Russian national debt, NVIDIA reporting, Twitter shareholder meeting: US digest

refused to renew the license to service the external debt of the Russian Federation. NVIDIA will publish financials after the market closes. Twitter shareholders will vote on the deal with Musk. notable events,

This morning, at 7:01 Moscow time, the US Treasury Department's general license, which allowed RUSSIA to service its public debt, expired.

The OFAC license allowed Russia to pay its foreign-currency loans from frozen gold and foreign exchange reserves - without it, holders of Russia's international dollar-denominated bonds would not be able to receive payments.

On May 27, Russia was to pay €26.5 million in euro-denominated bonds and $71.25 million in dollar-denominated bonds. But a week before the date of payment, the Ministry of Finance announced that it had fulfilled its obligations to pay coupon income on these issues in advance.

The next payments are scheduled for June 23 and 24. However, the US department said they would not renew the license. The OFAC decision will bring Russia closer to a possible default on its external debt, BLOOMBERG noted.

The share of private investors in trading shares on the Moscow Exchange increased to almost 75% Moscow Exchange , Banking and finance , Shares

Top 10 rates on deposits and savings accounts

The average rate of the 54 largest depository banks on deposits for a period of one year in the amount of ₽100 thousand as of May 25 is 8.39% per annum, according to the FRG100 index.

The most favorable deposit rate as of May 25, 2022 is 20% per annum.

Top 10 banks with high effective rates on deposits and savings accounts as of May 25, 2022:

SDM Bank - up to 20.77%; Alfa-Bank - up to 20%; BBR Bank - up to 19%; Novikombank - up to 18.05%; Sinara - up to 18%; Gazenergo - up to 18%; Solid Bank - up to 17.04%; Ayusolut Bank - up to 16.5%; Loco Bank - up to 16%; BZHF Bank - up to 15.75%; Eurofinance Mosnarbank - up to 15.5%.

Source: Banki.ru financial marketplace (the effective rate is calculated according to the Banki.ru methodology and is not an offer, detailed conditions are available from credit institutions).

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NVIDIA reporting

NVIDIA will report for the first quarter of fiscal year 2023 after the close of trading on US exchanges. Analysts on average forecast earnings per share of $1.3 versus $3.03 in the same quarter a year earlier, and revenue of $8.12 billion compared to $5.66 billion in the previous year (up 43%).

Susquehanna analyst Christopher Rolland isn't expecting the company to deliver better-than-expected numbers or raise its financial guidance. The expert attributed this to the weakness of NVIDIA's gaming chip business, as the economic recovery, giving people more opportunities for entertainment, led to a slowdown in the growth of this market.

On the other hand, the analyst expects good results from the data center segment, which he believes has grown more than games. Healthy underlying demand for NVIDIA products is driven by hyperscale cloud computing and AI workloads, Rolland said.

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Corporate reporting and other important events

Nutanix : Q3 2022 Post Market Financial Results, EPS forecast - $0.21, revenue forecast - $397.86 million
Barrick Gold : Last day to buy shares at a dividend of $0.10 per share; due date is June 15th.
Kraft Heinz : last day to buy shares at a dividend of $0.40 per share; due date is June 24th.
TMK : last day to buy shares for a dividend of ₽0.82 per share; due date is June 10th.

Amazon : General Meeting of Shareholders. Participants must approve the split of the company's shares. In March, Amazon's board of directors approved a 20:1 stock split. Twitter : Annual meeting of shareholders. There will be a vote on the deal with Elon Musk. Earlier, the Board of Directors of Twitter unanimously recommended that shareholders accept Elon Musk's offer to buy the company for $44 billion. How did the previous trading session end? Moscow Exchange Index : 2,293.62 (-0.36% ) ) S&P 500 : 3,941.48 (-0.81%) DOW JONES Industrial Average : 31,928.62 (+0.15%) NASDAQ Composite : 11,264.45 (-2.35%)

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