... five quarters and below analyst expectations. This underperformance is particularly noticeable against the backdrop of Azure's success at Microsoft. Calculations indicate that the high-margin AWS business is facing competition and client caution amid economic uncertainty. At the same time, Amazon's operating profit came under pressure: forecasts for operating income for Q2 were lowered, disappointing investors. Consequently, AMZN shares in 2025 fell harder than most of the "seven," and hedge funds significantly reduced their net long position. However, Amazon also has positive ...

... considered comfortable and how to prepare for possible changes in the spring. Ruble on the Rise: Reasons for the Strengthening of the Russian Currency The Russian ruble is demonstrating strong positions in the currency market, driven by a range of economic and political factors. Experts highlight several key reasons contributing to the ruble's strengthening, along with forecasts for its future trends. Factors Influencing the Strengthening of the Ruble Stability of Foreign Policy Situation The early directives of the new US administration do not directly impact Russia, reducing tension and supporting the ruble's exchange ...

... expected, reflecting positive trends in the Brazilian economy. 17:30 MSK: Canada - Manufacturing PMI (Nov) A slight improvement is forecast, indicating recovery in the industrial sector. 17:45 MSK: USA - S&P Manufacturing PMI (Nov) Growth is expected, which ... ... 09:00 MSK: Russia - Manufacturing PMI (Nov) Growth is expected, signaling recovery in the industrial sector amid stabilizing economic conditions. Corporate Events RusAgro (AGRO): Last day of trading depositary receipts on the Moscow Exchange in the "T+1 ...

... 02:50 MSK In the early morning, the first estimate of Japan's economic growth rate for Q2 2025 will be released. This figure will demonstrate the resilience of the land of the rising sun's recovery following last year's downturns. A GDP growth exceeding forecasts would provide an encouraging signal and support Asian markets, confirming the effectiveness of the Japanese government's stimulus measures. Conversely, if economic growth falls short of expectations or hovers near zero, discussions about the necessity for additional support measures from the Bank of Japan to stimulate the economy will intensify in the markets. China's Industrial Production (July 2025) — ...

... economies—from Asia to Europe. These indicators will provide insight into the state of the services sector, which remains a pillar of economic growth in many countries amidst cooling industrial activity. It is expected that PMI indices for China, India, and Russia ... ... efficiency. Overall, the corporate earnings season remains a key driver of sentiment in the markets. Strong results and optimistic forecasts from company management can support the growth of their stocks and improve overall market sentiment. However, disappointing ...