Russia · Country watch
Russian Services PMI Drops, Gold Prices Surge
Russia's services PMI falls, indicating a slowdown, while gold prices hit a new high, impacting finance and investment sectors.
The picture Stable How this is judged →
Business conditions in Russia remain stable with a mixed economic outlook. The services sector shows signs of stagnation, while gold prices rise, offering mixed signals for investors.
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In this briefing S&P Global · Comex · MOEX · RTS
Markets
Russia's Services PMI Drops to 50.1 in October
Russia's services sector showed signs of stagnation in October as the Purchasing Managers' Index (PMI) fell to 50.1 from 51.3 in September, according to S&P Global data reported by Interfax. This decline indicates a near halt in growth for the sector, which had been showing modest expansion. The PMI is a key indicator of economic health in the services sector, with a reading above 50 indicating expansion and below 50 indicating contraction.
Impact Service sector operators face stagnation as growth nearly halts, affecting business planning and investment.
Sources: infox.ru ↗, interfax ↗
Gold Prices Surpass $4,150 on Comex
Gold futures for December 2026 delivery rose above $4,150 per ounce for the first time since October 21, according to trading data from Comex reported by Izvestia. The price increase of 5.39% reflects heightened demand for the precious metal amid global market uncertainties. However, the rate of increase slowed slightly later in the morning.
Impact Investors in gold see increased asset value as prices surge, impacting portfolios and investment strategies.
Sources: Izvestia ↗
MOEX and RTS Indices Fall Amid Oil Price Drop
Russia's MOEX and RTS stock indices opened the main trading session with a decline of 0.94%, as reported by Interfax. The drop is attributed to falling oil prices, with January Brent futures retreating to around $94 per barrel following the U.S. midterm elections, where the Democratic Party secured a victory.
Impact Stock market investors face decreased portfolio values as indices fall, driven by lower oil prices.
Sources: interfax ↗
Nothing significant reported today in Regulation · Disruption · Internal tension · Safety & health · Companies · Trade · Politics.
Also today in the local press
- IN BRIEF: What is known about widespread reports of bomb threats on flights in Europe — Tass
- Kiev, Dnepropetrovsk, Odessa, Krivoy Rog face risk of winter blackouts — Ukrainian MP — Tass
- Import of used passenger cars to Russia down 43% in October — Tass
- Reuters назвал пять возможных изменений во внешней политике США после выборов — RG.ru Rossiyskaya Gazeta
- В ДР Конго выявили более 10,6 тыс. случаев заражения лихорадкой Эбола — AiF Argumenti i Fakti
- South African president’s party takes early election lead — RT
- Bitcoin, Ethereum showing sharp rise — Tass
- Reuters назвало пять направлений политики США, которые могут измениться — RIA Novosti
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
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- Egypt: Egypt Cuts Spending, Inflation Eases
- Spain: Ouigo Strike Canceled, EU Import Tax, Water Alert
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- India: Sensex Surges, Drug License Crackdown
- Iraq: BP, PetroChina Cut Budgets; Dollar Rises
- Iran: Dollar Rises, Energy Crisis Costs, Car Prices Drop
- Italy: Bomb Alerts Disrupt Flights, School Protests Loom
- Jordan: Supply Chain Efficiency, Weather Alert Issued
- Japan: Chubu Electric Order, Microsoft Layoffs, BOJ Inflation
- Kenya: Kenya's Chilli Exports to China, Water Shutdown in Nairobi
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- Morocco: Morocco Restricts Tomato Exports, Transport Subsidies
- Mexico: Banxico Cuts Rate, Mexico's US Trade Surplus Soars
- Malaysia: Deepavali Toll Discount; Thunderstorm Warning
- Nigeria: NJC Suspends Judges, Tinubu Visit Restrictions
- Netherlands: KLM Cuts Jobs, Gas Prices Fall, West Nile Deaths Rise
- Poland: Poland Tax Overhaul, Fuel Prices Drop
- Portugal: Fuel Prices Drop, Hospital Infestation, KLM Cuts Jobs
- Senegal: Kébémer Health Alert, Budget Standoff Intensifies
- Syria: Central Bank Fee Ban, Saudi Investment, Gold Surge
- Turkey: Golden Global License Revoked, Central Bank Reserves Fall
- Ukraine: Zhytomyr Power Cuts, Russian Drone Strikes
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