🚨🇺🇸 Prices for used cars in the United States continue to rise due to Trump's tariffs, according to a report by CNBC.

⚠️🛢🇷🇺 Russia's revenues from oil and gas have declined for the third consecutive month, leading to a widening budget gap. For more information, visit BBG.

🚨 Ahead

Russia's consumer inflation (CPI) data will be released today at 19:00 Moscow time.

✨ eToro's IPO sees significant oversubnoscription, indicating strong investor interest. The trading platform, known for its cryptocurrency services, has attracted considerable attention ahead of its public offering. With the growing trend in digital asset trading, eToro aims to capitalize on the increasing demand. For more details, visit eToro.

⚠️🇪🇺🇷🇺 The European Union is set to include 54 individuals, 14 companies, and 149 tankers in its 17th sanctions package against Russia, according to EUObserver.

🌍 A meeting with President Putin will significantly boost the development of Russian-Chinese relations, according to Xi Jinping. China and Russia will defend the international system based on global order and law, opposing hegemony and "power politics." For more details, visit ТАСС.

🇬🇧 ARM Holdings reported a fourth-quarter adjusted operating income of $655 million, exceeding estimates of $621.8 million. The company anticipates first-quarter revenue ranging from $1 billion to $1.1 billion, aligning with the estimated $1.1 billion.

⚠️🇺🇸 Berkshire Hathaway has consistently increased its cash reserves in the years leading up to crises and recessions. As of early May 2025, the company's cash balance reached a record $347.7 billion. Buffett stated that he does not foresee short-term buying opportunities, but there may be possibilities within the next five years, although this is not certain.

🇺🇸 Occidental Petroleum reported earnings per share (EPS) of $0.87, surpassing estimates of $0.76. However, the company's revenue reached $6.803 billion, falling short of the expected $6.91 billion. The results reflect the ongoing challenges in the energy sector. For more details, visit Oxy.

🚨 Ukraine is considering the euro as its primary currency instead of the US dollar, according to the head of Ukraine's central bank. The shift aims to enhance financial stability and reduce dependency on the dollar. For more details, visit this link.

🌕 The "NYSE/U.S. GDP" ratio is currently at levels that historically precede a significant increase in the "GOLD/NYSE" ratio, indicating a strong rise of gold relative to U.S. stocks. For more details, see the presentation.

🗓Today’s calendar — May 8, 2025

The ceasefire between Russia and Ukraine will take effect during the May holidays and last until May 11. Key economic events include Japan's central bank meeting minutes at 02:30 MSK, Germany's industrial production data at 09:00 MSK, and the UK central bank interest rate decision at 14:00 MSK. In the US, Initial Jobless Claims will be released at 15:30 MSK, followed by EIA natural gas storage at 17:30 MSK. Additionally, the US Senate will vote on the GENIUS bill concerning stablecoin regulation.

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🌎 The exchange rates as of today are as follows: USDCNY stands at 7.234, while USDTRUB is at 83.50.

🌍 Former President Donald Trump announced a significant news conference scheduled for tomorrow at 10:00 A.M. in the Oval Office. He is set to reveal details about a major trade deal with representatives from a prominent and highly respected country. This announcement could mark the beginning of numerous trade agreements. According to the New York Times, Trump may disclose a trade deal with Britain on May 8. Notable market reactions include SPX rising by 1% and Bitcoin exceeding $99,000.

🇺🇸 Former President Donald Trump announced plans for a significant tax cut aimed at middle and working-class Americans. This initiative, touted as the largest tax reduction in history, is expected to benefit a wide range of citizens. For further details, visit here.

💥✴️🇺🇸 The SP500 and BTC are on the rise following Trump's announcements regarding a trade deal and taxes.

🚨 North Korea has launched unidentified ballistic missiles that fell into the Sea of Japan, outside Japan's economic zone, according to Yonhap.

⚡️ Today, President Vladimir Putin and President Xi Jinping will hold talks in Moscow. The agenda includes international issues such as cooperation within BRICS, the Shanghai Organization, and the G20, as well as the growth of bilateral trade. Discussions will also cover energy collaboration, notably the "Power of Siberia-2" gas pipeline. Russian and Chinese delegations will explore economic cooperation, according to Kirill Dmitriev, head of the Russian Direct Investment Fund. Xi Jinping stated that his visit will significantly boost strategic collaboration between Russia and China.

📉 Weekly inflation in Russia has nearly dropped to zero.

💥✴️ Bithumb, the second-largest exchange in South Korea after the leading Upbit, has announced the listing of Particle Network (PARTI) and Balance (EPT).