Oil prices are falling today after climbing the previous day to the highest levels in more than two months on data on the reduction of inventories in the United States. A report by the U.S. Department of Energy released on Wednesday showed a 4.55 million barrel decline in the country’s commercial oil inventories last week […]

European stock markets weakened on Thursday as investors digested the latest heated U.S. inflation report and holiday trading reports drew attention to the U.K. retail sector. At 4:00 am ET (0900 GMT), Germany’s DAX was trading 0.2% lower, France’s CAC 40 was down 0.6% and Britain’s FTSE 100 was down 0.2%. Global markets are still […]

The dollar extended Thursday’s decline to a two-month low after U.S. inflation in December was weaker than feared, prompting investors to cut crowded long positions in the currency. The euro benefited greatly from the move and extended its gains to $1.1479, up 0.3% on the day, while sterling and the yen also extended their gains. […]

International rating agency Fitch Ratings has raised its estimate of the cost of oil in the next two years under the baseline scenario, reflecting increased demand. In addition, it is assumed that “OPEC+ will continue to manage supply, at least in the short to medium term,” the agency’s report notes. The higher forecasts for natural […]

The number of open jobs in the U.S. topped 11 million at the end of October, while only 6.9 million Americans are actively looking for work, according to estimates by the website ZipRecruiter, based on its own analysis and government data. That is, there are 67 unemployed job seekers for every 100 job openings. “We’ve […]

Rising regulatory risks in China mean investors should avoid investing in China or Chinese companies, Credit Suisse CIO Jack Siu told CNBC. Uncertainty over regulatory policy will pose risks for investors for another 12 to 18 months, Siu predicts. He recommends that owners of shares in U.S.-listed Chinese companies diversify their portfolios. If the company’s […]

Oil prices continue to rise on Monday after last week’s highest rise since August. “Oil prices rose significantly over the week as concerns over the spread of the new COVID-19 strain ‘omicron’ eased, while economic forecasts for 2022 remain largely unchanged,” notes Ed Moya, chief oil market analyst at Oanda Corp. Meanwhile, the U.S. Department […]

The US stock market closed Friday in the plus, with the Standard & Poor’s 500 hitting an all-time high. It rose 3.8% over the past week, while the Nasdaq Composite gained 3.6%, the most significant rise since February. The Dow Jones Industrial Average added 4%, its biggest gain since March, MarketWatch reported. Fresh inflation data […]

The Tankan index, which assesses the level of confidence in the Japanese economy among large companies in the processing industry, remained unchanged in October-December 2021 compared to the previous quarter, remaining at the level of 18 points, according to the data of the Bank of Japan. Experts on average expected the indicator to rise to […]

International rating agency Fitch has lowered its global economic growth forecast for 2021 to 5.7% from 6% expected in September, and for 2022 – to 4.2% from 4.4%. It said in its December Global Economic Outlook (GEO) report. “The magnitude and duration of the global inflation shock caught most experts and central bankers by surprise, […]

Supply chain problems and power constraints in China have had a negative impact on the business of U.S. company Apple Inc., according to the Nikkei, according to which the production of iPhone 13 in September and October fell short of targets by 20%. Production of iPhones and iPads at a number of factories in China […]

The U.S. Justice Department has notified Deutsche Bank that the German bank may have violated an earlier out-of-court agreement by failing to inform authorities about a complaint about the work of its ESG investment unit, The Wall Street Journal reported, citing informed sources. The complaint concerned the extent to which the DWS Group unit used […]

Oil is trading in the negative after the price decline the day before, caused by a new wave of fears about the spread of the coronavirus of a new strain “Omicron”. The cost of February futures for Brent crude oil on London’s ICE Futures exchange by 8:28 Moscow time was $74.14 per barrel, which is […]

On 10 December, the Board of Executive Directors of the World Bank (WB) approved additional financing in the amount of $150m for the project “Emergency response to COVID-19 and vaccination in Ukraine”. This is reported by the press service of the bank. The WB expects that $120 million of additional financing will help the government […]

Inflows into exchange-traded index funds (ETFs) around the world this year exceeded $1 trillion at the end of November, according to data from Morningstar Inc. The trillion-dollar milestone was crossed for the first time, The Wall Street Journal notes. At the end of all of 2020, the figure amounted to $735.7 billion. The unprecedented jump […]

The price of the first cryptocurrency can grow by another $500 thousand thanks to the activity of institutionalizers. This opinion was expressed by Ark Invest founder Katie Wood in an interview with CNBC, writes cryptocurrency.tech. According to Katie Wood, such investors are looking for opportunities unrelated to traditional asset classes and are moving into cryptocurrency […]