Market Information Thursday 07 May 2026

Decentralised finance (blockchain-based financial system) is facing an investor exodus after two major hacks raised concerns about security. Around $14bn has been withdrawn, following thefts of $290mn linked to Aave and $280mn from Drift. The incidents triggered an industry-backed bailout to prevent contagion, undermining claims of full decentralisation. Token prices have fallen sharply, regulatory scrutiny is increasing, and experts warn that weak safeguards and more advanced hacking techniques leave the sector vulnerable.

Russia will resume buying foreign currency for its National Wealth Fund as higher oil prices linked to the Middle East war lift export revenues. The finance ministry plans purchases of 110.3 billion roubles, mainly Chinese yuan, from May 8 to June 4. The volume is lower than markets expected due to output cuts and sanctions-related discounts. The rouble strengthened after the announcement.

The US Securities and Exchange Commission has proposed ending mandatory quarterly reporting, allowing listed companies to report earnings semi-annually. The move aligns with President Donald Trump’s deregulatory agenda and aims to give companies greater flexibility while still requiring disclosure of material information. Supporters argue it could reduce short-termism and compliance costs, while critics warn it may reduce transparency and increase uncertainty for investors accustomed to quarterly, comparable financial data.

The 6M Euribor decreased with 4 basis points to 2.52% compared to previous business day. The 10Y Swap decreased with 6 basis points to 3.03% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.