... against Russia. Should external factors be unfavorable—for instance, stringent sanctions or a deterioration in the geopolitical situation—the ruble may weaken, and the dollar's exchange rate could temporarily rise to 110-120 rubles. These fluctuations ... ... global trends, such as changes in oil and gas prices, which are critical for the Russian economy. Predictions for the Stock Market: The Russian stock exchange, judging by recent movements, started the week with gains, possibly linked to expectations ...

... Russia Meeting Minutes 16:00 (MSK) – The Bank of Russia will publish the minutes from its last key rate meeting. The document will reveal details of the discussions among the central bank's leadership and the tone of their views regarding the economic situation. Investors will pay particular attention to signals about the regulator's future actions, especially given the recent rate change. The market will assess the Bank of Russia's level of concern regarding inflation and the stability of the ruble, which may influence future decision-making expectations. Business Activity in Canada (PMI) 16:45 (MSK) – The S&P Global indices for business ...

... is expected, reflecting companies' cautiousness amid weak demand and external risks. The Ifo indicator is an important barometer of economic sentiment: a decline would heighten concerns of stagnation in Europe's largest economy, especially if current situation assessments and expectations worsen. Conversely, an unexpected increase in the index could provide a positive surprise for markets, potentially bolstering the euro and European company stocks. 13:30 MSK – Central Bank of Russia's decision on the key interest rate. The day's main intrigue for the Russian market. Following an unexpected 100 bps cut in June (to 20% per annum),...

... prices will inevitably soar. As highlighted by Yuri Stankevich, Deputy Chair of the State Duma Committee on Energy, the current situation indicates that the thresholds granting companies the right to receive damping payments need to be reassessed. Both the ... ... Finance prepared a joint solution on this matter back in spring. The full ban on gasoline exports may not have yet affected its market quotes. It is unlikely that oil companies can tighten their belts, as the tax burden on the sector is already the highest ...

... other countries. However, experts suggest that significant volumes of Russian diesel ultimately found their way to the European market. If global demand for diesel continues to decline, Russian producers will face stiff competition with other suppliers, ... ... profitability of refineries, prompting some closures in Europe. This trend, combined with the climate agenda, has exacerbated the situation. Even though demand for gasoline and jet fuel is rising, this increase has not been enough to offset challenges for ...