What should an investor keep an eye on this week

This week, the Russian stock market will react to lower oil prices. On Friday, the price of the Brent benchmark dropped to $ 72.7 per barrel, returning to levels that were observed before the escalation of the conflict in the Middle East. The geopolitical background and the movement of the Moscow Exchange index will have an additional impact on the dynamics of trading. Dividend stories and the publication of new macroeconomic and corporate statistics will also remain in the focus of investors' attention.

On Monday, the annual General Meeting of shareholders (AGM) of Aeroflot on dividends for 2025 will be held. A meeting of MGKL shareholders will also be held. In addition, this is the last day of the purchase of shares of Zaimer for dividends for the first quarter of 2026 and Nizhnekamskneftekhim for 2025, said Anna Kokoreva, an expert on the stock market at BCS World Investments.

On June 30, the AGM of Norilsk Nickel will be held, the board of directors recommended not to pay dividends. Shareholders of Mosenergo and Polyus will vote for dividends on shares for the first quarter of 2026, and Sovcombank for the previous year, Cifra-Broker added. VTB will hold a meeting with questions about the additional issue and dividends. Meetings will also be held at Akron, LSR Group, NCSP, DOM.Russian Federation, Rostelecom, Bazis Group of Companies, B2B-RTS, as well as ICD, Delimobilya, Diasofta and Phosagro.

Stripped of bonus: oil is testing a dangerous frontier

The price is rapidly going down

On Wednesday, the Central Bank will publish a summary of the key rate discussion, and Rosstat will present weekly inflation data, a report on the labor market and retail sales for May. The Moscow Stock Exchange will disclose data on trading volume for June. Wednesday is also the last day of the purchase of ROSSETI Volga shares for dividends for 2025.

July 2 is the last opportunity to buy shares of ROSSETI Moscow Region against last year's dividends.

On Friday, S&P Global will publish the business Activity Index (PMI) in the service sector. In addition, this is the last day of the purchase of shares of Gazprom Neft and Uralsib Bank for dividends for 2025.

The RGBI index, according to Alexey Kovalev, head of Debt market analysis at Finam, will remain in the range of 113-114 points this week. The Central Bank's guidelines for further lowering the key rate became a "tub of cold water" for debt market participants who questioned the prospects for a rapid easing of the regulator's policy.

The dollar, according to the forecast of Finam analyst Alexander Potavin, will trade in the range of 74.5–78.5 rubles, euro — 86-89, yuan — 11.1–11.5 rubles.

The Moscow Exchange index may continue to decline to 2,100-2,200 points this week, Anna Kokoreva believes.