... backdrop remains crucial: an improvement in risk appetite in global markets could strengthen the ruble and other emerging market currencies, while new sanctions threats or a flight to safety could negatively impact it. Russian Stock Market: Outlook The Moscow Exchange Index is holding near local highs, demonstrating resilience due to high commodity prices and strong earnings reports from several companies. External signals (oil price dynamics, global market sentiments) and internal factors (financial ...

... for 2025–2026 indicates a softer policy trajectory than previously assumed, due to the reduction of inflationary risks. Ruble Exchange Rate and Financial Markets Following the rate cut, the ruble maintained stability: the dollar exchange rate on the Moscow Exchange remained around 77–79 rubles. This outcome was anticipated, as the easing of policy had already been factored into market expectations. Previously, the ruble was supported by a combination of high rates, export revenues, and squeezed ...

... forecasts for the dynamics of the domestic stock market in the near term. Should favorable pricing conditions for raw materials persist and no new negative shocks arise (for example, intensifying sanctions or sharp fluctuations in global markets), the Moscow Exchange Index may continue its gradual growth. Nonetheless, the strategies of many investors remain cautious: portfolio diversification and the choice of defensive assets remain relevant amid ongoing risks. Corporate Reporting: Company Profits ...

... diminishes the significance of the dollar and other traditional instruments, aligning with Russia's declared goals of dedollarizing foreign trade. Kyrgyzstan, by testing crypto payments and potentially creating successful case studies, may set an example for Moscow on how to integrate digital currencies without destabilizing the financial system. It is worth noting that Binance's collaboration with the Kyrgyz government also has aspects that require coordination within allied relations. It is crucial to prevent ...

... revenue growth of 5.4%. Friday, November 22 Pre-Market: Russian Reports: KAZT (KuybyshevAzot) — Extraordinary General Meeting on dividends of 7 RUB per share for 9M 2024. TCSG (TCS Group) — Last day with dividend of 92.5 RUB. TRNF (Transneft) — Moscow Arbitration Court to review Transneft's claim against IBM for 83.1 million RUB. Company Update: OPEN OIL MARKET Pre-IPO Open Oil Market is currently in a pre-IPO funding round. Despite economic challenges and high interest rates, the sector and ...