... interest in savings in hard currencies. On the other hand, support for the national currency continues to come from still high oil prices, foreign currency sales by the Ministry of Finance (including yuan from reserves under the budget rule), as well as a high key interest rate from the Central Bank of Russia. The recent reduction of the key rate by the Central Bank to 18% per annum has slightly eased financing conditions; however, the level remains elevated. High rates make ruble assets more attractive for investors and ...

... economic calendar is packed with high-impact events for investors, with central bank rate decisions from both the Bank of England and the Federal Reserve. These decisions... ... as they could shape policy expectations and influence markets. Europe will also see key data releases, including Germany’s industrial production and the Eurozone trade... ... fixed asset investment data reflects infrastructure and manufacturing investments. High investment supports the yuan and can positively influence global commodities, while...

... A significant reduction in inventories could drive oil prices up due to signals of high demand or constrained supply, while an increase in inventories often leads to price... ... – Data on the consumer price index (CPI) in Russia for July will be released. This key inflation indicator will show whether the growth in prices in the Russian economy... ... from the Central Bank: ongoing inflation acceleration may increase the likelihood of a rate hike, while signs of a slowdown in price growth would support a scenario of maintaining...

... high inflation in the capital intensifies expectations that the regulator may adjust its ultra-loose stance. Any hints of policy tightening may strengthen the yen and recalibrate risks in global markets. 09:00 MSK – Retail Sales in the UK (June). A key indicator of the British economy: expectations point to a decline in sales volume compared to May, as consumer spending continues to shrink under high inflation and rising rates. In May, the figure unexpectedly grew by +0.3% month-on-month, but a repeat of such growth is unlikely. Weak data would confirm that British consumers are still cutting back, cooling expectations for rapid economic growth and potentially weakening ...

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 ... ... Economic Data Release Consumer Confidence Index for November: Reflects consumer sentiment and their willingness to spend. A high index suggests economic growth, which can lead to a stronger dollar and potentially lower oil prices. New Home Sales for ...