... higher. Any surprises in China's PMI (such as a move into the growth zone) will affect commodity markets and currencies of emerging countries. Eurozone – Unemployment Rate (12:00 MSK): The unemployment rate for the Eurozone in June will be announced. Forecasts converge around the mark of ~6.3%, which is close to multi-year lows (it was 6.3% in May). The European labor market remains resilient even amid economic slowdown, supporting consumption. If unemployment unexpectedly falls, it will bolster expectations regarding the Eurozone's economic resilience, although it may also intensify hawkish sentiments within the ECB. Conversely, any minor uptick in ...

... will learn what indicators the index consists of, how it is used by investors and economists, and also analyze a real case when the LEI helped predict the global financial crisis. The Leading Economic Index (LEI) is a comprehensive indicator used to forecast economic developments. The index combines several key statistics that are believed to predict future economic activity. For example, a rise or fall in the index can indicate whether economic growth is likely to accelerate or slow in the coming months....

... into the real economy – activities like starting small businesses or expanding existing ones – which indirectly improves the business climate. Some individuals may hedge a potentially weaker ruble by buying foreign currency or gold. However, if the economic forecast for Russia holds true and inflation slows, ruble-denominated assets (stocks, bonds, real estate) should in general outperform passive holdings in currency or precious metals. Fundamental analysis of the current scenario confirms the appeal of ...

... July 30, the Federal Reserve maintained its base rate at 4.25–4.50% for the fifth consecutive time, signaling a prolonged pause. Despite inflation still being relatively high (around 3% according to the core PCE index), the Fed noted a slowdown in economic growth (the forecast for US GDP growth in 2025 has been revised downward to approximately 1.4%) and a moderate cooling in the labor market. Fresh data on unemployment claims (rising to 226,000 for the week) and weak new job creation dynamics have bolstered expectations ...

... 16:45 (MSK): Eurozone – ECB Press Conference The ECB president will present updated forecasts and elaborate on the monetary policy decision. This commentary could significantly impact European bond markets and the euro. 17:45 (MSK): Eurozone – ECB Economic Forecasts Projections for inflation and economic growth will provide guidance on the Eurozone’s future trajectory, influencing investment strategies and market expectations. 18:30 (MSK): USA – Natural Gas Inventory Data The EIA report will shed light ...