π¨ The UK economy showed signs of slowing in July, as the Composite PMI fell to 51.5 from 52. The Services PMI also dipped to 51.8, down from the previous 52.8, indicating a potential deceleration in economic activity.
π₯πΊπΏ The valuation of IT holding company Uzum, Uzbekistan's first "unicorn," has surged to $1.5 billion following a recent $70 million funding round. This round saw participation from major players including Chinese giant Tencent and American firms VR Capital and FinSight Ventures, as reported by Forbes.
π Ahead
The Eurozone is set to release its Producer Price Index (PPI) for June today at 12:00 PM Moscow time. This data is crucial for understanding inflation trends within the region.
The Eurozone is set to release its Producer Price Index (PPI) for June today at 12:00 PM Moscow time. This data is crucial for understanding inflation trends within the region.
π¨ The Eurozone reported a producer price inflation (PPI) for June, showing a month-on-month increase of 0.8%, slightly below expectations of 0.9%. Year-on-year, the PPI rose by 0.6%, surpassing the anticipated 0.5% and an earlier figure of 0.3%.
π₯π·πΊ The Central Bank of Russia will reduce the volume of currency sales under the budget rule starting August 7, lowering it to 9.24 billion rubles per day from 9.76 billion rubles. Additionally, the Russian Ministry of Finance will decrease its sales of currency and gold to 0.3 billion rubles per day, down from 0.82 billion rubles. For more information, visit the official release.
ππ In June 2025, global central banks purchased approximately 22 tons of gold. In total, during the first quarter of 2025, these banks acquired 123 tons of gold, marking a 5% decline year-on-year. Uzbekistan emerged as the leading buyer of gold in June. For more details, visit WGC.
βοΈ Russian aviation chief Sergey Chemezov announced that the first flight of the fully domestically produced MC-21 is expected in August. This marks a significant milestone in Russia's efforts for import substitution in the aerospace sector. The MC-21 aims to replace foreign aircraft, reflecting the country's commitment to self-sufficiency in aviation technology.
π CIO of Bitwise, Matt Hougan, expressed his strong bullish sentiment on Ethereum (ETH). He highlighted optimism in the cryptocurrency market, pointing to potential growth and opportunities in Ethereum's ecosystem. Hougan's positive outlook reflects a growing confidence among investors regarding the future of ETH. For more information, visit Bitwise Investments.
π’ The U.S. tariff policy has had a limited impact on global demand for oil, according to the head of Saudi Aramco, who noted that consumption continues to rise.
π₯πΊπΈ Palantir Technologies (PLTR) shares surged 5% following strong demand for artificial intelligence and substantial U.S. government contracts. Recently, the Trump administration selected Palantir for extensive surveillance operations on American citizens, while the U.S. Army awarded the company a contract worth $10 billion, set to last until 2035.
β οΈπΊπΈπ·πΊ Witkoff is set to arrive in Moscow this week to persuade President Putin to agree to a ceasefire. Should this effort fail, supporters of Ukraine are hopeful that Trump will impose tariffs on countries purchasing Russian oil. - The Hill
π·πΊ OKEY reports a loss of 95.8 million rubles for the first half of 2025, a significant improvement compared to the 951.7 million rubles loss recorded in the same period last year.
π¨ Oil and gas revenues in Russia fell by 27% year-on-year in July, according to statistics from the Ministry of Finance.
π More companies are opting to add ETH to their balance sheets instead of BTC. ETH has emerged as the preferred token for those seeking more active income. Unlike BTC, which solely relies on price appreciation, ETH can be utilized for staking, providing substantial additional returns β RTRS.
πΊπΈ Caterpillar has reported its second-quarter adjusted earnings per share (EPS) at $4.72, slightly below estimates of $4.88. However, the company's revenue reached $16.57 billion, surpassing expectations of $16.33 billion.
π HSBC has raised its forecast for the S&P 500 index by the end of 2025, increasing it from 5,600 to 6,400.
π¨π³πΊπΈ Trump announced that Chinese President Xi Jinping has proposed a meeting. He stated he will meet with Xi before the end of the year if a trade agreement is reached.
π SharpLink Gaming has acquired an additional 83,561 ETH for its balance, further strengthening its position in the cryptocurrency market. This move underscores the company's commitment to expanding its portfolio in the digital currency space. For more details, visit SharpLink Gaming.
β οΈπΊπΈ Former President Donald Trump has claimed that JPMorgan and BofA have discriminated against him.
π¨ The United States reported a trade balance for June at -$60.2 billion, better than the expected -$62.6 billion and a significant improvement from the previous -$71.70 billion.