... inflation abates), the banking sector should be well-positioned, benefiting both from clients’ higher incomes and from lower funding costs. Bonds (OFZ) and Inflation For institutional investors, rising wages by itself is not a direct driver for the bond market, but the accompanying macro conditions (inflation and central bank policy) are key. In 2025, when nominal incomes are climbing at a record pace, inflation is still elevated – the Bank of Russia is keeping its key interest rate high. Yields on government bonds (OFZ) remain attractive under such circumstances....

... attention to the following factors: Currency Markets: The yen’s performance following Japan’s GDP data and the dollar’s response to U.S. inflation expectations will be key areas of focus. Any surprises could lead to significant volatility. Commodity Markets: Weaker inflation in China may suppress global commodity demand, particularly for metals and energy products. Investors in these markets should consider the potential for reduced pricing pressure. Interest Rates and Bonds: Elevated U.S. inflation expectations may signal continued Federal Reserve tightening, which could increase yields on ...

... inflation is too high, it weakens people's purchasing power. If the rate is too low, there is a risk of overheating the economy and accelerating inflation. By managing the key rate, the Central Bank tries to stabilize prices, maintain a stable level of inflation and simultaneously stimulate economic growth. Personal view on the role of the key rate As the founder of Open Oil Market, I understand that fluctuations in the key rate can significantly affect economic stability and business development. For example, when the rate increases, financing costs increase, which can reduce the volume of purchases and investment in expansion....

... Eurozone Consumer Price Index (CPI, October) — Published at 10:00 GMT The Eurozone CPI provides a critical look at inflation across the region. High inflation may pressure the European Central Bank to consider tightening its policy, impacting the euro and European equity markets. Lower-than-expected inflation could ease concerns and support equity growth. United Kingdom Retail Sales (October) — Published at 07:00 GMT Retail sales data reflects consumer spending trends, a key driver of economic growth. A strong reading supports the pound and retail-focused ...

... transportation, Diamondback – oil extraction). These reports will provide initial insights into different sectors at the week's start. Commentary: Monday starts relatively quietly. The absence of trading in London and Toronto reduces volumes on global markets, and key macroeconomic releases are limited to local inflation data. Markets will primarily receive signals from individual corporate stories: the results from Palantir and other companies after market close may set the tone for the start of the week. Special attention will be paid to Palantir, whose business ...