🚨 Germany's economic indicators for August show a Composite PMI of 51.8, up from the previous 51.3. Meanwhile, the Services PMI slightly decreased to 49.7, down from 49.8.
🇨🇳 China is expecting President Putin to attend the APEC summit in November, according to the Vice Premier of the State Council of China at the Eastern Economic Forum, as reported by RIA.
🚨🇷🇺 MGKL will initiate a buyback of its own bonds starting September 7 and will enhance its stock repurchase program, with a total volume of up to 897 million rubles. This move aims to reduce the volatility of its securities and support investors. The company informed the market in advance about the upcoming operations to ensure maximum transparency.
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🌍 Russian President Vladimir Putin, speaking at the Eastern Economic Forum, highlighted the successful experience of the Russian Direct Investment Fund (RDIF) in collaborating with foreign partners and sovereign funds. He stated, "Large infrastructure logistics projects require substantial investments, which means effective mechanisms to support private investments, including from our foreign investors and sovereign funds. The RDIF has such successful partnerships."
⚠️🇮🇷 Iran launched strikes against American bases in the UAE and Kuwait on Thursday, according to reports from IRNA.
🇷🇺 Russian President Vladimir Putin stated that the Russian economy is currently in an absolutely stable mode.
🚗 Sales of new passenger cars and light commercial vehicles (LCVs) in Russia declined by 7.3% year-on-year in August, according to the Association of European Businesses (AEB).
🚨 Russian banking leader Kostin does not anticipate the Central Bank of Russia maintaining its current interest rate at the upcoming regulatory meeting, despite market expectations, according to TASS. Meanwhile, Gref believes the Bank of Russia still has room for further reductions in the key rate, citing inflation as a result of supply shocks from UAV attacks rather than increased demand, suggesting no monetary policy response is necessary, as reported by Vedomosti.
🛢🇷🇺🇨🇳 Negotiations regarding the route and commercial terms for the supply of gas via "Power of Siberia 2" are ongoing between the companies. Tomorrow, these issues will be discussed at the intergovernmental commission, according to Novak's statement.
🌕 Global central banks continued their gold purchases in July, acquiring 23 tons, a nearly 50% month-over-month decrease. The People's Bank of China has significantly increased its purchases in recent months. Since the beginning of the year, global central banks have purchased around 130 tons of gold, compared to 160 tons during the same period last year. — data from WGC
🚢 President Putin visited the shipbuilding complex "Zvezda," where he highlighted its significance for the Russian maritime industry. The facility is crucial for enhancing the nation's shipbuilding capabilities. The visit comes as the complex reports a 20% increase in production, reflecting its growing importance in the sector. For more details, visit here.
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🏗️ The situation regarding the bankruptcy of developers is under control. There is no critical issue with the bankruptcy of developers in Russia, stated Nikita Stasishin, Deputy Minister of Construction and Housing and Utilities of the Russian Federation, in an interview with RIA Novosti.
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🚀 The IMOEX index in Russia has seen a rise of 1.5%, reflecting positive market trends. Investors are closely monitoring economic indicators and global influences that could impact future performance. For more detailed information, visit this link.