U.S. stock indices fell sharply on Friday after the publication of statistical data on the U.S. economy, which confirmed investors in the opinion that the Federal Reserve System (FRS) will continue rapid tightening of monetary policy. The Dow Jones Industrial Average index fell 348.58 points (1.05%) to close at 32899.7 points. Standard & Poor’s 500 […]

The Dow Jones service has stopped supplying Russian banks with sanctions data, while the volume of funds raised by IPOs in the U.S. and Europe in 2022 has fallen by 90% – these and other important news for Monday morning, June 6, in our daily review. Russian banks have a problem with obtaining compliance information […]

In May, the net outflow of funds from retail mutual funds amounted to 11.3 billion rubles, compared to a record 23.2 billion rubles, which investors withdrew from mutual funds a month earlier. This is reported by “Kommersant”, referring to the data of Investfunds. The average daily outflow last month changed less significantly – to 0.628 […]

Russian diamond mining companies are reducing the volume of exports to major markets, Kommersant reported citing statistics from India and Belgium. According to India’s Ministry of Industry and Trade, in March imports of rough diamonds totaled 209,000 carats, which is half as much as in March 2021. In total, from January to March, Russia supplied […]

Half of Russians (50%) note that compared to the beginning of May the most significant price increase among food products was for sugar, according to the data of the survey of the Public Opinion Foundation (FOM), published on the official website of the sociological center. In addition, as the results of the survey show, 46% […]

European entrepreneurs are set to buy British telecommunications group Truphone, owned by Roman Abramovich and his partners, for £1, the Financial Times reports. “British telecoms group Truphone, owned by Russian oligarch Roman Abramovich and his partners, is being sold for £1 to two European entrepreneurs,” the paper says. The newspaper notes that the decision to […]

Prime Minister Mikhail Mishustin gave instructions following the results of the meeting of the legal commission on the development of small and medium-sized enterprises, held on May 26. In particular, according to the press service of the Cabinet of Ministers, the Ministry of Industry and Trade, Ministry of Finance and Ministry of Economic Development instructed […]

The volume of cargo transportation through the network of JSC “Russian Railways” (RZD) decreased in January-May 2022 compared to the same indicators of the last year by 2%, to 562 million tons, according to the materials of the company, which were read by “Interfax”. At the same time, the volume of domestic transportation increased by […]

Didi shares are up more than 50% in premarket trading on the New York Stock Exchange to $2.82 per paper, trading data show. Quotes skyrocketed on news that Chinese regulators plan to lift a ban on new users for Didi and allow the company to return to domestic app stores. The Wall Street Journal reported […]

In April, the world central banks, according to preliminary data, bought 19.4 tons of gold for foreign exchange reserves (9.4 tons were sold in March), as calculated by the World Gold Council (WGC). The largest buyers were Uzbekistan (8.7 tons), Turkey (5.6 tons) and Kazakhstan (5.3 tons). Gold was sold mainly by Germany (0.9 tons), […]

“Public Consumer Initiative” (PCI) filed lawsuits against automakers, including General Motors, Mercedes, Volkswagen and Toyota Motor, said the head of the organization Oleg Pavlov. He specified that we are talking about domestic legal entities, writes “Izvestia”. OPI believes that foreign companies that have suspended work in Russia, violate the rights of consumers, as now people […]

The Reserve Bank of India (RBI) raised its key interest rate in an effort to curb inflation in the country. The repo rate was raised by 50 basis points (bps) to 4.9%. Experts polled by The Wall Street Journal had largely expected a 40 bps hike. India’s inflation in April accelerated to the highest since […]

Stock indices of the largest countries of the Asia-Pacific region (APR) are rising in trading on Wednesday against the background of the growth of the U.S. stock market on the previous day due to the rally of companies in the technology sector. The U.S. stock market ended trading on Tuesday in the plus after a […]

The US dollar is appreciating against the euro, yen and pound sterling in trading on Wednesday. Calculated ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona) rose by 0.24%, the broader WSJ Dollar Index – by 0.17%. The market’s focus is on […]

A short working week and a long weekend are coming to Russians in connection with the celebration of Russia Day on June 12, the press service of Rostrud reported. “This year June 12 falls on Sunday, so the weekend will last from Saturday, June 11, to Monday, June 13, inclusive,” the press service said on […]

The head of Trafigura warned of a “parabolic” rise in oil prices, and funding for Musk’s Twitter deal is partially suspended – these and other important news for Wednesday morning, June 8, in our daily review. Oil prices could see a “parabolic” rise this year, soaring to records and slowing economic growth, according to Jeremy […]

Asia-Pacific stock indexes rose Wednesday morning, with lower bond yields easing some investors’ fears of an interest rate hike-induced recession. Japan’s Nikkei 225 index added 1.00% by 22:28 Eastern Time (02:28 GMT). Beating market expectations, government data released this morning showed that Japan’s GDP contracted at an annualized rate of 0.5% in January-March, less than […]

Andrei Skabelin, Director of the Currency Market Department of the Moscow Exchange, said that in the near future the Exchange plans to launch trading in Armenian dram, Uzbek sum and Emirati dirham. According to him, the exchange has 20 currency pairs under consideration for possible launch, Kommersant reports. “In the coming months, we plan to […]