🚨 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.

🚀 FESCO has received credit ratings in China, according to a recent announcement. For more details, visit the official release here.

🛢🇷🇺🇨🇳 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

🌕 The Central Bank of Russia emerged as the largest net seller of gold in July, selling 6 tons. Since the beginning of the year, Russia has sold a total of 50 tons of gold. For more information, visit WGC data.

.

🚨🇷🇺 Novak anticipates further decline in the key rate set by the Bank of Russia. Kostin expects a gradual decrease in the Central Bank's key rate. Gref believes that the Bank of Russia still has room for further reduction of the key rate.

🚢 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.

🚀 The SOPR indicator signals a significant profit-taking by short-term holders, the highest in a long time. Despite this, the price of BTC has not declined, suggesting market strength and a potential upward trend reversal, according to experts at CryptoQuant.

🏗️ 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.

🇺🇸 Vice President JD Vance will hold a media briefing today as the White House Press Secretary, according to the schedule.

🚀 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.

📈 Former President Donald Trump predicted on September 2 that the stock market will rise, suggesting a gradual recovery. Meanwhile, Russian President Vladimir Putin echoed this sentiment on September 3, stating that the stock market is expected to gradually restore itself.

🚗 Sales of new passenger cars in Russia increased by 10% from January to August, although they fell by 6% in August. Meanwhile, sales of new electric vehicles and hybrids nearly doubled during the same period, reaching 83,300 units. This data was reported by the Ministry of Industry and Trade and RIA.

🛢 Trump has endorsed the option of using the Syrian route to bypass the strategic Strait of Hormuz.

🇺🇸 Nvidia is set to acquire the AI startup Hugging Face for $12.9 billion. The deal is anticipated to close in the first half of 2027. For more information, visit the full article here.

🚗 Xiaomi has signed memorandums of understanding with a group of German car dealers to enter the German market. This move marks the company's strategic expansion into the automotive sector in Germany. For more details, visit here.

🚨 Economic Update

The United States will release its Initial Jobless Claims data today at 15:30 Moscow time. Additionally, the trade balance for July will be announced at the same time. Stay tuned for the latest insights on these key economic indicators.

🚨 The United States reported a trade balance of -$88.6 billion for July, slightly better than the expected -$89.4 billion. The previous figure was revised from -$73.3 billion to -$71.2 billion.

🚨 The United States has reported Initial Jobless Claims at 206,000, slightly above expectations of 205,000 and up from the previous figure of 204,000. Continuing Jobless Claims stand at 1.779 million, better than the anticipated 1.783 million and revised down from 1.778 million to 1.771 million.

🚨🇺🇸 Waller from the Federal Reserve has traditionally expressed concerns about the risk of further inflation growth. However, he noted the first signs of disinflation and advocated for keeping interest rates unchanged at the next meeting. Previously, he supported raising rates now to avoid more pain later.