⚠️🇺🇸 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. — Ъ

⚠️🇺🇸 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.

A slight outflow from spot Bitcoin ETFs was observed following yesterday's trading session. However, the monthly inflow remains one of the largest of the year, according to data from SoSoValue.

The United States national debt has exceeded 100% of GDP for the first time since World War II. Concurrently, yields on government bonds are increasing, resulting in higher costs for debt servicing.

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.

Government bond yields in G7 countries continue to rise. The average borrowing cost for the Group of Seven nations has reached its highest level since the global financial crisis, according to the Financial Times.

The internal strength of the S&P 500 has declined significantly over the past two weeks, with only 42% of its constituent stocks trading above their 50-day moving average, marking a five-month low. Historically, the U.S. stock market tends to experience weakness beginning in August, reaching a nadir in mid-September, before rallying in the fourth quarter, according to Bank of America. Despite typical September trends, the S&P 500 is currently consolidating near record highs. Recently, former President Trump expressed optimism that stock prices will increase, and analysts expect a potential boost during the election season.

The U.S. Dollar Index (DXY) remains consolidated at a 14-year support level. This development indicates potential market shifts, as a rising dollar typically exerts downward pressure on risk assets such as stocks and cryptocurrencies, whereas a declining dollar generally supports these assets.

Global prices for coking coal experienced a significant increase in August.

Cuban President Miguel Díaz-Canel has affirmed that Cuba will no longer be subject to colonial control. Previously, former U.S. President Donald Trump had frequently asserted that seizing Cuba would be an easy undertaking for the United States.

✴️🇩🇪 Germany is set to introduce a 25% tax on profits from cryptocurrency transactions starting in 2027. This move will abolish the current one-year period during which profits remain untaxed.

🚨 The Russian Finance Ministry has successfully placed OFZ 26218 bonds, amounting to 51.49 billion rubles. The auction witnessed substantial demand, totaling 91.82 billion rubles. The average yield on these bonds is reported at 15.45% per annum.

❗️🛢 Iran is set to permanently ban the passage of vessels to the east of the Strait of Hormuz, expanding the restricted zone into the Gulf of Oman and the Arabian Sea. This new restricted area, announced by Tehran, will encompass regions including the port city of Chabahar. This move, communicated by the IRGC, aims to enforce Iran's maritime boundaries by prohibiting any ships from traveling through these designated waters.

✴️According to the indicator, the crypto market has been in the "greed" zone for 20 consecutive days.

🇷🇸 Serbian President Aleksandar Vučić has dissolved the parliament, paving the way for potential early elections.