🇮🇷 The fifth round of negotiations between Iran and the United States regarding Iran's nuclear program has commenced in Rome.
⚠️🇺🇸🇪🇺 Polish Minister of Trade, Baranowski, stated that the EU and the US have until early July to negotiate, and discussions are ongoing. He emphasized that negotiations are being conducted behind closed doors, with EU Trade Commissioner Šefčovič performing well. Baranowski noted that Trump is eager to reach an agreement with the EU quickly, aligning with their ambitions.
🚨 European automotive stocks took a hit today, with significant declines reported. BMW shares fell by 4%, while Porsche experienced a drop of 4.5%. Mercedes saw a decrease of 4.3%, and Volkswagen's stocks declined by 3.3%. Investors are closely monitoring the situation as the market reacts to ongoing economic challenges.
⚡️ OGKB announces 2024 dividends for OGC-2 at 0.0598 RUB per share. The General Meeting will be held on June 23, with the cutoff date set for July 10.
⚠️🇪🇺🇺🇸 Europe has launched an additional antitrust investigation against Visa and Mastercard. This move comes as part of ongoing scrutiny over the companies' fees and practices. The investigation aims to ensure fair competition in the financial sector, potentially impacting consumers and businesses alike. For more details, visit Bloomberg.
⚠️ The European Commission will begin consultations on May 23 regarding sanctions against "Nord Stream 2" in an effort to curb the return of Russian gas. This move reflects ongoing geopolitical tensions and aims to reinforce energy security within the EU. For more details, visit BBG.
🚀 Bitwise forecasts that by the end of 2026, countries, institutions, and corporations will collectively own 4.269 million BTC.
📢 India and the United States are nearing a significant trade agreement, with expectations for completion in the next 7 to 10 days, according to CNBC.
🚨 Ahead
🇺🇸 The U.S. will release its New Home Sales data for April at 17:00 Moscow time.
🇺🇸 The U.S. will release its New Home Sales data for April at 17:00 Moscow time.
🚨 New Home Sales in the United States for April increased by 10.9% month-over-month, exceeding expectations of a 4.7% decline and a previous growth of 7.4%.
⚡️🇷🇺 The Russian ruble plans to eliminate all foreign currency transactions on the Moscow Exchange, according to sources. This move is part of a broader strategy to strengthen the national currency and reduce reliance on foreign assets. More details are expected as the situation develops.
🛢 Oil has fully recovered from losses following Trump’s tweet regarding tariffs on EU goods, according to monitoring reports.