... continued its moderate growth: the S&P Global Russia Services PMI remained at 50.1, virtually unchanged from March. The composite PMI, which combines data from the services and manufacturing sectors, rose to 49.8 (up from 49.1 previously). Overall, these economic indicators suggest stagnation in the Russian economy and only slight progress in the business cycle. Given the persistent high inflation (approximately 10% annually) and the tightening of the Central Bank of Russia's policy (key rate at 21%),...

Tuesday’s economic calendar brings pivotal updates for investors focused on European and U.S. markets. Highlights include the UK’s labor market data, offering insights into wage growth and unemployment, which could shape the Bank of England’s policy direction....

... Trends Amid Global Upturn Against the overall positive backdrop, the question remains: what position do the Russian and nearby startup markets occupy? Venture investments in Russia have contracted in recent years due to a challenging geopolitical and economic landscape. Estimates suggest that the total transaction volume in Russia for the entirety of 2024 was less than 10 billion rubles (approximately $120 million)—a drop in the ocean by global standards. Nevertheless, the local ecosystem continues ...

... wave of crisis. The European market is connected with the Chinese market. Therefore, the situation is not as bleak as it may seem at first glance. New emission standards for vehicle production are expected to accelerate manufacturing and improve the economic situation in Europe. Currently, European countries are mirroring the Japanese experience, which is difficult to label as positive. The velocity of financial resources is decreasing, while interest rates remain low. If European governments do ...

Stay informed with our comprehensive analysis of key economic events and corporate earnings scheduled for Wednesday, November 27, 2024. Discover how China's MLF rate decision, U.S. housing market indicators, consumer confidence data, and major corporate earnings from companies like Dell and HP could impact ...