European aerospace corporation Airbus SE’s net profit rose 3.4 times to €1.22 billion in the first quarter of 2022 from €362 million in the same period a year earlier. Earnings per share rose to €1.55 from €0.46. Airbus said in a press release that earnings excluding interest and tax payments (EBIT) rose 3.1 times to […]

Today’s trading in the Russian stock market started in the major on the background of improving external stock and raw materials conditions on the signals of the U.S. Federal Reserve on the gradual tightening of monetary policy. The MosBirch index rose by 1.03% to 2,397.61 points during one minute of trading. The RTS index jumped […]

Investors have sued Netflix for compensation for falling stock prices, and Warren Buffett’s holding company has increased its stake in oil company Occidental – these and other important news for the morning of Thursday, May 5, in our daily review. A Texas-based investment fund has sued the streaming video company on behalf of Netflix shareholders […]

Stock indices in the Asia-Pacific region were mostly up on Thursday morning, with gains in U.S. stocks and bonds providing support to the market. Investors breathed a sigh of relief after the US Federal Reserve’s latest monetary policy decision came as expected and averted fears of a larger-than-expected rate hike. China’s Shanghai Composite index was […]

European stock indices are trading solidly higher on Thursday while investors are mostly “digesting” strong corporate reports after the U.S. Federal Reserve tempered expectations of a tough interest rate hike in the future. By 03:40 am ET (07:40 GMT), Germany’s DAX index was trading 1.8% higher, France’s CAC 40 was up 1.9% and Britain’s FTSE […]

The UK’s HM Revenue & Customs (HMRC) has revoked Moscow Exchange’s status as a “recognized stock exchange”, according to a statement on the agency’s website. Investors will not be able to take advantage of British tax benefits. “As the restrictions for UK investors remain in place, HMRC has withdrawn the Moscow Stock Exchange’s status as […]

The US market is waking up “from the hangover” after the Fed’s move, but solid gains in various sectors of the economy after the close of trading on Wednesday helped them hold on to most of the gains. Bond yields rose the day before while the market “digested” Jerome Powell’s forecast of a series of […]

Many major Western companies whose business is linked to China, such as Starbucks, Apple, DuPont, Estee Lauder, have warned in their quarterly earnings reports for the first quarter about the impact of the quarantine in China on their business, CNBC writes. While DuPont, for example, expects the situation to improve in late May, the impact […]

Ilon Musk and Katie Wood criticized passive investing on Twitter, taking part in a long-running Wall Street discussion about the growing power of index funds, Bloomberg writes. The discussion was spearheaded by venture capitalist Marc Andreessen, who argued that companies like BlackRock have too much weight in many corporations because of their voting power, anchored […]

Analysts have estimated the cost of oil, at which Moscow will be able to withstand the European Union’s refusal of its supplies from Russia, the Financial Times reports. According to their calculations, the Russian economy will not be significantly damaged at an oil price of $44 and above. The Russian budget largely depends on oil […]

Etsy shares fell 12% after the arts and crafts marketplace failed to allay fears that sellers were leaving its platform due to high sales commissions. ConocoPhillips shares rose 0.1% after the oil producer reported a higher first-quarter profit, helped by higher oil prices, and raised its target dividend to shareholders in 2022 by another 25% […]

Quotes of gold futures declined during Asian trading on Friday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in June are trading at $1.00 per troy ounce, down 0.01% at the time of writing this commentary. The low of the session was at $ per troy ounce. At the […]

Today stock indices of the largest countries of the Asia-Pacific region (APR) are declining following the collapse on Wall Street the previous day. U.S. indices ended Thursday’s trading with a 3-5% drop, a record for more than a year, amid rethinking of the results of the May meeting of the Federal Reserve, following which the […]

Exports from the United States to Russia have fallen to a 20-year low, and CNBC has learned about Musk’s possible appointment as interim head of Twitter – these and other important news for Friday morning, May 6, in our daily review. Exports of goods from the U.S. to Russia in March 2022 decreased almost five […]

The heads of several large European companies believe that a significant recession in Europe is coming. About it writes CNBC. The continent is particularly vulnerable to the effects of the conflict in Ukraine, in particular, economic sanctions and energy supply problems, and economists have lowered growth forecasts for the eurozone in recent weeks. The eurozone […]

During today’s trading, the US dollar continues to appreciate against the euro and yen. Calculated by ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), adds 0.02%, the broader WSJ Dollar Index 0.25%. As of 9:39 a.m. Moscow time, the euro was […]

Hungarian Prime Minister Viktor Orban said on radio Friday that Hungary needs five years in which it will not comply with a possible EU embargo on Russian Federation oil, Bloomberg news agency reported. “Orban said he wants a delay of five years – instead of the one-year term currently under consideration – for Hungary before […]

The export duty on wheat from Russia will be reduced to $114.3 from $120.1 per ton from May 13, the Agriculture Ministry said. The decrease occurred for the first time since March 16. The duty on barley rose to $74.1 from $73.5 per ton, and on corn – to $77 from $58.3 per ton. These […]