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.
β¨πΊπΈ Mastercard has announced a partnership with the ADI Fund in Abu Dhabi to expand settlements in stablecoins and tokenized assets across the UAE and the Middle East. The collaboration aims to enhance blockchain innovation in the region, facilitating more efficient transactions. For more details, visit the official announcement here.
β οΈπͺπΊ Business activity growth in the Eurozone slowed more than expected at the end of 2025. In November, the decline in manufacturing deepened, while the recovery in the dominant services sector of the bloc also lost momentum, according to RTRS.
π¨π’οΈπΊπΈ WTI crude oil prices have fallen below $55, marking the lowest level since February 2021. If prices dip below $50, American oil producers may begin to rally against former President Trump, reflecting growing frustrations within the industry.