... the backdrop of PMI data, the ruble has experienced only minor fluctuations: moderate economic activity has slightly reduced pressure on the exchange rate. Graphically, the USD/RUB pair remains below important technical levels, reflecting limitations ... ... the services sector and slight growth in industrial indicators as a signal of moderate optimism; however, high inflation and sanctions continue to impose restraining factors on risk positions. Conservative scenarios dominate the stock and bond markets: ...

... nearly 2.5 trillion rubles. Non-residents occupy about one-third of the market. However, the decline in oil prices and imposed sanctions have negatively impacted placement volumes. An auction for the sale of OFZs can either be successful or not. In this ... ... practice of selling securities without quantity restrictions, thereby stimulating demand. At the same time, the market is not pressured by unsold lots. Additionally, a significant number of securities fosters increased appetites among investors. Many demand ...

... currencies in emerging markets, including the ruble, remain vulnerable to changes in global sentiment—sharp dollar strength or new sanction risks could quickly alter the dynamics. Conclusion: What Investors Should Consider Monetary Policy: The signal of a possible ... ... sales). These reports will help understand the actual slowdown in the U.S. economy and how the housing sector feels under the pressure of high rates. Corporate Earnings: The results from Pinduoduo will indicate the state of Chinese online retail and, indirectly,...

... central banks have held substantial amounts of dollar-denominated assets, viewing them as stable and liquid. However, recent events have led to a reassessment of this strategy. The key reasons include: Freezing of Reserves: Following the imposition of sanctions against Russia, a significant portion of its currency reserves was frozen, serving as a warning to other countries about the potential risks of holding reserves in dollars. Geopolitical Pressure: Countries seeking to reduce their dependence on the U.S. have begun developing alternative financial instruments, including transactions in national currencies. Decreasing Dollar Share in Reserves: Many central banks have started actively increasing ...

... the growing optimism among European investors. Overall, macroeconomic trends suggest cautious optimism: global inflationary pressure is gradually easing, and business sentiment is improving. If these positive trends persist, analysts’ forecasts for ... ... supported interest in oil and gas and commodity sector stocks. Meanwhile, geopolitical uncertainty and industry restrictions (sanctions) restrained price increases. Investors are awaiting the publication of earnings reports from leading issuers for the ...