β οΈπͺπΊπ·πΊ The European Commission is set to present an assessment of the economic impact of proposed sanctions against Russia to EU ambassadors today. This move aims to unblock negotiations and resolve the deadlock in agreeing on the 21st sanctions package β Euractiv.
β οΈπ·πΊ Shokhin warns of potential business bankruptcies if the Central Bank does not lower the key interest rate. He stated that maintaining the current rate could lead to risks of "autumn bankruptcies" due to the cumulative negative effects in the economy. For more details, visit TASS.
π° The liquidity deficit in the Russian banking sector has reached its highest level since 2022, according to a report by FORBES. This situation is attributed to falling rates, a significant shift of funds into cash, largely due to seasonal holiday factors, and Central Bank operations that have mirrored investments from the National Wealth Fund, surpassing the inflow from current investments of the Fund.
π Goldman Sachs reaffirms its forecast for the S&P 500, projecting it will reach 8,000 by the end of 2026.
π·πΊ Consensus estimates indicate that MMK's EBITDA nearly doubled in the second quarter, with free cash flow moving out of negative territory. The report is scheduled for release on July 23.
π¬π§ UK inflation has dropped to its lowest level in 15 months, according to a report by BBG. This significant decrease signals a potential easing of financial pressures for consumers across the nation. The latest figures reflect ongoing economic adjustments and may influence future monetary policies. For more details, visit BBG.
β οΈπ©πͺ Lavrov expressed concern over reports regarding Germany's development of its own nuclear program.
π·πΊ The Central Bank of Russia has identified instances of insider trading involving ordinary shares of PAO Softline on the Moscow Exchange. The findings reveal unauthorized use of insider information during these transactions. For more details, visit the Central Bank website.
πΊπ¦ Kremlin spokesman Dmitry Peskov dismissed reports regarding Russia's unwillingness to resume negotiations until full control over Donbas is established. He made these comments in response to a Bloomberg article discussing the Kremlin's firm stance on occupied territories in Ukraine. For more details, read the full article here.
π₯ The IMOEX index has surpassed the 2100 mark following news of a meeting between Sergei Lavrov and Marco Rubio on July 23. This increase comes after the index had already exceeded the 2000 threshold without any significant news.
π₯ Experts suggest that dividends are now entering the market, and with a low free float, the IMOEX index is expected to soon surpass its historical record, potentially leading to substantial wealth for investors. Monitoring continues.
π¨ Senator Marco Rubio announced plans to discuss Ukraine with Russian Foreign Minister Sergey Lavrov. The meeting is expected to address ongoing geopolitical tensions and the situation in Ukraine. As the conflict continues, dialogue between the two nations remains crucial for diplomatic efforts. Further details on the meeting's agenda have yet to be released.