๐ท๐ธ Serbian President Aleksandar Vuฤiฤ has dissolved the parliament, paving the way for potential early elections.
๐บ๐ฆ Russia prioritizes Abu Dhabi as the venue for talks on Ukraine, stated Ushakov, according to Vesti.
๐ท๐บ๐ฎ๐ณ United Aircraft Corporation (UAC) is set to sign agreements with India regarding the Il-114-300 at the "Innoprom" exhibition, reports RIA. The UAC aims to finalize a deal for the delivery of the SJ-100 to an Indian airline by 2027, according to RIA. Additionally, a licensing agreement for localizing the SJ-100 in India is nearly finalized, announced TASS.
๐จ U.S. employment data reveals a rise of 12,000 jobs according to the latest ADP report, slightly surpassing the previous increase of 11,800 jobs.
๐ท๐บ๐ป๐ณ Russian President Vladimir Putin is holding a meeting with the President of Vietnam, To Lam.
โ ๏ธ๐บ๐ธ Apple is set to unveil its first-ever foldable iPhone today. Traditionally, AAPL shares tend to dip as soon as a new product presentation commences.
Chinese President Xi Jinping has joined Russian President Vladimir Putin in committing to the development of bilateral relations with North Korea.
Analysts expect the Central Bank of Russia to pause the reduction of the key interest rate at its upcoming meeting on Friday, according to a survey conducted by RIA Novosti. A consensus forecast by TASS indicates that the Central Bank is likely to maintain the key rate at 14%.
Severstal forecasts a decline in steel consumption in the Russian market for the years 2026-2027. The company notes that ongoing pressure from imports, especially those originating from China and Kazakhstan, continues to affect the Russian steel sector. Furthermore, increased competition in the finished goods segment has been attributed to a surge of low-quality products.
In August, Russian banks issued car loans amounting to 183.7 billion rubles, reaching a record level since early October of the previous year. This increase was driven by a fuel shortage, which heightened demand for electric and diesel vehicles, alongside anticipated increases in recycling fees. โ ะช
โ ๏ธ๐บ๐ธ Bond Yields Update: Jeffrey Gundlach, CEO of DoubleLine and widely regarded as the "Bond King," has indicated that U.S. bond yields are expected to continue rising. He advises investors to avoid investing in 30-year bonds worldwide. Gundlach also highlights a discrepancy between the yield on U.S. two-year bonds and the Federal Reserve's policy rate, recommending a 0.50% increase in the Fed's key interest rate.
In August, China's consumer price index (CPI) increased by 0.4% month-on-month, exceeding the expected 0.3% and reversing the previous decline of 0.1%. On a year-on-year basis, the CPI rose by 0.8%, in line with expectations and up from the prior rate of 0.5%. Producer price index (PPI) inflation also accelerated, increasing by 3.8% year-on-year compared to the anticipated 3.6% and the previous 3.5%. These figures indicate an acceleration of inflation in China during August.
Iran is discreetly relaxing currency controls and increasingly utilizing cryptocurrencies such as USDT and BTC to maintain trade activities in the face of U.S. sanctions and blockades, according to the Financial Times.
The U.S. Treasury may increase its 30-year bond buyback capacity to $10 billion per operation, up from the current $4 billion, according to analysts. Bessent is expected to announce updated buyback parameters for government bonds today, including those for 10-year and 20-year maturities. Previously, Bessent indicated that the buyback volume of "long bonds" could be increased if deemed necessary. Experts emphasize the importance of maintaining market stability ahead of the U.S. midterm elections. Source.