... note that key challenges will persist in 2025: Potential economic slowdown amidst high interest rates. Increased competition in retail banking. Regulatory changes that may impact banks' profitability. Commentary from Sergey Tereshkin, CEO of Open Oil Market «The results of the largest U.S. investment banks underscore the importance of adapting to changing conditions. The growth in interest income and asset management activity demonstrates that even in challenging times, banks can maintain resilience. This is a positive signal for investors and an indicator of future trends in the global financial sector.» Conclusion The profits of Goldman Sachs and JPMorgan Chase have exceeded expectations, highlighting their resilience amidst economic ...

... 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 the pound. Conversely, resilient sales may alleviate recession fears and support the market. 11:00 MSK – Ifo Business Climate Index in Germany (July). The largest survey of the business environment in Germany: a slight drop in the index from around 88.5 to 88 points is expected, reflecting companies' cautiousness amid weak demand and ...

... historical peaks by the end of the week. On Thursday, the S&P 500 gained about 0.1%, while the Nasdaq rose by 0.2%, and on Friday, both indices remained close to these levels. The rally is supported by robust Q2 earnings reports and signs of economic resilience. Fresh data showed that consumer spending and the labor market remain strong: for example, durable goods orders dropped sharply by 9.3% in June after a surge in May, but excluding transportation, orders actually rose (+0.2% m/m), indicating stable business investment. Furthermore, initial jobless claims fell ...

... also a reflection of the energy sector's response to global demand and pricing pressures. Corporate dividend updates in Russia, while region-specific, highlight trends in resource-heavy economies. These payouts are significant in showcasing company resilience and investor confidence, even under challenging circumstances. At Open Oil Market, we are committed to helping our clients navigate the complexities of global markets by closely analyzing key data points and providing actionable insights. These events underscore the importance of staying informed in a rapidly evolving economic ...

... defensive assets for investors seeking consistent income. Inflation-Linked Bonds: Government and corporate bonds indexed to inflation might help protect portfolios from currency depreciation. Gold and Other Defensive Assets: Historically, gold shows resilience to inflation and can serve as a capital preservation asset. Expectations for Monetary Policy and Their Market Impact Given the inflation data, the Central Bank of Russia is likely to maintain a tight monetary policy in the coming months, implying that the key rate may remain high, potentially in the range of 20-22%. This exerts a dual effect on the economy ...