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Russia Celebrates Victory Day

RUSSIA
  • Multiple explosions were heard in Kyiv early Tuesday, Bloomberg report, marking the fifth aerial attack on Ukraine’s capital this month and coinciding with Russia’s World War II Victory Day holiday. Ukrainian Army Chief Valeriy Zaluzhnyi said air-defense forces had destroyed 23 out of 25 Russian cruise missiles.
  • President Putin delivered a speech at the Red Square military parade despite heightened security concerns following the drone incident at the Kremlin last week.
  • CPI data is the key release of the week with prices seen cooling to 2.40% y/y from 3.51% prior. Data will be released on Friday.

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