⚠️🇺🇸 Consumer spending in the United States is rapidly declining, according to BBG. This trend raises concerns about the overall health of the economy as households tighten their budgets in response to rising prices and economic uncertainty. The decrease in consumer expenditure could lead to slower economic growth in the coming months. For more details, visit BBG.
🚗🇺🇸 A new agreement has come into effect, reducing US tariffs on British cars and aircraft parts. The deal aims to bolster trade relations between the two nations, easing tensions that have arisen from previous trade disputes. The reduction in tariffs is expected to benefit manufacturers and consumers alike, paving the way for increased exports and collaboration in the aerospace and automotive sectors. For more details, visit Reuters.
🇺🇸🇮🇩 Indonesia is offering the United States an opportunity for joint investments in the extraction of critical minerals as part of tariff negotiations. This initiative underscores Indonesia's strategic move to enhance cooperation with the U.S. in the mining sector. For more details, visit Reuters.
🚨 The UK has reported its GDP for the first quarter of 2025. The quarter-on-quarter growth stands at +0.7%, matching expectations and significantly up from the previous +0.1%. Year-on-year, the GDP growth is +1.3%, aligning with forecasts but slightly down from the earlier figure of +1.5%.
🚨 Mechel may reduce coal shipments by 25% in 2025, according to the General Director. The company does not anticipate further declines in coal prices, expecting an improvement in the third and fourth quarters. Mechel has received a deferral on tax debt payments amounting to 13 billion rubles as part of state support. Capital expenditures for this year are projected at 9.4 billion rubles, with 7.8 billion rubles allocated for core operations. Mechel is also discussing the sale of energy assets, including Kuzbassenergosbyt and South Kuzbass GRES.
🪨 Coal prices have hit rock bottom, with expectations for improvement in the third and fourth quarters, according to the head of Mechel. The coal market is closely monitored as industry leaders anticipate a recovery in demand and pricing trends. More details can be found in the full report at example.com.
✨🇺🇸 Kathy Wood has stated that new mortgage lending rules in the United States could significantly boost the popularity of cryptocurrencies. Previously, it was reported that the Housing Agency may allow the use of cryptocurrencies in mortgage loans.
🌐 South Korea has paused the second phase of its Central Bank Digital Currency (CBDC) testing due to banks' growing interest in stablecoins. Plans are underway to allow stablecoins in the country. Previously, support from President Yoon Suk-yeol for stablecoins linked to the won had sparked significant market excitement.
📈 Every fifth employee of Sber has become a shareholder. Approximately 40,000 employees, or 19%, of Sberbank have acquired shares in the company, according to a statement from Sber's press service.
🚨🇷🇺 Shareholders of MGKL have approved dividends for 2024, set at 0.15 rubles per share. The record date for the dividend payout is July 7.
🚨🇷🇺 Shareholders of SBER have approved dividends for 2024 at 34.84 RUB per share (ordinary/preferred). The cutoff date is set for July 18. Sber will distribute a record 786.9 billion RUB in dividends for 2024, which represents 50% of its net profit and offers a yield of approximately 11%.
🤖 Sberbank is currently utilizing over 1,000 AI agents within its operational processes, according to CEO Herman Gref. The integration of artificial intelligence is aimed at enhancing efficiency and service delivery. For more information, visit Sberbank's official website.
🌟 Kazakhstan's central bank chief announced that they are working on creating a BTC reserve.
💥 Trading volume for perpetual futures on the Hyperliquid platform has surged to a record $1.571 trillion over the past 12 months, generating $310 million in total revenue. As of today, trading volume has already reached $208 billion, surpassing the combined volume of $140 billion from all other on-chain perpetual futures platforms. — data from Dune.
🇷🇺 Sber will launch the "Shareholders Club" in early July, a closed community for owners of shares held at Sber.
⚠️🌎 An attack on Iran could signal the end of nuclear non-proliferation. Increasingly, countries may seek to develop nuclear weapons, according to the Financial Times.