... valuations to peak levels, especially in the field of artificial intelligence. Return of mega funds and major investors. Leading players are forming record venture funds and increasing investments, reinvigorating the market with capital and enhancing risk appetite. Diversification of sectoral focus. Venture capital is being directed not only to AI but also to fintech, climate projects, biotechnology, defense developments, and even crypto startups, expanding market horizons. Wave of consolidation and ...

... cost structures in the sector, ensuring high operational profitability even in challenging macroeconomic conditions. Asset Quality and Reserve Expenses The quality of the loan portfolio remains relatively high, but the bank has exercised caution in risk assessment amidst external economic challenges. In 1H2025, Sber significantly increased provisions for loan impairment: total reserve expenses reached 335 billion rubles, more than doubling compared to the same period last year. The increase in provisioning ...

... equipment (Teraflux installations) valued at $73.3 million. This move allows for the diversification of its fleet, reducing reliance on traditional manufacturers like China’s Bitmain. Localization of Production – amid geopolitical and logistical risks, foreign ASIC miner manufacturers are striving to localize production in the U.S. Chinese firm Canaan has started expanding its equipment production within U.S. territory, while industry leader Bitmain has announced plans to open a full-fledged ...

... Europe: GDP figures from the UK and the Eurozone will set the mood in the markets in the morning. Weak growth in the European economy could negatively impact the banking and industrial sectors, whereas positive surprises would support the demand for risk assets. Afternoon US PPI data will provide information on the pricing environment in the US manufacturing sector—it will complement the previously released CPI data and help gauge inflation's entrenchment. The corporate reports of the day cover ...

... positive rhetoric from the meeting creates a favorable information background; however, a real economic effect will likely manifest only when declarations turn into concrete actions. The value of these negotiations lies primarily in reducing geopolitical risks that have long hindered economic development. When Will Anti-Russian Sanctions Be Lifted? The U.S. administration has decided to postpone the introduction of sanctions against Russia. According to Trump, there is currently no need for this. Given ...