... geopolitical risks. On Tuesday, market participants anticipate decisions from the Ministry of Finance and the Central Bank of Russia regarding currency operations volumes under the budget rule for August. If the regulator resumes significant foreign currency purchases to replenish reserves, the ruble may come under pressure. Conversely, modest interventions or a pause could give the market a breather. The external backdrop remains crucial: an improvement in risk appetite in global markets could strengthen the ruble and other emerging ...

... record-high U.S. debt level has far-reaching effects on the domestic and global economy, with potential risks for financial markets. Diminished Dollar Stability The growing debt burden could weaken investor confidence in the U.S. dollar as a global reserve currency. Concerns about the U.S.'s ability to manage its debt may drive investors toward alternative assets, potentially weakening the dollar's value and affecting commodity and financial markets worldwide. Inflationary Pressures Financing debt and economic ...

... costs, which are crucial during winter. United States: PPI data will play a critical role in shaping expectations for Federal Reserve actions, while initial jobless claims provide insights into the labor market’s health. The natural gas inventory report ... ... traders, particularly as Europe and the U.S. face high seasonal energy demand. Monitor price fluctuations in natural gas futures. Currency Markets: The ECB’s decisions and U.S. inflation data will be key drivers of euro and dollar dynamics, influencing global ...

... resulted in extremely large negative balances in other operations. In 2025, although the ruble also weakened, the overall net loss from these operations decreased. Likely, some of last year's one-off write-offs (e.g., impairment of specific assets, reserves for problematic accounts) did not recur at the same scale, so the increase in other expenses is nearly exclusively attributed to currency and interest. In sum, the balance of other income and expenses remained negative but showed significant improvement: around –283 billion rubles in H1 2025 compared to –623 billion rubles a year earlier. This indicates that the influence of ...

... funds raise doubts about the profitability of deposits. The unstable economic situation, the depreciation of the national currency, and rising prices for various goods inevitably lead individuals to consider ways to preserve and increase their personal ... ... months' salary; after the age of 50, one should have nine to ten months' salary set aside. The older a person is, the larger their reserve should be. This is due to the challenges associated with finding new employment. To accumulate such a reserve, at least ...