... monitoring incoming data: price pressures in the eurozone are easing, but there remains a risk of recession given the impact of expensive credit on business activity. Currency and commodity markets reflected expectations of soft policy: the DXY dollar index decreased amid rising expectations of an interest rate cut by the Fed, particularly evident in the dollar’s decrease against the yen (falling to ¥147 per $1) and the franc. The euro remains around $1.10. At the same time, precious metal prices reached new peaks – gold rose to record $2000+ per ounce,...

... Sherwin-Williams (SHW) – the largest manufacturer of paints and coatings. Paint sales directly depend on construction and real estate renovation activity. The SHW report will signal the state of residential construction and commercial real estate: an increase or decrease in sales will indicate whether the repair boom continues or if high mortgage rates are cooling the market. PulteGroup (PHM) and D.R. Horton (DHI) – the largest home builders in the US. Their metrics (number of homes sold, new orders, average prices) are critically important against the backdrop of rising mortgage rates and changes ...

... it could previously. This leads to a decrease in the purchasing power of the population. For instance, if a product cost 1000 rubles a year ago and today it costs 1100 rubles, there has been a 10% rise in prices, and the purchasing power of money has decreased by 10%. The inflation rate is typically calculated based on the Consumer Price Index (CPI), which reflects changes in the cost of a fixed "basket" of goods and services. Inflation occurs in any economy and is even considered normal when the price increase is modest....

... domestic market and Asia. The growth in ruble revenue is primarily driven by the gas segment, compensating for declines in some other areas. This reflects the company's adaptation to new realities: gas exports to distant regions have quantitatively decreased, but the currency revenues converted into rubles are supported by the exchange rate, and domestic sales remain a solid revenue base. Expenditure and Profitability: Tax Change Effects In the first half of 2025, Gazprom's expenditures decreased, significantly improving profitability metrics. The cost of sales fell by about 10%—to ...

... advance. Moreover, ongoing sales of foreign currency receipts by exporters and cautious interventions by the regulator help smooth out exchange rate fluctuations. As a result, the ruble demonstrates relative stability even amid a declining interest rate differential, and volatility in the currency market has decreased compared to the beginning of the year. Russia’s economic indicators are gradually improving after the shock of the previous year. Yearly inflation continues to slow: according to estimates from the Ministry of Economic Development, consumer ...