💥 Today at 15:00 UTC, FTX will begin distributing over $5 billion in stablecoins to creditors. Many experts anticipate that part of this capital will flow into the market, potentially leading to a surge in prices.
✈️ Aeroflot Group reported a significant surge in its net profit for Q1 2025, rising 24 times to 26.9 billion rubles under IFRS. The airline recorded a corrected loss of 3.4 billion rubles, compared to a corrected profit of 6.5 billion rubles in the same period last year. Revenue increased by 9.6% year-on-year, reaching 190.2 billion rubles. For more details, see the report.
🇷🇺 Artgen Biotech has reported its RAS results for the first quarter of 2025, showing a net profit of 29.6 million rubles, down from 68.7 million rubles in the same period last year.
🚀 Sber has launched a city tour to discuss the impact of artificial intelligence on the market. Sber Investments held its first investment event in St. Petersburg, focusing on how AI transforms financial markets. Analysts, issuers, and Sber representatives explored changes in investments from stock exchanges to private portfolios. Aisha Kubezova and Dmitry Sukhoverkhov proposed measures to support private investors, including family investment accounts and simplified tax interactions, emphasizing offline communication and dialogue about the future of investments in the digital age.
💰 Gazprom reported a net profit of 660 billion rubles for the first quarter of 2025, slightly up from 653 billion rubles in the same period last year. The company's revenue for the quarter reached 2.8 trillion rubles, aligning closely with analyst consensus of 2.855 trillion rubles. Additionally, Gazprom's debt load, measured as net debt/EBITDA, decreased to 1.68 from 1.83 at the end of 2024.
⚡️ A Swiss court's decision regarding the debt restructuring of NORD STREAM 2 AG has come into effect, leading to the termination of the bankruptcy moratorium, according to "Gazprom" as reported by TASS. The moratorium on the bankruptcy of Nord Stream 2 AG has officially ended.
📞 The U.S. Trade Representative, Katherine Tai, announced that efforts to arrange a phone conversation between former President Donald Trump and Chinese President Xi Jinping are ongoing. The discussions aim to address key trade issues between the two nations, reflecting the continued importance of dialogue in U.S.-China relations.
🚨 Upcoming Economic Reports
The United States will release its preliminary trade balance for April at 15:30 Moscow time, followed by the PCE Price Index for inflation in April at the same hour. Meanwhile, Canada is set to announce its GDP for the first quarter of 2025 at 15:30 Moscow time.
The United States will release its preliminary trade balance for April at 15:30 Moscow time, followed by the PCE Price Index for inflation in April at the same hour. Meanwhile, Canada is set to announce its GDP for the first quarter of 2025 at 15:30 Moscow time.
🚨 Russian chemical company Acron has announced that its shareholders have approved dividends for 2024, amounting to 427 rubles per share. This includes an additional 107 rubles per share sourced from undistributed profits for the year 2023. The record date for the dividends is set for June 9.
🔥🇺🇸 The latest report on inflation in the United States reveals that the PCE Price Index for April shows a month-over-month increase of 0.1%, matching expectations. Year-over-year, it rose by 2.1%, slightly below the anticipated 2.2%. The core PCE stands at 2.5% year-over-year, in line with expectations but down from 2.6% previously. This index is favored by the Federal Reserve as a key inflation indicator. For more details, visit here.
🚨 The United States has reported a preliminary trade balance for April at -$87.62 billion, significantly better than the anticipated -$142.8 billion. The previous figure for March was -$162.25 billion.
🚨 Canada has reported its GDP for the first quarter of 2025. The quarter-on-quarter growth stands at +0.5%, surpassing expectations of +0.3% but slightly lower than the previous +0.6%. Year-on-year, the GDP growth is +2.2%, exceeding forecasts of +1.3% but down from the earlier +2.6%.
🇷🇺 President Putin has approved the IPO of Dom RF, stipulating that the state's share must remain at least 50% plus one share.