📉 Experts from the Financial University warn that the capitalization of the Russian stock market may deviate by a third from President Putin's target of 66% of GDP by 2030. In the baseline scenario, the deviation could range from 14 to 22 percentage points, according to their research. For more details, visit Vedomosti.
🚨 The CEO of Ripple has denied media reports claiming that the company ever intended to acquire Circle.
🇨🇳🇰🇷 China is prepared to strengthen bilateral relations with South Korea, according to CCTV.
💥 The OFZ index (RGBI) has surpassed 112 as markets anticipate a potential interest rate cut by the Central Bank of Russia on June 6. Even if a reduction is not on the agenda, investors are looking for clear signals indicating a shift towards a softer monetary policy.
📈 Barclays has raised its year-end target for the S&P 500 to 6,050, up from the previous forecast of 5,900.
⚠️🇺🇸 A "big, beautiful" bill proposed by Trump could potentially impact Tesla's profits, according to a report from JPMorgan. The financial institution suggests that the legislation may have significant ramifications for the electric vehicle manufacturer. For more details, visit the full article on Business Insider.
🚨🇺🇸🇬🇧 According to preliminary data from New AutoMotive, Tesla sales in the UK fell by more than 45% year-over-year in May.
⚡️🇷🇺 The Russian ruble is undergoing a special operation aimed at de-dollarization, according to sources.
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🚨🇺🇸 Morgan Stanley predicts that the US dollar could decline an additional 10% against major global currencies. Citi also forecasts further weakening of the dollar following the G-7 meeting as the US softens tariffs. Earlier, Deutsche Bank warned of an impending…
⚠️🇺🇸 Allianz has stated that Trump's "big, beautiful" legislative proposal could result in a decline of the US dollar against major currencies by at least 5%.
🚨 Germany's economic outlook shows signs of contraction as the Composite PMI falls to 48.5 in May, down from 50.1 previously. The Services PMI also declined, registering at 47.1 compared to the prior 49. This data highlights ongoing challenges in the German economy, reflecting decreased activity in the services sector.
🚨 Eurozone Update (May): The Composite PMI decreased to 50.2, down from 50.4. The Services PMI also fell to 49.7, down from 50.1.
🚨 The National Competition Development Plan for 2026-2030 is set to be submitted to the Russian Government by July 1 of this year, according to the Federal Antimonopoly Service (FAS). — FAS