... although the pace of contraction may have slightly eased. These macroeconomic developments are vital for assessing the state of the European economy and the prospects of the industrial sector. **Switzerland** will be closed for trading on Friday due to a national ... ... events will be significant — a weak report could strengthen expectations of imminent dovish policy changes from the Federal Reserve, while an unexpectedly strong report might lead to a sell-off in bonds and a strengthening of the U.S. dollar. In the ...

... net loss from these operations decreased. Likely, some of last year's one-off write-offs (e.g., impairment of specific assets, reserves for problematic accounts) did not recur at the same scale, so the increase in other expenses is nearly exclusively attributed ... ... 2025. The start of the autumn-winter season is traditionally accompanied by increased gas demand and potential price hikes. The European gas market, although not currently a primary market for Gazprom, influences global energy prices. If the winter of 2025/26 ...

... first federal law directly regulating stablecoins (referred to as the GENIUS Act ), which requires issuers to maintain 100% reserves for issued stablecoins and undergo regular audits. Following a series of notable legal defeats for the regulator (including ... ... previous hardline stance could restore innovation in the U.S. and strengthen the country's role as a global blockchain finance hub. European Union: The comprehensive MiCA (Markets in Crypto-Assets) regulation has come into force in the EU, introducing unified ...

... three-month low, signaling continued recovery in the labor market. Investors are cautiously optimistic about the upcoming Federal Reserve meeting (July 29-30). It is expected that the regulator will keep the rate at the current level, considering the slowdown ... ... results will set the tone for the market during the peak of summer earnings season. Europe: Modest Growth and Trade Negotiations European stock markets wrapped up the week predominantly neutrally. The pan-European STOXX 600 index hovered around 547 points ...

... exporters like Russia. Speeches by Central Bank Representatives (Bowman, Goolsbee, Daly, Federal Reserve) Comments from Federal Reserve officials may offer clues about monetary policy plans. Statements regarding potential rate adjustments will prompt reactions ... ... bilateral trade and investment flows. 2. Germany's Industrial Production for October (10:00 MSK) Germany is Russia's leading European trade partner. An increase in industrial production indicates higher demand for Russian energy and raw materials, positively ...