🚨 Ahead

U.S. oil inventory data from the API will be released today between 23:30 and 23:40 Moscow time.

🔔 Oil stocks report: API data reveals a significant decline in crude oil reserves, with a decrease of 4.49 million barrels, surpassing expectations of a drop of 2.5 million barrels and a previous decline of 3.76 million barrels. For more details, visit here.

🔥⚠️ Former U.S. President Donald Trump stated that now is not the right time to bring Russia back into the G7. He emphasized that it was a mistake to exclude Russia from the group. Trump's comments were made on February 13, 2025, when he expressed his desire to see Russia reintegrated into the G7, highlighting the ongoing geopolitical tensions.

🌕 Gold prices rose by 3.5%, reflecting a positive trend in the market. Investors are closely monitoring the fluctuations as they navigate economic uncertainties. For more details, visit here.

🌍 Today’s Calendar - May 7, 2025

Kazakhstan reports no trading activity. Japan will release its Services/Composite PMI for April at 03:30 MSK. Russia’s Services/Composite PMI is scheduled for 09:00 MSK, followed by the Central Bank of Russia announcing currency purchase/sale volumes for May at 12:00 MSK. EIA crude oil stocks will be reported at 17:30 MSK. The US Federal Reserve will announce its interest rate decision at 21:00 MSK, followed by a press conference at 21:30 MSK. Brazil's central bank rate decision is at 00:30 MSK. Additionally, President Putin will meet with leaders from Cuba, Mongolia, and Congo, while the Russian Finance Ministry conducts an OFZ auction. Key earnings reports include Novo Nordisk, Barrick Gold, and Disney among others.

.

🌎 The latest foreign exchange rates show that the US dollar is trading at 7.227 against the Chinese yuan (USDCNY) and at 83.10 against the Russian ruble (USDTRUB).

🔥🇺🇸🇨🇳 The U.S. Treasury Secretary, Bessent, is set to meet with a representative from China during an upcoming visit to Switzerland. The discussions will focus on "de-escalating" the trade war, although no major deal is currently anticipated, according to Bessent. The Chinese Ministry of Commerce stated that China agreed to negotiations with the U.S. based on global expectations and its own interests. Official trade talks between the U.S. and China will commence, as reported by FT.

🍾 Fix Price is set to start selling strong alcoholic beverages. The introduction of these drinks on store shelves could potentially double the retailer's overall revenue, according to reports. — Ъ

⚠️🇺🇦 Moscow has yet to hear any statements from Kyiv regarding a desire to establish a demilitarized zone along the line of conflict. This comment was made by Peskov in response to TASS regarding Kellogg's corresponding statement.

🔥🇨🇳 China has unexpectedly reduced the 7-day reverse repo rate by 0.1% and the reserve requirement ratio (RRR) by 0.5%. The RRR cut is a key measure by the People's Bank of China to inject liquidity into the market. This announcement comes as China unveils significant measures to stimulate economic growth amid rising tariff concerns. The initiatives include lowering interest rates, as reported by CNBC.

💥 The fully import-substituting SJ-100 has completed 10 flights.

🌍 Bhutan and Binance Pay have launched the world's first national tourism payment system, marking a significant advancement in the integration of cryptocurrency into the tourism sector. This initiative aims to enhance the travel experience and promote digital payments in Bhutan.

🇺🇸🇮🇳 Trump claims that India has agreed to reduce tariffs to zero. However, there has been no confirmation from India yet. This could potentially be another "peacedeal" from Trump.

🌎 A surplus of nickel in the global market is expected to increase by 11% in 2025. While this will lead to a decrease in metal prices, analysts believe they will remain favorable for Norilsk Nickel. For more details, visit Vedomosti.

💼 Russia's Finance Minister Anton Siluanov emphasized that increasing the market capitalization of the economy is unattainable without the public listing of state-owned companies. He highlighted the importance of IPOs in boosting economic growth and enhancing the investment climate in the country.

✨ On May 8, the U.S. Senate will vote on the GENIUS bill aimed at regulating stablecoins.

🌟 Trump’s family project, World Liberty Financial, is set to test the airdrop feature by distributing the stablecoin USD1 to all holders of the WLFI tokens.

⚠️✴️ Senator Richard Blumenthal, a Democrat, has announced that he is launching an investigation into Donald Trump's cryptocurrency businesses for potential money laundering, bribery, and other illegal activities. The inquiry aims to assess the legitimacy of Trump's ventures in the crypto space. For more information, visit CoinDesk.

🇺🇸🇺🇦 The United States has requested Ukraine to accept migrants deported from the U.S., according to a report by the Washington Post. For more details, visit WP.

🚨 European companies are raising alarms over the strong euro, which is impacting their competitiveness in international markets. The situation is causing concern among businesses that rely on exports. For more details, visit FT.