π¨ Ahead
The U.S. oil inventory report from the American Petroleum Institute (API) is scheduled for release between 23:30 and 23:40 Moscow time.
The U.S. oil inventory report from the American Petroleum Institute (API) is scheduled for release between 23:30 and 23:40 Moscow time.
π’οΈ Oil prices are reacting to the latest API report, which shows a crude oil inventory increase of 2.499 million barrels. This figure is notably higher than the expected rise of 1.850 million barrels and also surpasses the previous week's increase of 4.287 million barrels.
β¨ The SEC has postponed its decision on Bitwise's application for an ETH ETF that includes staking.
π Today's calendar highlights include the second day of the G7 finance ministers and central bank governors meeting. In the UK, the Consumer Price Index (CPI) for April will be released at 09:00 Moscow time, followed by US EIA oil inventory data at 17:30. Russia's CPI for April is scheduled for 19:00. Key speakers from the US Federal Reserve include Kugler, Daly, and others. Additionally, various companies will report their financial results, including MTS, Baidu, and Target, at different times throughout the day.
β οΈ Israel is preparing to strike Iran's nuclear facilities, according to CNN. The tensions between the two nations continue to escalate as Israel seeks to prevent Iran from developing nuclear weapons. The situation remains volatile, with international implications for security and energy markets. For more details, visit CNN.
π¨ Russia has extended invitations to the United States and several unfriendly nations for a security forum in Moscow, as reported by Alexander Venediktov, Deputy Secretary of the Russian Security Council. The international meeting of high-level representatives overseeing security matters is scheduled to take place from May 27 to May 29 in Moscow.
π’ Oil prices rose by 1.7% following reports of Israel's preparations for a strike on Iran.
β οΈπͺπΊπ·πΊ The 18th sanctions package against Russia will primarily focus on tightening the oil price cap. Restrictions may also include the Nord Stream pipelines. According to Estonian Prime Minister Kaja Kallas, the approval of these new measures is expected to proceed swiftly. Discussions regarding the tightening of the oil price cap may take place at the upcoming G7 summit.
π Morgan Stanley has raised its forecast for China's GDP growth in 2025 to 4.5%.
π¨π³ NVIDIA forecasts that by 2026, the Chinese artificial intelligence market will reach $50 billion.
ππΊπΈ The vote on the GENIUS Act concerning stablecoins is ongoing, as the U.S. Senate is set to vote today on a proposal to continue debates on the legislation. Many investment firms and leaders within the crypto industry believe that the adoption of stablecoin regulations could serve as a significant catalyst for the crypto sector and markets.
π¨ Former President Donald Trump, in discussions with Ukrainian President Volodymyr Zelensky and European leaders, stated that Russia and Ukraine must find a solution to their ongoing conflict. Trump is exploring avenues to disengage from the Russia-Ukraine negotiations, highlighting a shift in U.S. diplomatic strategy. For more details, visit NYT and FT.
Alpha
β οΈπ―π΅ Japan's 20-year bond auction has recorded the weakest demand since 2012, according to reports. Analysts are anticipating further tightening of monetary policy in the country. For more details, visit this link.
β οΈπ―π΅ The yield on Japan's 30-year bonds has surged to 4.96%, marking one of the highest levels since the global financial crisis.