Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Russian stocks closed lower on Saturday, with the MOEX Russia Index dropping 0.98%, weighed down by declines in the mining, telecoms, and power sectors.
PhosAgro PJSC (MCX:PHOR) led the gainers, rising 0.85% to 6,633.00. TATNEFT (MCX:TATN) added 0.77% to close at 693.90, while LUKOIL PJSC (MCX:LKOH) climbed 0.73%, ending at 7,346.50.
On the downside, PIK SHb PJSC (MCX:PIKK) was the session’s worst performer, falling 5.80% to 590.00. AFK Sistema PJSC (MCX:AFKS) dropped 3.25% to 18.74, and VK Company Ltd (MCX:VKCO) lost 2.35%, closing at 294.40.
Market sentiment remained cautious, with declining stocks outnumbering gainers. The Russian Volatility Index (RVI), which gauges implied volatility on MOEX Russia Index options, fell sharply by 11.03% to 42.04, indicating reduced investor uncertainty despite the market downturn.
In commodities, April gold futures slipped 0.74% to $3,021.40 per troy ounce. Crude oil for May delivery eased 0.26% to $67.89 a barrel. However, Brent oil for May edged up 0.22% to $72.16.
On the currency front, the ruble strengthened against major currencies. USD/RUB fell 0.50% to 84.50, while EUR/RUB declined 0.84% to 91.37. Meanwhile, the US Dollar Index Futures gained 0.24%, reaching 103.74.
With geopolitical factors and commodity prices continuing to influence market trends, investors remain vigilant. The decline in MOEX reflects broader caution across global markets, especially amid shifting energy and currency dynamics.
