Russia's largest retailer, X5, has petitioned the Russian President to revoke a key provision of the Trade Law. This regulation restricts networks from opening new stores after reaching a 25% market share in a municipal area or region. Retailers contend that amending this rule will help maintain uninterrupted food supplies, which are currently threatened by attacks on logistics infrastructure. Further details can be found in this report.

The role of OPEC remains significant, and the organization is expected to continue exerting substantial influence on global markets, according to Novak. Previously, RTRS reported that OPEC+ had lost its influence on the oil market six months into the war in Iran.

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The Japanese Yen has continued to strengthen significantly against the US Dollar following a series of interventions yesterday. Meanwhile, the Nikkei index is experiencing downward pressure.

The Moscow Exchange is scheduled to introduce 20 perpetual futures on U.S. stocks this September. Trading of these new perpetual futures on global assets will begin in two phases, on September 8 and 15, 2026, according to the official release.

In Germany, the Composite PMI for August increased to 51.8, up from 51.3 in the previous period. Conversely, the Services PMI experienced a slight decrease, registering at 49.7 compared to 49.8.

Iran conducted strikes on U.S. military bases in the United Arab Emirates and Kuwait on Thursday, according to IRNA.

Sales of new passenger and light commercial vehicles (LCVs) in Russia declined by 7.3% year-on-year in August, according to the AEB.

🚨 Kostin does not anticipate that the Russian Central Bank will keep its key rate unchanged at the forthcoming meeting, contrary to market expectations, according to TASS. Gref asserts that the Bank of Russia has the capacity to further lower its key rate despite rising inflation. He attributes the inflation to a supply shock caused by capacity losses from drone attacks, rather than a demand surge, and notes that this does not warrant a monetary policy response, as reported by Vedomosti.

FESCO has obtained credit ratings in China. For further information, please refer to the official release.

Negotiations regarding the route and commercial terms for supplies via the "Power of Siberia 2" pipeline are currently underway between the involved companies. Further discussions are scheduled for tomorrow at the intergovernmental commission, according to Novak, as reported by Vesti.

Central banks worldwide purchased 23 tons of gold in July, representing an almost twofold decrease compared to the previous month. Notably, China's central bank increased its gold acquisitions in recent months. Year-to-date, global central banks have acquired approximately 130 tons of gold, compared to 160 tons during the same period last year, according to data from the World Gold Council (WGC).

🇷🇺 The situation concerning developer bankruptcies is under control. There are no critical issues related to developer bankruptcies in Russia, stated Nikita Stasishin, Deputy Minister of Construction and Housing of the Russian Federation, to RIA Novosti.

The Moscow Exchange Index (IMOEX) increased by 1.5%.

The United States is scheduled to release the Initial Jobless Claims data at 3:30 PM Moscow time. Concurrently, the trade balance figures for July will also be published.

Federal Reserve Governor Waller has expressed concerns about the potential for further inflationary growth. However, he acknowledged initial signs of disinflation and advocated for maintaining the current interest rate at the upcoming meeting. Previously, he had supported raising the rate promptly to mitigate future economic challenges.

China intends to strengthen investment cooperation with Russia, according to Xinhua.

The Moscow Exchange Index (IMOEX) increased by 1.5%.

Billionaire investor Leon Cooperman has forecasted a recession in the United States in 2027, accompanied by a decline in stock prices. Cooperman conducts an annual review of economic conditions, providing predictions regarding potential economic downturns and stock market performance in the years ahead.

British Prime Minister Burnham and President Macron discussed further steps to establish production lines for long-range SCALP missiles, utilizing British technology in Ukraine, according to a communiqué issued following their meeting.

⚠️🇺🇸🇪🇺 Former President Donald Trump stated that the United States will require Europe to reimburse funds spent by the Biden administration on military aid to Ukraine. Experts anticipate the implementation of new tariffs. Previously, following a U.S. court ruling deeming Trump's tariffs unlawful, he announced plans to explore alternative methods and justifications for imposing stricter tariffs on other countries to increase revenue.