🚨 The United States is strengthening its northern front in Europe amid fears of a potential war with Russia. In an effort to make NATO more lethal, the Pentagon is concentrating on the extreme north and the Baltic countries, as reported by the Wall Street Journal. For more details, visit the full article here: WSJ.
🌍 Central bankers from around the world gather in Tokyo today for a two-day meeting, while the Bitcoin 2025 conference kicks off in Las Vegas. Key economic data is set to be released, including the European Union's Consumer Confidence and inflation expectations at noon Moscow time, followed by the U.S. Durable Goods Orders and Consumer Confidence later in the day. Notable speakers include UK’s Hauser and US’s Kashkari. Meanwhile, an international security meeting begins in Moscow. For corporate reports, Renaissance Insurance and Pinduoduo are scheduled to release their results.
🇨🇳 China's industrial profits grew at a faster pace than expected in April, despite ongoing trade tensions and deflationary pressures. The report highlights the resilience of the country's manufacturing sector amid challenging economic conditions. For more details, visit CNBC.
🚗 Sales of cars in the EU in April saw a slight decline of 0.3% year-on-year, according to ACEA. In contrast, electric vehicle sales surged by 27.8% year-on-year during the same period. However, Tesla experienced a significant drop, with sales plummeting by 49% year-on-year in April.
🚨 The Russian Ministry of Economic Development warns of potential economic cooling and expects the Central Bank to consider favorable inflation data in its upcoming rate meetings, stated Minister Maxim Reshetnikov. Increasingly, experts anticipate that the Central Bank of Russia may lower the interest rate at its meeting on June 6. For more details, visit this link.
⚠️✴️ The Google quantum computing team has discovered that breaking the RSA encryption used in BTC wallets and banking operations may require 20 times fewer qubits than previously thought. If quantum technologies advance sufficiently, they could compromise the cryptographic systems that secure BTC, warns BlackRock.
🇺🇸🇪🇺🇷🇺 The negotiations between the EU and the US aimed at jointly combating the circumvention of anti-Russian sanctions have failed, according to the newspaper Süddeutsche Zeitung. Discussions to coordinate actions against the evasion of these sanctions are no longer taking place.
🌍 The St. Petersburg International Economic Forum (SPIEF) will take place from June 18 to June 21, 2025.
⚠️🇷🇺 The profitability of part of the coal industry in Russia is expected to remain low until 2030, according to a report. By that year, only exporters of coking coal are projected to maintain profitability. In contrast, the profitability of suppliers of energy coals and anthracite, which is in demand in the Chinese market, is likely to remain negative across most sectors, possibly worsening over the next five years. This situation poses a risk of coal mining companies, particularly those extracting mass-grade coals through underground methods, exiting the market. — Ъ
This media is not supported in your browser
VIEW IN TELEGRAM
🥚 The Russian Union of Producers reports that the price of eggs in Russia has dropped below 100 rubles for the first time in a year and a half.
🚀 Remixpoint plans to acquire an additional 1 billion yen in BTC. Meanwhile, Blockchain Group aims to raise 63 million euros to add BTC to its balance sheet.