Important for the start of the main meeting Norilsk Nickel will reveal the operating results for the first nine months of 2026. The central bank will publish a monthly review of the development of the Russian banking sector. In the morning, oil prices fell to $114. Raw materials still remain expensive, which may support shares of the oil and gas sector. The market fears a new escalation in the Middle East. Ozone prices lose about 1% because of infrastructure risks. What happened last week The central bank's decision on Friday to keep the interest rate at 14% was in line with expectations. The tone of the regulator's comments was moderately harsh. After the Central Bank's decision, the Moscow Stock Exchange Index fell, but then investors bought the pull. This confirms the sustainability of the upward trend in the medium term. On Friday, the index added 1.6% and closed around 2,470 points. The rise in energy prices became an important support factor at the end of last week. Oil traded above $116 per barrel for the first time since April. The cost of gas in Europe reached $1,100 per thousand cubic meters, the highest since 2022. Expensive raw materials helped Rubel grow stronger. The value of the yuan approached 12 rubles, which stops the growth of the exporter's shares. The official dollar rate is about 80 rubles. On Friday, the OFZ index fell slightly. The return on the longest issues remained around 16.6% per year. During the nine months of this year, Posagro earned 31.3 billion rubles in net profit by international standards. That's three times less than a year earlier. Revenues increased by 1% to 446 billion rubles. According to our analysts, there will be no dividends due to high debt.

Important for the start of the main meeting Norilsk Nickel will reveal the operating results for the first nine months of 2026. The central bank will publish a monthly review of the development of the Russian banking sector. In the morning, oil prices fell to $114. Raw materials still remain expensive, which may support shares of the oil and gas sector. The market fears a new escalation in the Middle East. Ozone prices lose about 1% because of infrastructure risks. What happened last week The central bank's decision on Friday to keep the interest rate at 14% was in line with expectations. The tone of the regulator's comments was moderately harsh. After the Central Bank's decision, the Moscow Stock Exchange Index fell, but then investors bought the pull. This confirms the sustainability of the upward trend in the medium term. On Friday, the index added 1.6% and closed around 2,470 points. The rise in energy prices became an important support factor at the end of last week. Oil traded above $116 per barrel for the first time since April. The cost of gas in Europe reached $1,100 per thousand cubic meters, the highest since 2022. Expensive raw materials helped Rubel grow stronger. The value of the yuan approached 12 rubles, which stops the growth of the exporter's shares. The official dollar rate is about 80 rubles. On Friday, the OFZ index fell slightly. The return on the longest issues remained around 16.6% per year. During the nine months of this year, Posagro earned 31.3 billion rubles in net profit by international standards. That's three times less than a year earlier. Revenues increased by 1% to 446 billion rubles. According to our analysts, there will be no dividends due to high debt.