Market news
Crypto, stocks, forex and macro, aggregated for traders.
Russia's May Manufacturing PMI Rises to 48.8, Contraction Pace Eases
Russia's Manufacturing PMI improved to 48.8 in May from 48.1 in April, marking the smallest contraction in three months as production resumed growth despite a sharper fall in new orders, according to S&P Global.
Russian Steel Billet Export Prices Begin to Decline - Kommersant
Export prices for Russian steel billets have started to decline, according to Kommersant, potentially ending the upward trend driven by the Middle East conflict.
Russian Analysts See Gradual Recovery in New Car Sales by 2026, Automakers Skeptical
Analysts expect new passenger car sales in Russia to gradually recover by 2026, while automakers are more pessimistic, predicting at best last year's results.
Russia's Economic Slowdown May Turn Structural, Expert RA Director Says
The head of Russian rating agency Expert RA warned that the current cyclical economic slowdown engineered by the regulator could become structural, according to an interview with TASS ahead of the St. Petersburg International Economic Forum.
Trump Refutes Reports That Iran Deal Excludes Nuclear Program
President Trump denied media claims that the US-Iran agreement does not address the nuclear issue, stating that the nuclear program is the main focus of the pending deal.
US Offers Ceasefire Plan for Israel-Lebanon; Israel Seeks Stronger Strike Approval
The US has proposed a new ceasefire plan between Israel and Lebanon, while Israel has separately requested permission from the US for more powerful strikes on Lebanon.
Russian Authorities Detain Heads of Firms Over Frozen Asset Unblocking Scheme
Russian security forces have arrested Alexei Sedushkin, head of the Investment Chamber, and Yulia Khandoshko, head of broker Mind Money, on fraud charges linked to the unblocking of frozen assets.
Japan's Strategic Oil Reserves Hit Record Low Amid Hormuz Blockade
Japan's crude oil imports fell 66% in April due to the ongoing Strait of Hormuz blockade, driving strategic petroleum reserves to an all-time low, according to Kpler data and Japan's Ministry of Economy.
Trump approval rating hits record low in YouGov poll
President Trump’s approval rating has fallen to a record low in a new YouGov survey. Gallup stopped publishing similar ratings months ago, citing a shift to long-term research.
EU Targets Aerospace Minerals and Oil Tankers in 21st Russia Sanctions Package
The European Union is set to introduce a 21st sanctions package against Russia, including restrictions on minerals used in aerospace and drones, as well as measures targeting around 20 oil tankers, potentially including LNG carriers, according to Bloomberg.
SoftBank to Invest $75 Billion in AI Infrastructure in France
Japanese holding SoftBank plans to invest approximately $75 billion to build AI data centers in France with total capacity up to 5 GW. The first phase could launch by 2028, aiming to boost Europe's technological independence in AI.
EU Considers Freezing Russian Oil Price Cap Amid Middle East Conflict
The European Union is deliberating a temporary freeze on the price cap for Russian oil, currently set at $44.10 per barrel, as the Middle East war prompts a policy review. Options include suspending dynamic and automatic price increases until the end of the year.
Global Economic Calendar: PMIs, Jobs, Central Bank Speeches
A packed week ahead with manufacturing and services PMIs from major economies, US jobs data, central bank speeches, and key inflation reports.
Trump Tightens Terms for Iran Nuclear Deal, Warns of Military Action
President Trump has toughened the conditions for a potential framework agreement to end the conflict with Iran, according to three officials. The changes have been sent to Iran for review, though the new demands are not yet known. Trump also stated that if no deal is reached, the US is prepared to resume military operations against Iran.
US tests humanoid combat robots in Ukraine war zone — CNBC
The U.S. is testing humanoid robots on the battlefield in Ukraine, according to CNBC. Foundation Future Industries plans mass production of military robots for the U.S. Army.
Court Orders Trump's Name Removed From Kennedy Center, Must Respond to Charges
A U.S. court has ordered the removal of Donald Trump's name from the Kennedy Center in Washington, D.C., and also mandated that he respond to conspiracy allegations in a tax case. Trump will headline the Great American Fair for the U.S. 250th anniversary after artist withdrawals.
FinEx to Liquidate Frozen ETFs for Russian Investors
FinEx has decided to liquidate its ETF funds frozen for Russian investors since June 2022 due to sanctions on the National Settlement Depository. The move aims to allow an orderly return of capital to eligible investors.
Russia, China to Get Special Passage Through Strait of Hormuz: Iran Official
Moscow and Beijing will have special conditions for passage through the Strait of Hormuz, according to the head of the Iranian parliament's national security and foreign policy committee, Ebrahim Azizi.
US Confiscates $1B in Crypto from Iran; Tether Freezes USDT on Request
US Treasury Secretary Bessent announced at the Reagan Economic Forum that the United States has seized $1 billion worth of cryptocurrency from Iran. Tether is actively cooperating by freezing any USDT tokens identified by the Treasury.
Trump Delays Decision on Iran Proposal, Ceasefire Extension Possible
President Trump has postponed a final decision on Iran's latest proposal, with the White House considering an extension of the ceasefire, according to the New York Times.
Bessent Reaffirms US Opposition to Central Bank Digital Currency
US Treasury Secretary Scott Bessent stated the administration will not pursue a Central Bank Digital Currency, calling it a step toward tracking.