... the tax period in Russia, which may impact export revenue sales volumes and the dynamics of the ruble exchange rate. Expectations for the upcoming meeting of the U.S. Federal Reserve ( Fed ) later in the week, shaping forecasts on interest rates and inflation. Global Markets: Investor Expectations and Forecasts As the new week begins, global financial markets exhibit cautious optimism. Investors are assessing prospects and adjusting strategies in anticipation of a series of important events that could significantly influence trading ...

... concerns over economic growth in the EU. Inflation in Poland (core CPI): The core consumer price index for Poland in July is due out during the day. A continued deceleration in inflation towards the NBP’s target range is expected. A decrease in core inflation could bolster expectations for further rate cuts in the Eastern European region, supporting bonds and equities in Poland and neighboring markets. Conversely, if inflation remains stubbornly above expectations, it may prompt a more cautious approach from regulators,...

... Inflation in Russia (CPI) 19:00 (MSK) – 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 has accelerated or slowed in mid-summer. The inflation trend affects market participants' expectations regarding further actions 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 or even lowering the key rate. Additionally,...

... (PPI) data from Japan, as well as the Consumer Price Index (CPI) from Germany and Russia. Additionally, the International Energy Agency (IEA) is expected to release its report on the global oil market, along with inventory data from the EIA. With rising inflation across various countries and earnings expectations from companies such as Cisco, Tencent, X5 Group, VK Company, and Vestas, this day promises to be eventful. Calendar for Wednesday, August 13, 2025: Japan's PPI, Germany's CPI, IEA Oil Report, EIA Oil Inventories in the U.S., Russia's CPI,...

... a trajectory of around 7.5% year-on-year—significantly lower than the peaks of over 12% last winter. The slowdown in inflation has opened up space for easing monetary policy. The Bank of Russia, in its accompanying commentary, noted the decline in inflation expectations among the population and weak consumer demand, allowing for an improved inflation forecast for the end of 2025 (to around 6-7% compared to previously expected 7-8%). The regulator did not rule out further rate cuts should current trends in ...