The Moscow Exchange Index reaches its highest level since February 2022.

– The Russian stock market is under the influence of a strong positive trend. The economy is in excellent condition, despite high interest rates, because it is driven by a powerful state order. The state order influences the economy. We have strong high state expenditures that push the economy forward. The Russian economy has been experiencing a shortage of investment in capacity for decades. Now it is happening, so it is one of the best economies in the world. It is currently ranked in the top 3 economies with the best condition. In general, the Russian stock market is not very expensive; it would really be able to rise significantly if it were clear what interest rates will be, because around the world, they believe that interest rates will fall. It may turn out that we will all be very disappointed with future interest rates, that maybe they will not fall so much, but this disappointment has not come yet, and therefore the Russian stock market, like some other markets in the world, is growing.– Should we expect new records?

– Yes. The Russian stock market is not expensive, and as long as investors believe that interest rates will fall, it will steadily rise because there has been a very profound misconception in recent months that central banks significantly influence the economic cycle. This is not the case. Government spending is much more important. And today, everyone is still in favor of the Russian stock market remaining strong. As before.