📞 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.
⚠️ The Russian Foreign Ministry announced that a Russian delegation will arrive in Istanbul on June 2 with a draft memorandum and other proposals aimed at ceasing hostilities. The ministry emphasized that there is no discussion of mediation involved.
🇷🇺 The consensus forecast indicates that Rosneft's net profit in the first quarter increased by 5% compared to the previous period, reaching 166 billion rubles.
💼 Stripe, the payment giant, is in preliminary talks with banks to explore the use of stablecoins for global payments.
🚨 Carmoney reports its financial results for Q1 2025 under Russian accounting standards (RUBAS). The company posted a net loss of 9.3 million rubles, compared to a loss of 8.5 million rubles in the same period last year.
📈 NMTP reported its IFRS results for Q1 2025, showing a profit of 10.4 billion rubles, compared to 10.9 billion rubles in the same period last year.
🔔 Upcoming Events
The United States will release key economic data today. The Chicago PMI for May is set to be announced at 16:45 Moscow time. Following this, the Michigan Consumer Sentiment for May will be revealed at 17:00 Moscow time, along with consumer inflation expectations for the same month.
The United States will release key economic data today. The Chicago PMI for May is set to be announced at 16:45 Moscow time. Following this, the Michigan Consumer Sentiment for May will be revealed at 17:00 Moscow time, along with consumer inflation expectations for the same month.