π¨ The United States has reported an increase in ADP Nonfarm Employment for the week, with figures showing a rise of 16,200 jobs, up from a previous gain of 4,750.
π¨π’οΈπ·πΊ Discounts on Russian Urals oil at western ports have risen from $20.1-$22.5 per barrel in November to $24.3-$26.4 in the first half of December, according to Argus data reviewed by Interfax. Discounts at Indian ports increased by $2 per barrel, while ESPO dropped by $3 per barrel. The discount in China surged by $6.9 per barrel.
π₯πΊπΈ The U.S. Non-Farm Payrolls for November show an increase of 64,000, surpassing expectations of 40,000 but down from the previous month's revised figure of 119,000. The unemployment rate for November stands at 4.6%, slightly above the anticipated 4.5% and higher than the prior rate of 4.4%.
π On December 23, DOMRF will discuss the approval of its Development Strategy for the period 2025-2030 and the outlook through 2036.
πΊπΈ U.S. Treasury Secretary Bessent and White House advisor Hassett made their traditional TV comments ahead of market openings, stating that:
1) The U.S. economy is doing exceptionally well.
2) Interest rates should be lowered.
3) By 2026, the situation will be even better, with decreased inflation and accelerated economic growth.
1) The U.S. economy is doing exceptionally well.
2) Interest rates should be lowered.
3) By 2026, the situation will be even better, with decreased inflation and accelerated economic growth.
β οΈπ’π·πΈ Serbian President Aleksandar VuΔiΔ announced that the fate of the "Nefotna Industrija Srbije" (NIS), which has been sanctioned by the United States due to its Russian ownership, will be revealed in the coming days.
π New rules for securities issuers regarding information disclosure may take effect on October 1, 2026, as announced by the Bank of Russia. The recently published draft aims to adapt the content of the securities prospectus for retail investors and enhance investor awareness regarding the issuer's performance forecasts. For more details, visit this link.
πΊπΈ Trump has expressed his disappointment with the Federal Reserve, describing it as "partisan." According to Hassett, the former president is frustrated with the Fed's slow response and decision-making, which he believes is hindering economic progress. For more details, visit here.
πΊπΈ Bessent has stated that Warsh and Hassett are the most suitable candidates for the position of Federal Reserve Chair.
π Saudi Arabian company Midad Energy is seeking to acquire overseas assets of LUKOIL, according to RTRS.
π¨ Ahead
The United States will release its Manufacturing, Services, and Composite PMI for December (preliminary) at 17:45 Moscow time.
The United States will release its Manufacturing, Services, and Composite PMI for December (preliminary) at 17:45 Moscow time.
π¨ The latest economic data from the United States for December shows a decline in key indicators. The S&P Composite PMI has dropped to 53, down from 54.2. The S&P Manufacturing PMI is now at 51.8, a decrease from 52.2. Additionally, the S&P Services PMI fell to 52.9, compared to the previous 54.1. These figures suggest a slowdown in economic activity as the year comes to a close.
β΄οΈ According to CryptoQuant, the cryptocurrency market has entered a phase of cleansing from "weak hands." This shift indicates that less committed investors are exiting, potentially leading to a stronger market foundation. For more details, visit CryptoQuant.
π Canadian company Matador Technologies is set to raise an additional $75 million to acquire BTC for its balance sheet.
π’πΊπΈππΊ The United States will supply Hungary with 2 billion cubic meters of LNG over the next five years, as part of a new agreement.