🇺🇸 The U.S. Supreme Court has supported Trump's request to fire heads of various agencies but has strongly recommended making an exception for the Federal Reserve, suggesting that board members should have special protections against presidential dismissal. On April 9, Trump requested the Supreme Court's permission to terminate leaders of agencies like the SEC and the Fed. For more details, visit here.
💰 T-Bank predicts the Russian ruble will weaken to a range of 95-100 rubles per dollar by the end of the year. The bank notes that the ruble's prolonged strength cannot be attributed to a single factor. A combination of influences, including exports that have yet to respond to falling commodity prices, a pause in imports that will soon recover, and investment operations adjusting to high rates and market changes, are all at play.
⚠️🇷🇺 In the first quarter of 2025, 70% of entrepreneurs reported a decline in demand, leading to decreased sales and revenue, according to a recent survey. This trend highlights growing concerns within the business community about the economic outlook. For more details, visit Vedomosti.
✨ Santiment reports that crypto projects in the tokenization sector (RWA) are currently witnessing the highest developer activity. This surge highlights the growing interest and innovation within the RWA space, indicating a significant shift in the crypto landscape. For more details, visit Santiment.
🚨 "Polar Lithium" is exploring the export of its products, noting strong demand in China, according to TASS. The company plans to commence construction of a mining and processing plant at the Kolmozerskoye deposit in mid-2026, with the earliest launch date set for 2028, as stated by the CEO.
📈 UBS Global Wealth Management has raised its year-end target for the S&P 500 to 6,000 from 5,800. The firm anticipates that the index will reach 6,400 by June 2026.
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🎥 San has released a video featuring Trump's crypto dinner.
🚢 Sovcomflot reported a net loss of $393 million for the first quarter, a stark contrast to the profit of $216 million from the same period last year. Increased sanctions against the company have complicated fleet operations, resulting in reduced revenues and idle time for a portion of the "sanctioned" vessels. For further details, visit here.
🇺🇦 A second round of negotiations between Russia and Ukraine is expected to take place next week, according to BBG.
🌎 According to BofA-EPFR data, US stocks experienced a net outflow of $1.8 billion, marking a significant shift. In Europe, stocks saw inflows for the sixth consecutive week. Japanese stocks recorded a notable outflow of $4 billion, while emerging market stocks faced their largest weekly outflow in 14 weeks. On the bond front, global bonds gained $25 billion, with emerging market bonds seeing their strongest inflow since January 2023, continuing a five-week trend. Gold faced a severe outflow of $2.9 billion, the largest since April 2013.
📈 The UWGN stock has seen an increase of 8% following yesterday's dividend distribution.
💥 The Russian stock market index OZPH has seen a rise of 2%. Today marks the release of the International Financial Reporting Standards (IFRS) for the first quarter. Additionally, the dividend announcement for the first quarter is set for May 28.
🚨 The Board of Directors of TGK-1 has announced a dividend for 2024 set at 0.00082 RUB per share. The decision regarding the state of affairs will be discussed on June 19.