... global market and individual internal circumstances. In the longer term, the dynamics of emerging market currencies will depend on investors' risk appetite and decisions from leading central banks. Russia: Rate Cut Effect and Corporate Signals For the Russian financial market, the week ended with a major event – the Bank of Russia significantly reduced the key rate. The regulator's decision following the meeting on July 25 to lower the rate by 2 percentage points (from 20% to 18% per annum) was more decisive than ...

... also actively increasing their output. Regarding the cost of MTBE, it is determined by the macroeconomic indicators of the fuel market in Russia. The spot price of MTBE in 2023 decreased by almost 10% compared to 2022, and in 2024, there has been a slight ... ... raised multiple times. For example, there were discussions about allowing the use of monomethylaniline (MMA). It was used in Russian oil refining until 2016 but was banned by the Ministry of Energy due to its negative impact on gasoline quality, vehicle ...

... MARKET fuel marketplace, shares a similar view. He specifies that the risks of accelerated price increases will primarily affect the gasoline market, which historically has had a significantly lower surplus of production capacity compared to the diesel market. This can be seen in the share of exports in the structure of fuel deliveries from Russian refineries: until 2022, the share of diesel fuel exports was about 50%, but since then, it has dropped to 40% (due to increased demand from heavy machinery in Russia), while the share of gasoline exports never exceeded 15%. Therefore, the gasoline ...

... below their initial IPO price, marking three years since the company went public. Nasdaq Short-Term Interest Rate Report (00:00 MSK): Nasdaq will release its short-term interest rate outlook, providing guidance on rate expectations that could influence market sentiment. Pre-Market Highlights: $MNDY - Monday.com Ltd (Report at 15:00 MSK): Reporting an expected increase of 29.9%. Key Russian Reports: $SBER - Sberbank: Releases RAS (Russian Accounting Standards) report for the first 10 months of 2024. $PHOR - PhosAgro: Releases its Q3 2024 IFRS financial report. $AFLT - Aeroflot: Reports October 2024 operational results. After-Market ...

... Overall, currencies of emerging markets remain sensitive to global risk appetite: improvements in trade relations can support them, while tightening financial conditions in the US could pose new challenges. Russia: Key Rate Cut, Markets React For the Russian financial market, the key event of Friday was the decision by the Central Bank of Russia to cut the key interest rate by 2 percentage points—from 20% to 18% per annum. This move was more aggressive than most analysts expected (the consensus forecast anticipated ...