ππΊπΈ Trump has proposed to eliminate the practice of changing clocks to standard time, stating that it "discombobulates" and causes inconvenience for citizens.
π Key Events This Week:
Monday, October 5:
- China: No trading - National Day
- Australia: Services/Composite PMI (Sept) - 02:00 MSK
- Japan: Services/Composite PMI (Sept) - 03:30 MSK
- Russia: Services/Composite PMI (Sept) - 09:00 MSK
- Turkey: CPI (Sept) - 10:00 MSK
- Germany: Services/Composite PMI (Sept) - 10:55 MSK
- Eurozone: Services/Composite PMI (Sept) - 11:00 MSK
- UK: Services/Composite PMI (Sept) - 11:30 MSK
- Russia: Central Bank currency purchases/sales - 12:00 MSK
- Eurozone: PPI (Aug) - 13:00 MSK
- Brazil: Services/Composite PMI (Sept) - 16:00 MSK
- Canada: Services/Composite PMI (Sept) - 16:30 MSK
- USA: S&P Services/Composite PMI (Sept) - 16:45 MSK
- USA: ISM Services PMI (Sept) - 17:00 MSK
Tuesday, October 6:
- China: No trading - National Day
- India: Services/Composite PMI (Sept) - 08:00 MSK
- Japan: Central Bank Governor Ueda - 09:35 MSK
- USA: ADP Employment (week) - 15:15 MSK
- USA: Trade Balance (Aug) - 15:30 MSK
- USA: Short-term oil market forecasts - 19:00 MSK
- USA: API Oil Stocks - 23:30 MSK
Wednesday, October 7:
- China: No trading - National Day
- India: Central Bank Rate - 07:30 MSK
- Germany: Industrial Production (Aug) - 09:00 MSK
- USA: EIA Oil Stocks - 17:30 MSK
- USA: 1-Year Consumer Inflation Expectations, NY Fed (Sept) - 18:00 MSK
- Russia: CPI (week) - 19:00 MSK
- USA: FOMC Minutes - 21:00 MSK
Thursday, October 8:
- Eurozone: ECB Minutes - 14:30 MSK
- UK: Bank of England Governor Bailey - 15:15 MSK
- USA: Initial Jobless Claims - 15:30 MSK
- USA: EIA Natural Gas Stocks - 17:30 MSK
Friday, October 9:
- USA: Michigan Consumer Sentiment (Oct preliminary) - 17:00 MSK
- USA: Consumer Inflation Expectations (Oct preliminary) - 17:00 MSK
- Russia: CPI (Sept) - 19:00 MSK
- USA: WASDE Report - 19:00 MSK
Monday, October 5:
- China: No trading - National Day
- Australia: Services/Composite PMI (Sept) - 02:00 MSK
- Japan: Services/Composite PMI (Sept) - 03:30 MSK
- Russia: Services/Composite PMI (Sept) - 09:00 MSK
- Turkey: CPI (Sept) - 10:00 MSK
- Germany: Services/Composite PMI (Sept) - 10:55 MSK
- Eurozone: Services/Composite PMI (Sept) - 11:00 MSK
- UK: Services/Composite PMI (Sept) - 11:30 MSK
- Russia: Central Bank currency purchases/sales - 12:00 MSK
- Eurozone: PPI (Aug) - 13:00 MSK
- Brazil: Services/Composite PMI (Sept) - 16:00 MSK
- Canada: Services/Composite PMI (Sept) - 16:30 MSK
- USA: S&P Services/Composite PMI (Sept) - 16:45 MSK
- USA: ISM Services PMI (Sept) - 17:00 MSK
Tuesday, October 6:
- China: No trading - National Day
- India: Services/Composite PMI (Sept) - 08:00 MSK
- Japan: Central Bank Governor Ueda - 09:35 MSK
- USA: ADP Employment (week) - 15:15 MSK
- USA: Trade Balance (Aug) - 15:30 MSK
- USA: Short-term oil market forecasts - 19:00 MSK
- USA: API Oil Stocks - 23:30 MSK
Wednesday, October 7:
- China: No trading - National Day
- India: Central Bank Rate - 07:30 MSK
- Germany: Industrial Production (Aug) - 09:00 MSK
- USA: EIA Oil Stocks - 17:30 MSK
- USA: 1-Year Consumer Inflation Expectations, NY Fed (Sept) - 18:00 MSK
- Russia: CPI (week) - 19:00 MSK
- USA: FOMC Minutes - 21:00 MSK
Thursday, October 8:
- Eurozone: ECB Minutes - 14:30 MSK
- UK: Bank of England Governor Bailey - 15:15 MSK
- USA: Initial Jobless Claims - 15:30 MSK
- USA: EIA Natural Gas Stocks - 17:30 MSK
Friday, October 9:
- USA: Michigan Consumer Sentiment (Oct preliminary) - 17:00 MSK
- USA: Consumer Inflation Expectations (Oct preliminary) - 17:00 MSK
- Russia: CPI (Sept) - 19:00 MSK
- USA: WASDE Report - 19:00 MSK
π¨ Ukraine's President Zelensky announced that new negotiations involving Ukraine, Russia, and the United States may take place at the end of October. For more details, visit RBK Ukraine.
π¨π’οΈπΈπ¦ Yemeni forces supported by Saudi Arabia have launched an operation aimed at reclaiming areas controlled by the Houthi movement, according to BBG. This military initiative marks a significant escalation in the ongoing conflict in Yemen, as these forces seek to establish dominance in regions currently held by the Houthis. Further developments are anticipated as the operation unfolds.
π In recent developments, confidence in Ukrainian President Zelensky is faltering, with the exception of the IMOEX index. For over a week, the IMOEX has been optimistic, clinging to factors that support growth while disregarding contrary evidence. Monitoring suggests a persistent belief in favorable conditions despite widespread skepticism.
π Experts have labeled CZ, the founder of Binance, as a "lazy" and "impoverished" individual. According to a recent New York Times article titled "Life After Prison," he is described as spending his time lounging in bed and driving an old, analog Nissan Patrol while living in the desert. For more details, read the full article here: Inside Binance Founder Changpeng Zhao's Life After Prison.
π The United States is striving to outpace Russia and China in a race to be the first to send a nuclear reactor to the Moon, according to the New York Times. This ambitious initiative underscores the growing competition in lunar exploration and the strategic significance of establishing a strong presence on the lunar surface.
β οΈ The deadline for President Trump to decide on secondary sanctions against Russia is approaching. On October 18, it will be 30 days since he signed the "hellish sanctions" law. Trump must choose whether to impose tariffs on Russia's trade partners. U.S. Energy Secretary Rick Perry stated in an interview with CBS News that Trump will weigh all options and likely wait until the last minute to make a decision. Perry does not know what the outcome will be, but emphasized that Trump is exploring all available pressure points to resolve the Ukraine conflict.
πΊπΈ Trump has pledged to distribute nearly $100 to over 20 million retirees with Medicare health insurance ahead of the upcoming midterm elections in Congress.
πΊπΈπ°π΅ Former President Donald Trump stated that having a positive relationship with North Korean leader Kim Jong-un is beneficial, especially when he possesses 112 nuclear missiles. Trump emphasized the importance of maintaining good ties with such a powerful figure in the realm of geopolitics.
π¨ Google will limit free access to its AI models, Gemini, starting October 9. Users without a subscription will still have access to the Gemini Flash-lite version.
πΊπΈ Trump's chief economic advisor, Hassett, has called for Jerome Powell to resign from the Federal Reserve. On September 30, Trump stated that Powell should be forced to step down immediately.
π’ Oil shipments from the Middle East have nearly returned to pre-Iran conflict levels, yet global prices remain above $100. Oil reserves worldwide have significantly decreased, reaching their lowest point in five years. Traders are concerned that the conflict could reignite at any moment. β BBG
π’π―π΅ Japan has no intentions to release oil from its national reserves, according to an official statement. For more details, visit sources RTRS.
βοΈπ©πͺ Germany's economic outlook shows improvement as the Composite PMI rose to 53.8 in September, up from 51.8 previously. The Services PMI also saw a significant increase, reaching 52.9 compared to the earlier figure of 49.7.
π¨ The Eurozone saw a positive shift in its economic indicators for September. The Composite PMI rose to 53.1, up from 52 previously, signaling growth in the region. Additionally, the Services PMI increased to 53, compared to the earlier figure of 51.6. These metrics reflect an improving economic landscape within the Eurozone.
π The United States is set to receive a shipment of Belarusian potash for the first time in four years, according to the Financial Times. This development marks a significant change in trade relations, highlighting a renewed interest in Belarusian agricultural products.
π¨ Oil Market Update:
The CEO of Aramco has stated that the tense situation in the oil market will escalate until the Strait of Hormuz is reopened. He emphasized that the release of reserves will only provide temporary support to the markets.
The CEO of Aramco has stated that the tense situation in the oil market will escalate until the Strait of Hormuz is reopened. He emphasized that the release of reserves will only provide temporary support to the markets.