๐ท๐บ Mikhail Mishustin announced that 80% of Russian companies are expected to switch to domestic software by 2030. This initiative is part of a broader effort to enhance the country's technological independence and promote local development in the IT sector. The move aligns with ongoing import substitution policies aimed at reducing reliance on foreign technologies.
๐จ The S&P Manufacturing PMI for the United States in September has been reported at 52, matching expectations but down from the previous figure of 53.
๐ข The monitoring committee meeting of OPEC+ (JMMC) concluded without any recommendations. The next JMMC meeting is scheduled for November 30. A full meeting of OPEC+ countries is set for October 5, where they will establish the oil production plan for November.
๐ท๐บ The Ministry of Finance has placed OFZ 26224 bonds totaling 20.6 billion rubles, with demand reaching 33.17 billion rubles. The average yield stands at 14.62%.
๐ข๐ญ๐บ๐น๐ฒ Hungary has decided to purchase gas from Turkmenistan. Adam Stifter, Deputy State Secretary for Eastern Relations, announced that Hungary expects Turkmenistan to supply gas in the near future. This topic was discussed during a meeting of the intergovernmental commission between the two countries.
๐จ The ISM Manufacturing PMI for the United States in September has been reported at 49.1, surpassing expectations of 49 and up from the previous figure of 48.7.
๐บ๐ธ Microsoft plans to primarily utilize its own AI chips for data centers in the future, according to a report from CNBC. The tech giant is focusing on developing proprietary solutions to enhance its AI capabilities and streamline operations. For more details, visit CNBC's report here.
โ ๏ธ๐บ๐ธ๐ฎ๐ท The United States has expanded its sanctions against Iran, according to the Treasury Department.
๐ท๐บ On October 1, the Ministry of Finance conducted two auctions, placing the highest volume of OFZ since March 12, totaling 231.671 billion rubles.
๐จ๐ท๐บ Shareholders of EUROTRAN have approved dividends for the first half of 2025 at a rate of 8.18 RUB per share, which includes 3 RUB per share for the second quarter. The cut-off date for eligibility is set for October 20.
๐จ Ahead
The U.S. oil inventory data from the EIA is set to be released at 17:30 Moscow time. Previously, the API reported a decrease in inventories by -3.674M.
The U.S. oil inventory data from the EIA is set to be released at 17:30 Moscow time. Previously, the API reported a decrease in inventories by -3.674M.
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โ ๏ธ๐บ๐ธ Speaker of the U.S. House of Representatives Mike Johnson stated, "We can't do anything to make the continuing resolution better for the Democrats." The House is set to return next week.
๐ข๏ธ The U.S. Energy Information Administration (EIA) reports a rise in crude oil inventories, with stocks increasing by 1.792 million barrels. This figure surpasses analysts' expectations of a 1.500 million barrel increase and follows a previous decrease of 0.607 million barrels. For detailed information, visit the EIA website.
๐บ๐ธ Google is set to reduce its workforce in the cloud division, according to Insider. The companyโs decision reflects ongoing adjustments within its business strategy as it navigates a competitive market. More details regarding the number of layoffs and the impact on operations are yet to be disclosed.
๐จ EUROPEAN UNION - RUSSIA
For the first time in 11 years, State Duma deputies met with their colleagues from the European Parliament via video conference. The discussion included the ongoing conflict in Ukraine and the restoration of cooperation between Russia and European nations, according to the press service of the State Duma Committee.
For the first time in 11 years, State Duma deputies met with their colleagues from the European Parliament via video conference. The discussion included the ongoing conflict in Ukraine and the restoration of cooperation between Russia and European nations, according to the press service of the State Duma Committee.