their export, diminished the inflow of foreign currency into Russia. Monetary Policy The Central Bank maintains the key interest rate at 21%, which curtails economic activity but ...

... In July, the volume of damping payments rose to a record ~60 billion rubles, helping curb the price increase of gasoline for end consumers. However, such expenditures are burdening the federal budget. According to the Ministry of Finance, oil and gas revenues to the Russian treasury in July amounted to about 787 billion rubles—below the planned level and the third consecutive month lower than expectations. The government is discussing the possibility of temporarily adjusting or suspending the damping ...