... and heighten expectations for additional stimulus from Beijing. Japan: The Tokyo stock market is closed due to a national holiday (Mountain Day). The lack of trading in Japan means reduced activity in the Asian session; some investors will pause, and liquidity will be lower than usual. This may lead to more restrained fluctuations in Asian markets in the morning, as one of the region's key markets is temporarily inactive. Europe: Inflation in Italy and Industrial Production in Turkey Italy: Final ...

... attractiveness: Presence on international exchanges ensures the company's transparency, regular publication of financial statements and compliance with high standards of corporate governance. These factors increase investor confidence and contribute to increased liquidity of shares. 2. Financial policy The company follows a strategy aimed at ensuring stable income for its shareholders. Dividend policy: Lenta maintains stable dividend payments, which makes its shares attractive to investors looking for regular ...

... longer than you can remain solvent.” In other words, even when a bubble is detected, predicting the moment it will burst is nearly impossible. There are also limitations of the Buffett Indicator that reduce its definitiveness: Interest Rates and Liquidity. The market-to-GDP ratio does not account for the level of interest rates. Low borrowing costs can support higher stock valuations: in a low-interest environment, the market is naturally traded with a larger capitalization relative to GDP. Global ...

... at Currencies Beyond the Dollar An interesting topic on the agenda was the future of Berkshire Hathaway's enormous cash reserves in light of the aforementioned risks. Currently, the company holds the majority of its funds in U.S. dollars (in highly liquid assets like U.S. Treasury bills). However, a 4% decline in the dollar's value in the first quarter of 2025 has already cost Berkshire approximately $700 million due to the currency translation of revenues and assets. Commenting on this, Buffett ...

... investment funds to companies looking to diversify their assets using crypto instruments. Additionally, legal exchange channels will ease the exit from investments: converting cryptocurrency to fiat will become simpler and safer, thus increasing market liquidity. However, alongside the advantages, there are also risks. A regulated market introduces stringent oversight and compliance requirements. Investors will have to adhere to norms for financial monitoring, tax reporting, and restrictions set by ...