... remains one of the highest in the G7, and markets are pricing in further BoE rate hikes this year. If Bailey's speech indicated concerns about inflation and a commitment to tightening policy, the pound could strengthen, and British government bonds (yields) could rise. However, a softer tone (for instance, mentioning signs of economic slow-down or recession risks) would be interpreted as a hint of an impending pause in rate hikes, which would weaken the pound. Following the speech, Bailey noted that ...

... in the banking sector. 2. Extraordinary General Meetings of Shareholders (EGM) Severstal (CHMF): The EGM will consider a third-quarter dividend payout of 49.06 rubles per share, signaling stable profits despite a volatile metals market. The dividend yield enhances the attractiveness of Severstal's shares for long-term, income-focused investors. Lukoil (LKOH): The EGM plans to approve dividends of 514 rubles per share for the first nine months of 2024, confirming the company's high yield and ability ...

... 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. Investors anticipating a downturn in inflation by 2027–2028 might adopt a strategy of locking in these high yields: purchasing long-term OFZ now to gain not only generous coupon ...

... was fueled by increased investor interest in risk assets and a moderate strengthening of the US dollar amidst optimism regarding trade. Furthermore, strong employment data from the US reduced expectations for an imminent Fed rate cut, causing Treasury yields to rise – making gold somewhat less attractive in the short term. Nevertheless, the fundamental factors supporting gold remain unchanged. Inflation in Western economies still exceeds central banks' target benchmarks, geopolitical tensions remain ...

... interest rates in the coming months to support business activity. At the July 30 meeting, the Fed, as expected, maintained the rate at ~5.5%. However, signs of economic slowdown have intensified conversations about an imminent shift in monetary policy. Yields on long-term U.S. Treasury bonds have declined, and the dollar has weakened. Slowing inflation in the U.S. (core ~3.3% y/y in June) provides the regulator with additional room to maneuver. Expectations for a more dovish Fed are now dominant – ...