🚨 The UK has reported its Composite PMI for July at 52.2, up from the previous 49.3. The Services PMI also showed improvement, rising to 51.1 from 48.8. This reflects a positive shift in the economic landscape as the country navigates post-pandemic recovery.
🚫🛢 The opening of the Strait of Hormuz hinges on changes in U.S. behavior, regardless of ongoing negotiations, according to Iranian Press TV. The strait will remain closed until one side fully capitulates, reports Bogdanoff Politics Research.
🔥 The Russian Ministry of Finance plans to increase currency and gold purchases to 6.5 billion rubles per day starting August 7. Many analysts had anticipated a reduction in currency buying under the budget rule, according to RBC Investments. Meanwhile, the Central Bank of Russia's net currency purchases will rise to 5.92 billion rubles per day, up from 4.82 billion rubles previously.
🚫🇺🇸 The United States has banned the export of various used critical minerals, according to a report by the Financial Times. This move underscores the nation's efforts to control resources deemed essential for national security and technological advancement. The decision may have significant implications for global supply chains and international relations in the mineral sector. For more details, visit FT.
⚠️🇮🇷 Tensions between the US and Iran continue to influence oil prices and gasoline costs in the United States. As oil prices drop, gasoline costs decrease, prompting former President Trump to initiate airstrikes on Iran. In response, Iran retaliates, causing oil prices to rise again. This cycle repeats as Trump halts military action, engages in negotiations, and announces progress, leading to a subsequent drop in prices. The pattern of conflict and resolution remains ongoing, impacting the market consistently.
🇷🇺 MOSENERGO's net profit under IFRS for the first half of 2026 reached 11.8 billion rubles, down from 14.5 billion rubles the previous year, according to their report.
🌟 CIRCLE has reported its Q2 adjusted EBITDA at $143 million, surpassing estimates of $139.6 million. The total revenue and reserve income stands at $701.3 million, slightly below the estimated $712.3 million. Additionally, the company minted $83 billion in USDC, falling short of the expected $88.82 billion. CIRCLE's stablecoin market share remains at 27%, matching initial estimates of 27.6%.
🚀 PROMOMED reports preliminary results for the first half of 2026, revealing a 76% increase in sales, surpassing revenue forecasts and fostering optimism for the latter half of the year.
PROMOMED: Key strategic segments show double-digit growth amid rising demand for modern, high-tech therapies. By May, the company became the leading player in the retail market, with its flagship product, Tirzetta®, being the best-selling drug in Russian pharmacies throughout 2026.
PROMOMED: Key strategic segments show double-digit growth amid rising demand for modern, high-tech therapies. By May, the company became the leading player in the retail market, with its flagship product, Tirzetta®, being the best-selling drug in Russian pharmacies throughout 2026.
🌟 CVS Health has reported strong second-quarter earnings, with an adjusted earnings per share (EPS) of $2.58, surpassing estimates of $1.85. The company's net revenue reached $106.1 billion, exceeding the expected $99.97 billion.
🇺🇸 Eli Lilly reported a remarkable second-quarter performance, with adjusted earnings per share (EPS) reaching $8.38, up from $6.31 year-over-year. The company's revenue for the quarter stood at $22.97 billion, surpassing estimates of $20.59 billion.
📱 Russia and Kyrgyzstan are set to establish a unified mobile operator, as reported by Kommersant.
📬 Today’s Calendar - August 6, 2026
Brazil's Central Bank rate decision is set for 00:30 MSK. In the U.S., Initial Jobless Claims will be released at 15:30 MSK, followed by Canada's S&P Services/Composite PMI for July at 16:45 MSK. The U.S. will also report natural gas reserves at 17:30 MSK.
Notable corporate updates include SpaceX's lock-up period ending, and Incab's development strategy approval for 2026-2027. Additionally, shareholders of MMK will discuss subsidiary integration. Key earnings reports include Krispy Kreme and Papa John's among others throughout the day.
Brazil's Central Bank rate decision is set for 00:30 MSK. In the U.S., Initial Jobless Claims will be released at 15:30 MSK, followed by Canada's S&P Services/Composite PMI for July at 16:45 MSK. The U.S. will also report natural gas reserves at 17:30 MSK.
Notable corporate updates include SpaceX's lock-up period ending, and Incab's development strategy approval for 2026-2027. Additionally, shareholders of MMK will discuss subsidiary integration. Key earnings reports include Krispy Kreme and Papa John's among others throughout the day.