... impacts, and the future of European foreign policy following Donald Trump's recent victory in the U.S. presidential election. Impact on Markets: Decisions made at the G20 Summit could shape the geopolitical environment and, consequently, European market stability. For example, any new measures addressing Ukraine may increase European financial aid commitments or influence sanctions affecting Russian exports. These decisions could lead to short-term fluctuations in European indices, especially in energy ...

... American exporters, and weakening the role of competitors. European leaders, for their part, welcome the transatlantic deal. European Commission President Ursula von der Leyen called it "historic" and emphasized that it brings much-needed stability for businesses on both sides of the Atlantic. The Chancellor of Germany noted that the agreement helped avoid a new round of trade confrontation and reduced costs for European industry. In Moscow, however, such an agreement is seen as a long-term ...

... provisions, the level of non-performing loans remains low and is fully covered by reserves – indicating a conservative approach to risk management. Increased provisioning temporarily restrains net profit; however, it simultaneously enhances the long-term stability of the balance sheet. Financial Stability and Tax Burden The financial stability of Sber during the reporting period remains high. Capital adequacy ratios significantly exceed regulatory requirements: the common equity tier-1 ratio (N1.1) exceeds ...

... Agreement effectively closed the door on international mediation, postulating that the parties would seek ways to resolve the issues themselves. At the same time, India returned captured territories and most of the prisoners of war to Pakistan, hoping to stabilize the situation. Bhutto publicly promised to seek a peaceful resolution and recognition of the new line, but the final status of Kashmir was not determined de jure—each side remained at its position. Despite diplomatic arrangements, hostility ...

... and business sentiment indices released on Monday will shape the macroeconomic backdrop against which investors will make decisions. In Switzerland, annual inflation remains close to zero, significantly lower than in most countries, reflecting price stability. In contrast, Turkey continues to experience very high inflation: consumer prices in July rose, albeit below last year’s peaks, still around 35% year-on-year. The markets will be watching to see if the decline in Turkish inflation continues,...