What should an investor keep an eye on this week

The main event of the week will be the Central Bank's last key rate decision this year on December 19th. This event will largely determine investor sentiment for the rest of the year. Nevertheless, significant progress in the negotiations on Ukraine may lead to an increase in the stock market by 10-15%, said Ilya Kupreev, portfolio manager of the First Management Company.

On December 16, retailer Henderson will release its 11-month operating results, according to BCS World of Investments. On the same day, Bank Saint Petersburg will present financial indicators for 11 months according to RAS, Gazprombank Investments noted.

Wednesday, December 18, will be the last day of the purchase of Renaissance Insurance shares with the opportunity to receive interim dividends for 2025, according to the Digital Broker. On the same day, X5 retail Group will hold a shareholders' meeting on the payment of interim dividends, Finam added.

On December 19, the Board of Directors of the Bank of Russia will hold a meeting on the key rate — analysts expect it to decrease to 16%. On the same day, there will be a direct line with the President of the Russian Federation — Vladimir Putin's statements may affect market performance. In addition, Friday is the last day to buy shares of the online marketplace Ozon and the gold miner Polyus with the opportunity to receive dividends, the Digital Broker reported.

The RGBI government bond index is expected to range between 118-119 points in the coming week, BCS World of Investments predicts. The ruble exchange rate, according to analysts, will remain volatile: the euro is projected to range from 93-95 rubles, the dollar from 79-81 rubles, and the yuan from 11.1 to 11.4 rubles. Experts expect a moderately positive trend in the stock market: the Moscow Exchange index, according to their estimates, may be in the range of 2700-2800 points as part of the continuation of the current market trend.