❗️🇦🇿 The Central Bank of Azerbaijan has announced that its interest rate remains steady at 6.5%, unchanged from the previous rate.
📈 Germany's composite PMI rose to 53.8 from 51.8, indicating growth in economic activity. Meanwhile, the manufacturing PMI slightly fell to 53.8 from 54.3, showcasing a minor slowdown in the sector. The services PMI saw a significant increase to 52.9 from 49.7, reflecting an improvement in the services industry.
🔝✨ Open interest in crypto futures on the Hyperliquid exchange has reached a record $18 billion as more traders enter the market, aiming for wealth by trading with leverage ranging from 50x to 100x.
📉 Eurozone's economy shows signs of improvement. The Composite PMI climbed to 53.1 from a previous 52. Meanwhile, the Manufacturing PMI remains steady at 52.7, and the Services PMI increased to 53 from 51.6.
🌎 The OECD forecasts global GDP growth of 2.9% in 2026 and 3% in 2027. China's GDP is expected to grow by 4.5% in 2026 and 4.2% in 2027. Eurozone GDP will increase by 1.0% in both years. The U.S. GDP is projected to rise by 2.2% in 2026 and 2.1% in 2027. India's GDP forecast is raised to 7.1% for 2026. Britain's GDP is expected to grow by 1.1% in 2026 and 1.0% in 2027.
🌎 OECD anticipates the Bank of Japan will raise its key rate to 2% by the end of 2027. The Bank of England is expected to maintain its rates for most of 2027, with a potential rate cut as the next move. The OECD also predicts the Federal Reserve and the European Central Bank will hike rates once more this year before holding them steady until 2027.
⚠️🧠 OECD warns that expectations for AI investments may not be met. Planned capital expenditures by major tech and cloud computing firms continue to rise rapidly. Current investment plans anticipate significant future profits, particularly for semiconductor manufacturers. More details can be found in the report.
🚨🇷🇺 Updated forecasts from the Russian Ministry of Economic Development reveal that gas production in Russia is projected to reach 683.1 billion cubic meters in 2026, with estimates for 2027-2029 lowered. Average contract prices are expected to be $313.3 per thousand cubic meters in 2026, dropping to $271.8 in 2027. Meanwhile, gas export forecasts have been reduced from 122.6 million tons to 98.5 million tons for this year. Passenger traffic for Russian airlines is anticipated to decline by 0.3% in 2026.
🔼🛢🇷🇺 The Russian Ministry of Economic Development has announced that wholesale gas prices in Russia will be indexed 3 percentage points above inflation from 2027 to 2029. This decision reflects the government's strategy to adjust energy prices in line with economic trends.
🚀 Oil prices surged by 4% following new attacks by Yemeni Houthis on Saudi Arabia. The escalation in conflict has raised concerns over supply disruptions in the region, prompting a significant market reaction. The situation remains fluid as further developments unfold. For more information, visit here.
🚨🛢️ The United States and Iran are in talks for a phased agreement aimed at reopening the Strait of Hormuz and ending the American blockade, according to RTRS. As oil prices rise, there has been an increase in information leaks, indicating heightened scrutiny and potential market volatility.
🚨 SberDevices has filed a lawsuit against the main operating company "M.Video" for 6.6 billion rubles. The specifics of the claims have not yet been disclosed in court documents.
The press service of M.Video commented that the company is in ongoing dialogue with the counterparty and continues to effectively engage on operational matters. They are working to resolve the dispute and aim to reach a mutually acceptable solution, emphasizing the importance of maintaining constructive partnerships.
The press service of M.Video commented that the company is in ongoing dialogue with the counterparty and continues to effectively engage on operational matters. They are working to resolve the dispute and aim to reach a mutually acceptable solution, emphasizing the importance of maintaining constructive partnerships.