... over-the-counter segment for such operations. The first pre-IPO transactions in Russia were relatively small: according to the Central Bank's estimates, their total volume in the initial years did not exceed several hundred million rubles. However, by 2023, the ... ... of traditional investors from risky markets, the challenges of raising capital through bond issuances amid high key interest rates, and the increased attractiveness of pre-IPO for promising companies under conditions of limited demand for conventional ...

... building expenses, which directly affects the amount of loans requested. Economic Instability: Impact of inflation: Rising prices of goods and services compel Russians to plan for larger expenses on housing. Weakening of the ruble and increases in the Central Bank's key interest rate raise loan costs, although preferential programs mitigate this effect. The Role of Government Programs in Market Development Government preferential mortgage programs stimulate demand for country housing: Rural mortgage: Supports the development ...

... from the Bank of England in the future. Eurozone GDP for Q2 2025 (12:00 MSK) In the afternoon, preliminary data on the total GDP of the Eurozone (20 countries) for Q2 2025 will be published. This is a key indicator for European markets: a slow growth rate of the Eurozone economy (close to zero or negative) will intensify discussions about stagnation and may increase pressure on the European Central Bank to ease monetary policy. On the other hand, higher growth figures would indicate the resilience of the Eurozone economy, despite expensive loans and high prices, potentially strengthening the euro and supporting European stock indices. Market reactions ...

... industrial data. **Eurostat** will release the preliminary estimate of inflation in the Eurozone for July (flash CPI) around 12:00 MSK. It is expected that the annual growth of consumer prices will remain around 2%, with Core CPI exceeding the European Central Bank's target level. A slowdown in inflation could influence expectations regarding ECB interest rates and bond market sentiment. Additionally, final PMI indices for industrial activity in major European economies — Germany, France, the entire Eurozone, and the **United Kingdom** — will be published throughout the day. Preliminary July PMIs indicated ...

... euro, whereas a deterioration may signal weakness in external demand. Turkey: Industrial production figures for June will be released. This indicator will help assess how Turkey's economy is faring after recent changes in economic policy and interest rate hikes by the central bank. A significant contraction in industrial output would indicate an economic slowdown amid tightening financial conditions. Conversely, resilient industrial production would signify that Turkish businesses are adapting to the new circumstances. Investors ...