Morning Digest from FC: Markets and Economy - November 5 The Russian market started Thursday lower: oil fell after the US election, and investors are assessing the implications of the Democratic victory on Donald Trump's policies. The Moscow Stock Exchange opened in the red. At 07:01 Moscow time, IMOEX lost 0.94%, to 2419.15 points, RTS - the same, to 933.13. The oil companies fell the most: Rosneft - by 3.9%, Tatneft - by 3.2%, Gazprom - by 2.2%. Brent fell to $94 a barrel after falling more than 8% the day before. At the opening, VK added 5%, Polios - 5.9%. VK remains one of the most volatile stories of the week: after a rally and correction, the quotes rose again, but the morning momentum weakened. The Bank of Russia continues to sell gold from reserves. According to data from the World Gold Council, reserves fell by 18.7 tons in the third quarter and by about 62 tons since December 2025. Against the background of a budget deficit of 7.3 trillion rubles, the metal becomes a source of liquidity. The victory of the Democrats in the US Congress limits Trump's ability to conduct fiscal policy without the support of his opponents. The shares of Elon Musk's companies fell: in trading Tesla lost about 5%, SpaceX - up to 6.9%. Two of the three tankers with Russian diesel bound for an American port changed course. Talisman went to the Mediterranean Sea, to Ruo - to the shores of Brazil. Democrats and some Republicans oppose the provision; New Jersey's governor has warned port operators of possible sanctions. Gazprom updated the supply record to China. On Nov. 3, the company set the fifth daily export record for Power of Siberia since early 2026. The previous maximum was recorded on November 1. The absolute volume of the daily supply was not disclosed. In 2025, 38.8 billion cubic meters will be released through the gas pipeline. m of gas with a design capacity of 38 billion. According to agreements with CNPC, it is planned to increase the supply to 44 billion cubic meters. m per year. ₿ Bitcoin returned over 80 thousand dollars.

Morning Digest from FC: Markets and Economy - November 5 The Russian market started Thursday lower: oil fell after the US election, and investors are assessing the implications of the Democratic victory on Donald Trump's policies. The Moscow Stock Exchange opened in the red. At 07:01 Moscow time, IMOEX lost 0.94%, to 2419.15 points, RTS - the same, to 933.13. The oil companies fell the most: Rosneft - by 3.9%, Tatneft - by 3.2%, Gazprom - by 2.2%. Brent fell to $94 a barrel after falling more than 8% the day before. At the opening, VK added 5%, Polios - 5.9%. VK remains one of the most volatile stories of the week: after a rally and correction, the quotes rose again, but the morning momentum weakened. The Bank of Russia continues to sell gold from reserves. According to data from the World Gold Council, reserves fell by 18.7 tons in the third quarter and by about 62 tons since December 2025. Against the background of a budget deficit of 7.3 trillion rubles, the metal becomes a source of liquidity. The victory of the Democrats in the US Congress limits Trump's ability to conduct fiscal policy without the support of his opponents. The shares of Elon Musk's companies fell: in trading Tesla lost about 5%, SpaceX - up to 6.9%. Two of the three tankers with Russian diesel bound for an American port changed course. Talisman went to the Mediterranean Sea, to Ruo - to the shores of Brazil. Democrats and some Republicans oppose the provision; New Jersey's governor has warned port operators of possible sanctions. Gazprom updated the supply record to China. On Nov. 3, the company set the fifth daily export record for Power of Siberia since early 2026. The previous maximum was recorded on November 1. The absolute volume of the daily supply was not disclosed. In 2025, 38.8 billion cubic meters will be released through the gas pipeline. m of gas with a design capacity of 38 billion. According to agreements with CNPC, it is planned to increase the supply to 44 billion cubic meters. m per year. ₿ Bitcoin returned over 80 thousand dollars.