🌍 Ukraine has lost the Shevchenkivske lithium deposit, highlighting a core issue in the resource deal between Washington and Kyiv, according to a New York Times report. As more territories come under Russian control, Ukraine's resource offerings to the U.S. diminish. Le Figaro reports that Ukraine has now lost two of its four lithium deposits, while the remaining two—Dobre and Porokhivske in Kirovohrad region—are still under Kyiv's control.
⚠️🇺🇸 Tariffs pose a significant inflationary challenge for the Federal Reserve, warns the Bank for International Settlements (BIS). The rising costs associated with tariffs could complicate monetary policy and exacerbate inflationary pressures in the economy. For more details, visit here.
🌕🇺🇸 Texas Governor Abbott has signed a law making gold and silver legal tender for everyday financial transactions.
🚗 In Belarus, a new vehicle named "Volgatti" has been developed, combining elements from BMW, GAZ-21, and Bugatti. This innovative hybrid aims to blend luxury and classic design, showcasing the nation's growing automotive industry.
🌍 Today marks the last day of the month and the end of the quarter, potentially leading to window-dressing in some assets. China's Foreign Minister begins a visit to the EU. Key economic releases include China's Manufacturing/Services/Composite PMI at 04:30 MSK, UK's Q1 GDP at 09:00 MSK, Germany's preliminary CPI at 15:00 MSK, and US Chicago PMI at 16:45 MSK, followed by the Dallas Fed Mfg Business Index at 17:30 MSK. ECB President Lagarde speaks at 20:30 MSK. Russia's dividend announcements are also expected for several companies.
🌍 Canada has rescinded a digital services tax set to take effect on June 30, aiming to resume trade talks with the US. Former President Trump had previously halted discussions over what he termed Ottawa's "brazen attack." The objective of these negotiations is to secure a trade agreement by July 21. For more details, visit this link.
📊 China’s economic indicators for June show a Composite PMI of 50.7, up from 50.4. The Manufacturing PMI stands at 49.7, a slight decrease from 49.5, while the Services PMI is at 50.5, up from 50.3. This marks the third consecutive month of contraction in manufacturing activity amid ongoing deflation concerns. For more details, visit CNBC.
🚫 Iran has banned Starlink, the satellite internet service, in a move that reflects ongoing tensions with the United States. The decision comes amid concerns over the platform's potential to provide unrestricted internet access within the country. This ban is part of Iran's broader strategy to control information and limit foreign influence in the digital space.
🚀 Iran's cryptocurrency exchange Nobitex has begun to resume operations following a significant hack that resulted in a loss of $90 million.
🚀 Asian company Metaplanet (MTPLF) has added another 1,005 BTC to its balance, following the trend of corporate investments in cryptocurrency. Today, the company's acquisition will be officially reported by Strategy.