The US ISM Services Index exceeded expectations in April: activity, new orders, and employment improved, but a spike in prices highlights persistent inflation risks. How will the markets react, and what will the Fed do? ISM Services PMI Beats Forecast; S&P 500 Rises as Fed Remains Cautious The US non-manufacturing sector showed an unexpected uptick in April, as the latest ISM Services PMI came in stronger than anticipated. The index, which measures business activity in the American services sector...

August 1, 2025, promises to be a significant date for financial markets. On this day, several key economic events will be published, such as the Non-Farm Payrolls report and PMI data, which will set a wave of optimism or pessimism among investors. Major company reports are also anticipated, including those from ExxonMobil, Chevron, and Moderna, providing valuable insights into market conditions. These events are critical for assessing the current economic situation and predicting future trends. As...

... standards (IFRS or GAAP) and optimizes business processes to be comprehensible to investors. During this stage, a growth strategy and financial model are formulated to assess future profitability. Selection of underwriters and consultants. The company hires investment banks (underwriters), lawyers, and auditors to assist with the IPO process. Underwriters evaluate investor demand and help determine the estimated price range for the offering. Contracts are signed: in a firm commitment arrangement, the ...

... persons without prospectus registration. This stage can take several weeks due to document examination. The regulator checks the completeness and accuracy of the disclosed information. Selection of underwriters and advisors. As in IPOs, the company may hire underwriters - investment banks that help organize the offering. Underwriters may guarantee the repurchase of part or all of the offering at a pre-agreed price (guaranteed subscription). In Russian practice, the participation of underwriters is not ...