๐ Upcoming economic indicators will be released today. Germany will report its Manufacturing, Services, and Composite PMI for June at 10:30 AM Moscow time. Following that, the Eurozone will announce its Manufacturing, Services, and Composite PMI for June at 11:00 AM Moscow time. Finally, the United Kingdom will release its Manufacturing, Services, and Composite PMI for June at 11:30 AM Moscow time.
๐ข Oil prices have fallen back to levels seen last Friday, prior to the U.S. strike on Iran. However, the situation remains highly uncertain as Iran vows to respond forcefully to the U.S. actions. Experts continue to monitor developments in the Strait of Hormuz closely.
โ ๏ธ๐ฎ๐ท An Iranian legislator announced that a bill has been proposed to suspend Tehran's cooperation with the UN nuclear watchdog, according to IRNA. The Iranian Parliament intends to pass this bill due to the agency's politicized stance, as stated by the speaker. Furthermore, an attack on Iran would lead the country to conclude that developing an atomic bomb is now essential for deterring future adversaries, according to the Arms Control Association.
๐จ Germany's economic indicators show improvement as of June's preliminary data. The Composite PMI rose to 50.4, up from 48.5. The Manufacturing PMI also increased to 49, compared to the previous 48.3. Meanwhile, the Services PMI climbed to 49.4, significantly higher than the earlier figure of 47.1. These developments reflect a potential stabilization in Germany's economic landscape.
๐ฅ๐บ๐ธ Futures for SP500 have fully closed the "Iran gap down" and have rebounded to the closing level of last Friday, prior to the US strike on Iran.
๐ข๐ท๐บ "Yamal LNG" has dispatched its first shipment of fuel to the East this season via the Northern Sea Route (NSR). Russian Deputy Prime Minister Vitaly Savelyev has stated that the NSR will provide Russia with a competitive advantage and serve as an alternative to the Suez Canal. Meanwhile, Sergey Naryshkin emphasized the NSR as a natural competitive edge for Russia. Prime Minister Mikhail Mishustin previously noted the route's importance amid sanctions that disrupt logistics chains.
โ ๏ธ๐ช๐บ๐ฎ๐ท The EU may reinstate sanctions against Iran if no agreement is reached on the nuclear dossier, according to Kallas.
๐จ The Eurozone's preliminary report for June shows mixed signals in its economy. The Composite PMI remains stable at 50.2, unchanged from the previous month. The Manufacturing PMI holds at 49.4, also consistent with prior data. However, the Services PMI has improved slightly to 50, up from 49.7. These figures indicate a cautious outlook for economic activity in the region.
๐ฌ๐ง The UK government plans to invest over ยฃ500 million in quantum computing technology.
๐จ Russian shareholders of KLVZ have approved dividends for 2024, set at 0.05 rubles per share.
๐ ECD Automotive Design is set to raise $500 million to acquire Bitcoin (BTC) for its balance sheet. The company aims to enhance its investment strategy by integrating cryptocurrency into its financial assets. This move reflects a growing trend among corporations to embrace digital currencies. For more details, visit here.
๐จ๐บ๐ธ๐ฎ๐ท The United States is assessing a high risk of Iranian retaliation against American forces in the near future, according to RTRS. A U.S. official stated that Iran may take countermeasures within the next day or two.
๐ Demand for new mining data centers in Russia, with capacities ranging from several megawatts to 100 megawatts, is hitting record levels.
By the first quarter of 2025, the availability of computational equipment in data centers will surpass demand.
In the next 2-3 years, the share of cryptocurrency mined under Russian jurisdiction for foreign economic activity is expected to increase significantly. The anticipated establishment of an experimental legal regime is seen as a major step toward institutionalizing the crypto-assets and digital currencies market, boosting investment in this new asset class.
โ forecast by GIS Mining
By the first quarter of 2025, the availability of computational equipment in data centers will surpass demand.
In the next 2-3 years, the share of cryptocurrency mined under Russian jurisdiction for foreign economic activity is expected to increase significantly. The anticipated establishment of an experimental legal regime is seen as a major step toward institutionalizing the crypto-assets and digital currencies market, boosting investment in this new asset class.
โ forecast by GIS Mining
Alpha
โ ๏ธ๐ฎ๐ท An Iranian legislator announced that a bill has been proposed to suspend Tehran's cooperation with the UN nuclear watchdog, according to IRNA. The Iranian Parliament intends to pass this bill due to the agency's politicized stance, as stated by the speaker.โฆ
This media is not supported in your browser
VIEW IN TELEGRAM
โ ๏ธ๐ฎ๐ท Iran's cooperation with the Atomic Energy Agency will be suspended, announced Mohammad Bagher Kalibaf, the Speaker of the Iranian Parliament.
โ ๏ธ๐ช๐บ๐บ๐ฆ Rutte: We still believe that Ukraine's path to NATO is irreversible.
๐จ๐ท๐บ Shareholders of TGC-1 have not made a decision regarding the payment of dividends for the year 2024.
โ๏ธ Passenger traffic for UTair increased by 2.1% year-on-year in the first five months of 2025.
๐จ Former President Donald Trump has urged everyone to maintain low oil prices, warning that higher prices could benefit adversaries. In a recent statement, he emphasized the importance of keeping costs down, declaring, "Iโm watching! Youโre playing right into the hands of the enemy. Donโt do it!"
๐จ๐ข Trump urges the U.S. Department of Energy to "DRILL, BABY, DRILL!!!" and emphasizes the need for immediate action.