Russian President Vladimir Putin to attend G20 summit in South Africa this November, according to Russian G20 sherpa Svetlana Lukash in an interview with RIA Novosti. Read more

Gold jewelry sales in India are expected to decline during the upcoming festive season due to elevated gold prices, according to BBG.

US Dollar Index (DXY) may have formed a double bottom, potentially signaling a warning for the gold market.

Russia's Ministry of Finance plans to increase the preferential insurance contribution rate for the IT sector to 15% from 7.6%, according to Vedomosti.

Turkish Airlines to purchase 50 Boeing aircraft, expanding fleet and aviation capabilities.

The U.S., under former President Trump, is proposing a new plan to restrict chip imports, according to WSJ. The administration plans to implement tariffs on companies that do not meet a 1:1 production ratio between domestic and foreign outputs, with the goal of aligning domestic production with imports.

SHANGHAI—The international operations center for China's digital yuan has launched in Shanghai. "The launch of the center is a significant step in the development of the digital yuan, which will contribute to strengthening China's influence in the global financial system," Xinhua reported. China has previously indicated plans to accelerate the internationalization of the yuan amid increasing global trade tensions.

Turkey and the U.S. sign memorandum of cooperation in nuclear energy, says Turkey's Minister of Energy.

European Union plans to impose tariffs between 25% and 50% on Chinese steel and related products, Handelsblatt reports.

Former U.S. President Trump describes meeting with Turkish President Erdogan at the White House as “excellent.”

The U.S. Department of Justice is planning to open an investigation into the George Soros Foundation, according to a report by the New York Times.

Elon Musk's xAI reaches deal with U.S. government to expand access to AI bot Grok.

RedotPay, a crypto payment platform, has reached unicorn status.

Porsche, Audi, and Mercedes face decline in luxury electric vehicle sales; details at BBG.

Shareholders of Ozon Pharmaceuticals approve 1H 2025 dividends at 2.5 RUB per share; record date October 6.

Philippines launches blockchain transparency system for DPWH amid protests over flood project corruption allegations

An official from the Trump administration said the U.S. is engaging with the G7 and EU on trade measures related to rare earth metals, including potential tariffs and minimum price policies, to prevent price dumping. Earlier reports indicated the G7 is considering export tariffs on Chinese rare earth metals.

European car sales increase as electric and hybrid vehicle demand drives growth, says the European Automobile Manufacturers' Association.

The latest foreign exchange rates show USDCNY at 7.123 and USDTRUB at 84.7.

Kallas said the EU will not pressure the U.S. to impose sanctions on Hungary over its Russian oil imports.

Greece, U.S. Energy Ministers Discuss "Vertical Gas Corridor" in EU, TASS Reports

EIA reports a decline in crude oil inventories by 0.607 million barrels, compared to expectations of a 0.800 million barrel increase. The decline follows a prior decrease of 9.285 million barrels.

Russia's steel production declined by 4.6% in August and by 4.8% year-to-date, totaling 46.1 million tons, according to WSA.

Global steel production rose 0.3% YoY in August, reaching 145.3 million tons, the World Steel Association reports.

Hungary plans to refuse a request from former U.S. President Donald Trump to halt Russian oil purchases, Bloomberg reports.

MAX sustains top position among Russian Google Play applications for over a month.

Russia's economy remains stable and has largely adapted to meet military needs, effectively covering all front demands, Peskov says in response to claims that the West may attempt to strangle the Russian economy. More details

Someone posted a tweet on Sam Bankman-Fried's X account, causing crypto enthusiasts to pump the FTT token by 50%.

Alibaba Cloud unveils new initiatives to further develop artificial intelligence innovations.

Passenger car stocks in Russia are nearing normal levels, according to Коммерсант. A steady increase in market demand and revised inventory management strategies have reduced the stock of new passenger vehicles by autumn. To prevent overstocking, authorities plan to modify recycling fee calculations and reduce imports. Stocks are expected to reach normalization by early 2026.

Cold weather in Northwestern Europe to boost natural gas demand by approximately 25%, Bloomberg reports.

VIS Group, one of Russia’s largest infrastructure construction firms, plans to launch an IPO by the end of 2023.

G7 Foreign Ministers discuss potential new sanctions against Russia in a joint statement following the UN General Assembly meeting; measures targeting third countries also under consideration.

Gold prices may reach $3,800-$4,000 per ounce by year-end, according to TASS-surveyed analysts. Additional gains could occur if the Federal Reserve proceeds with rate cuts or indicates a more dovish stance in upcoming meetings.

The average breakeven price for short-term Bitcoin holders stands at $111,400, according to Glassnode. A sustained decline below this threshold could prompt a cascade of margin calls and voluntary liquidation of long positions by short-term investors, potentially exerting downward pressure on prices and positioning the market for a medium- and long-term bearish trend, analysts warn.

Shares of cryptocurrency exchange Gemini declined further below their IPO price amid broad sell-offs in crypto stocks, according to Barrons. Bitcoin (BTC) also appears to be under pressure.

U.S. Former President Trump at Charlie Kirk farewell ceremony states he harbors hatred toward his opponents, unlike the deceased activist.

Ericsson secures €1.2 billion ($1.33 billion) 5G contract from VodafoneThree, according to a report.

Metaplanet, often dubbed the Asian 'MicroStrategy,' has announced the acquisition of an additional 5,419 BTC. Details on the purchase are expected from Strategy today.

China's central bank holds one-year Loan Prime Rate at 3%, in line with forecasts and prior levels; the five-year LPR remains steady at 3.50%, meeting expectations and unchanged from previous.

According to a September survey by BofA, bullish sentiment among international managers regarding stocks is rapidly increasing and has hit a seven-month high.

Crypto custody startup BitGo plans to launch an IPO on the NYSE under the ticker BTGO.

China's electricity consumption exceeds that of the US, Europe, and India combined, says the International Energy Agency.

Russian state firms permitted to invest excess funds in domestic equities and debt instruments, per Finance Ministry resolution. Starting September 2025, companies may allocate temporarily surplus cash toward Russian stocks and bonds.

The sale of "Yuzhuralzoloto" is expected to be completed in two stages, with the process ending in the first half of 2026. The Russian Ministry of Finance is reviewing potential legislative adjustments amid an emerging conflict related to the minority shareholders' offer at "Yuzhuralzoloto," Moiseev from the Finance Ministry said.

Russia sees petition launched opposing increase in car recycling fees.

Zoom CEO Eric Yuan predicts a shift to a three-day workweek driven by AI advancements, aligning with statements from NVIDIA, Microsoft, and Bill Gates. The change is driven by increased productivity and automation of routine tasks, according to Yuan.

US Dollar Index poised to test July lows as Federal Reserve expected to cut interest rate by 25 basis points today, initiating monetary easing cycle.

The US dollar trades at 7.108 versus the Chinese Yuan and 84 versus the Russian Ruble.

U.S. Crude Oil Inventory Data Expected from API at 23:30-23:40 MSK