🌕 In a remarkable trend, gold fund inflows are hitting historic records this year, according to a report from BofA|EPFR. This surge reflects a strong interest in gold as a safe-haven asset amidst ongoing macroeconomic uncertainties. Investors are increasingly turning to gold to hedge against inflation and market volatility, indicating a significant shift in financial flows towards this precious metal.
Alpha
💥✴️🇺🇸 CRCL surged by 40% following its debut yesterday, which saw an impressive increase of 168%.
💥✴️🇺🇸 CRCL has surged by 15%.
🇷🇺 Holders of global depositary receipts (GDRs) for international Fix Price will receive a larger share in the Russian business when exchanging them for shares of the Russian PAO "Fix Price". This was revealed by Dmitry Kirsanov, managing director of Fix Price, in an interview with "Kommersant" here.
🚨 Ahead
The United States will release consumer inflation expectations data from the New York Federal Reserve for May at 18:00 Moscow time.
The United States will release consumer inflation expectations data from the New York Federal Reserve for May at 18:00 Moscow time.
🚀 Chainlink is participating in a pilot project for CBDC settlements between Hong Kong and Australia, collaborating with Visa, Fidelity, and China AMC.
🚨 The United States has reported a decrease in one-year consumer inflation expectations for May, now at 3.2%, down from 3.6%. Similarly, three-year consumer inflation expectations have also fallen to 3%, compared to the previous 3.2%. Additionally, five-year consumer inflation expectations have dropped to 2.6%, down from 2.7%.
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⚠️🇺🇸 Los Angeles is bracing for another wave of protests, according to the WSJ. In a notable social media move, Elon Musk shared a video featuring California Governor Gavin Newsom discussing the state's prosperity, juxtaposed with footage of the unrest occurring in Los Angeles.
⚠️🇺🇸 Ray Dalio warns that the United States is nearing a critical point of civil war. The prominent investor highlighted escalating tensions and divisions within the country, suggesting that the situation could lead to significant unrest if not addressed. His comments reflect growing concerns about social and political instability in America.
💥✴️ TON has emerged as the number one blockchain for daily NFT trading volume, according to Pavel Durov. If off-exchange transactions are excluded, it stands as the second after Ethereum.
🚀 KULR Technology is set to raise $300 million to acquire Bitcoin (BTC) for its balance sheet. The company's move reflects growing interest in cryptocurrency among corporate entities, signaling a shift towards digital assets in the corporate world. For more information, visit KULR Technology's official page.
📱 At 20:00 Moscow time, Apple will host its annual developer conference, the Apple WWDC25. The event is anticipated to feature announcements of new products and the company's latest AI strategies. Historically, shares of AAPL tend to decline during WWDC. For more details, visit the official event page at Apple Events.
💰 In May, exporters reduced currency sales to $7.3 billion, down from $10 billion in April, mainly due to falling oil prices and holiday periods. Corporate clients of banks spent 1.6 trillion rubles on currency purchases, marking the lowest level since June 2024. Meanwhile, individuals increased their currency purchases to 111 billion rubles, up from 69 billion rubles in April, driven by a strengthening ruble and the onset of vacation season. For more details, see the CB review.
📈 In May, the Russian stock market continued to receive strong support from individual investors, who purchased securities worth 26.1 billion rubles. The main net sellers remained non-governmental organizations managing their own funds, offloading shares valued at 15.9 billion rubles, down from 24.8 billion rubles in April. Additionally, banks outside of the Central Bank's system also sold shares, with net sales in May reaching 8.6 billion rubles compared to 24.9 billion rubles in April. For more details, see the review by the Central Bank.