The index of expectations of investors and analysts regarding the German economy for the next 6 months (confidence index) in May 2022 rose to minus 34.3 points from minus 31 points in April, according to the data of the research institute ZEW. In April, the indicator fell by 1.7 points, and in March collapsed at […]

Currency analysts at Goldman Sachs have revised their forecasts for the pound downward on the back of a markedly weaker global economic risk profile. They also expect restraint from the Bank of England at the same time as more hawkish central banks elsewhere. Despite the downgrade, forecasts for the euro to pound (EUR/GBP) exchange rate […]

The EU is thinking of offering Hungary monetary compensation in exchange for supporting the embargo on oil imports from Russia, and the House of Representatives approved a $40 billion aid package for Ukraine – these and other important news for Wednesday morning, May 11, in our daily review. The EU may offer Hungary monetary compensation […]

The U.S. dollar is falling against major currencies during trading on Wednesday. Traders continue to follow the statistical data from the U.S., including the dynamics of consumer prices. The U.S. Department of Labor will release data on the dynamics of consumer prices in April on Wednesday at 15:30 Moscow time. Head of the Federal Reserve […]

In April 2022, consumer prices in Germany, calculated according to national standards, rose by 7.4% compared to the same month in 2021, after rising by 7.3% a month earlier, final data from the country’s Federal Statistical Office (Destatis) showed. Relative to the previous month, prices increased by 0.8%. The dynamics of indicators coincided with the […]

Global oil and liquid hydrocarbons (LHW) consumption will total 99.6 million bpd in 2022, up 2.1 million bpd from 2021, the US Department of Energy’s Energy Information Administration (EIA) said in its monthly forecast. Thus EIA adjusted its forecast downward. In March, the ministry forecasted oil consumption in the current year at 99.8 million b/s. […]

Katie Wood’s flagship fund Ark Invest on Monday bought 158,187 shares of General Motors, a traditional car company that markets electric vehicles, for more than $6 million, marking her first stake in the auto giant, Business Insider reports. It marks a change of heart for Wood, who said older automakers “don’t have the DNA to […]

Shares of Russian agro-industrial company Rusagro at the afternoon trading on Tuesday, May 11, momentarily rose by 5.08% to 913.4 per Global Depositary Receipt (GDR). At the time of preparation of the material securities corrected to 908.8 rubles per piece. Stock quotes of Rusagro began to rise sharply after the publication of financial results for […]

In January-April, car sales in the People’s Republic of China decreased by 12.1% (year-on-year) and amounted to 7.69 million, according to data from the China Association of Automobile Manufacturers (CAAM). Passenger vehicle sales fell 4.2% to 6.51 million in the four months, while commercial vehicle sales fell 39.8% to 1.18 million. In April, when China’s […]

Saudi Arabia will cut prices for exported oil for buyers from all regions except the United States in June, state-owned Saudi Aramco (TADAWUL:2222) said. Thus, the cost of fuel delivered to Asia will drop by $4.95 a barrel, while the Arab Super Light grade will drop by $5.1 a barrel. As a result, it will […]

In the US, April inflation data will be released, which will help to see if there were signs of peak price growth in the US. Stablecoin Terra USD is still in trouble, as is Coinbase stock after a weak quarter for crypto traders. However, the U.S. stock market will open in the plus side on […]

U.S. Securities and Exchange Commission (SEC) chief Gary Gensler said Tuesday that most digital assets are under his agency’s jurisdiction and platforms trading them must be registered with the regulator. However, he also sharply criticized digital asset exchanges, claiming that some platforms are evading the rules and betting against their customers, Bloomberg writes. Gensler said […]

Russian Energy Minister Nikolai Shulginov and Belarusian Energy Minister Viktor Karankevich have signed protocols on amendments to the intergovernmental agreement on natural gas supplies to Belarus, the Russian Energy Ministry reported. “The documents provide for the transition to gas payment in Russian rubles and determine the terms of gas price formation from April to the […]

Bulgarian Prime Minister Kirill Petkov and U.S. Vice President Kamala Harris have agreed that Bulgaria will start supplying natural gas from the United States “at prices below Gazprom” as early as June, the Bulgarian government said in a statement. The price at which Bulgaria will buy energy resources from the United States was not disclosed. […]

On Wednesday, American stock indices ended with a decline, market participants were assessing the data on April inflation in the United States and following corporate news. The Dow Jones Industrial Average fell by 1.02% to 31834.11 points. The leader of the decline among the components of the index were the shares of Apple Inc. which […]

The market capitalization of Saudi Arabian Oil Co. surpassed the value of Apple Inc. during trading on Wednesday for the first time since 2020, making the state-owned Saudi energy company the world’s most valuable company, Bloomberg reported. Apple shares fell in price by 3.9% during the session, bringing the iPhone maker’s capitalization down to $2.41 […]

Экс-глава Федерального резервного банка (ФРБ) Нью-Йорка Уильям Дадли считает, что Федеральной резервной системе (ФРС) The U.S. would have to raise the benchmark rate to 5% or higher to curb inflation at home. The Fed has had enough of “sugarcoating” the truth about how far it would have to go with a rate hike to get […]

Stock indexes in the U.S. fell again on Wednesday as investors couldn’t shake off the worrying burden of inflation. Technology stocks led the market as investors turned away from riskier bets in recent weeks. The U.S. consumer price index for April, released on Wednesday, showed that price growth had slowed but was still at elevated […]