🌎 The EM currency index has reached record highs against the dollar. This milestone indicates a significant shift in the financial landscape, reflecting the strength and resilience of emerging market currencies. Investors are closely monitoring these developments as they may impact global economic trends. For more information, visit here.

🌕🇨🇳 China has been purchasing gold for six consecutive months, according to Bloomberg.

🇩🇪 Germany's Defense Minister plans to set defense spending at over 60 billion euros annually starting in 2025, according to RTRS.

🚨 China’s Geely is proposing to privatize Zeekr, offering to buy company shares at $25.66 per ADS. This represents a 13% premium over the current market price.

⚠️🇨🇳🇺🇸 Trade talks between U.S. and Chinese officials in Switzerland this week are expected to result in a delay of tariffs between the two nations, according to Sean Stein, president of the U.S.-China Business Council. For more details, visit here.

🛢🇨🇳🇷🇺 China and Russia have added the issue of the stalled Power of Siberia 2 gas pipeline to the agenda for talks in Moscow, signaling ongoing discussions about energy cooperation. For more details, visit BBG.

🔥🇷🇺 The Central Bank of Russia will reduce daily currency sales from 10.46 billion rubles to 6.56 billion rubles between May 13 and June 5. Additionally, the Russian Ministry of Finance will resume purchasing currency and gold in accordance with the budget rule, with daily operations set at 2.3 billion rubles. In May, the budget experienced a shortfall of non-oil and gas revenues amounting to 12.3 billion rubles, according to the Ministry of Finance. For more details, see the official release.

📈 The Arenadata Group has announced its interim results for the first quarter of 2025. The consolidated revenue for the reporting period increased by 22% year-on-year. For more details, see the full report.

🇨🇳 Shares of the Chengdu Aircraft Corporation surged by 20% following reports that the Pakistan Air Force shot down five Indian aircraft, including three Rafale jets. Chengdu manufactures the JF-17 and J-10C fighter jets, both of which are in service with the Pakistan Air Force.

🇷🇺 On May 13, DIOD will hold a meeting regarding dividends. For more information, visit here.

🇺🇸 U.S. stocks have emerged as the leader in inflows this year, according to a report from Bank of America and EPFR. The significant interest in the U.S. market underscores its attractiveness to investors amid changing financial dynamics. For more information, visit BofA and EPFR.

🚨 Tesla China reported sales figures for April, including exports, totaling 58,459 vehicles. This marks a month-over-month decline of 26% and a year-over-year decrease of 6%, according to data from the China Passenger Car Association (CPCA).

⚠️🇪🇺🇺🇸 Brussels is set to propose tariffs on Boeing aircraft as a potential retaliatory measure if trade negotiations with Washington fail, according to a report by the Financial Times. For more details, visit FT.

🚨 Russia's Zaymer has announced that the dividend meeting originally scheduled for May 12 has been rescheduled to May 13, 2024.

💥✴️ A major update called Pectra has been activated on the Ethereum network. Previously, JPMorgan stated that it views the Pectra update as one of the strong bullish drivers for ETH.

🌟 OpenAI, a nonprofit American organization, aims to assist more countries in developing AI infrastructure, according to Bloomberg. Meanwhile, the crypto project World, led by Sam Altman, is gathering user data globally by scanning their retinas in exchange for its WLD shields. Some experts believe the world is witnessing the emergence of AI-USAID on steroids.

🏠 Shanghai is reducing mortgage rates to further support the real estate market. This move aims to stimulate housing demand and stabilize the sector amid ongoing economic challenges. The decision reflects the government's commitment to bolster the property market and encourage home purchases. For more information, visit this link.

🇨🇳🇷🇺 Chinese President Xi Jinping has departed for Russia, according to Xinhua news agency. The visit is anticipated to strengthen ties between the two nations amid ongoing global challenges. Further details regarding the agenda and expected outcomes of the trip remain to be announced.

💎 The price index for 1-carat diamonds rose by 0.7% in April, according to Rapaport.

🎉 Walt Disney Company has reported its Q2 2025 earnings, revealing an adjusted EPS of $1.45, exceeding expectations of $1.20. Revenue reached $23.62 billion, surpassing the estimated $23.05 billion. Disney+ boasts a total of 126 million subscribers, above the anticipated 123.34 million. Looking ahead, the company projects a fiscal year adjusted EPS of $5.75, higher than the estimated $5.44, and anticipates a modest quarter-over-quarter increase in Disney+ subscribers of 2.1%.

🚀 Uber has released its Q1 2025 earnings, reporting revenue of $11.35 billion, falling short of the estimated $11.62 billion. The company's gross bookings reached $42.82 billion, slightly below the expected $43.14 billion. Looking ahead, Uber anticipates gross bookings for Q2 to be between $45.75 billion and $47.25 billion, with adjusted EBITDA projected to range from $2.02 billion to $2.12 billion, compared to an estimate of $2.05 billion.