International rating agency Fitch Ratings worsened the forecast of global economic growth in 2022 to 2.9% from 3.5% expected in March, including due to higher inflation. The most significantly revised estimate of China’s GDP lift was revised to 3.7% from 4.8%. In addition, the US economy is now expected to grow by 2.9% (previously 3.5%) […]

Binance has announced the resumption of withdrawals on the Bitcoin network. All transactions pending withdrawal of funds in the main network were carried out, follows from the message of the exchange. On June 13, cryptocurrency exchange Binance reported a temporary suspension of withdrawals in the Bitcoin (BTC) network. The reason for the failure was given […]

Unemployment in the UK, calculated according to the methodology of the International Labor Organization (ILO), in February-April 2022 was 3.8%, according to data from the country’s Office for National Statistics (ONS). In November 2021-January 2022, the figure was 4.0%. There were 1.3 million unemployed people in February-April, 355,000 fewer than a year earlier and 46,000 […]

India’s oil imports in April 2022 increased by 14% year-on-year, but decreased by 10% relative to March 2022, to 20.52 million tons, according to data from India’s Ministry of Commerce. Meanwhile, the country imported a total of 77.23 million tons of oil in the four months, up 36% from a year earlier. Russia was the […]

The Russian government will allocate an additional 7 billion rubles for the rural mortgage program, Russian Prime Minister Mikhail Mishustin said. “Now to the issue of rural mortgage. We will allocate an additional seven billion rubles for it,” he said at a meeting with deputy prime ministers. According to Mishustin, “these funds will be used […]

The Bank of Japan will increase the volume of government bond purchases tomorrow amid rising yields. The central bank plans to buy securities with a maturity of 1-3 years for 625 billion yen ($4.65 billion) and three- to five-year bonds for a similar amount. Previously announced volumes amounted to 475 billion yen in both cases, […]

Issuers, while exercising their right not to disclose sanctions-sensitive information, should also take into account the risks arising therefrom for investors. The relevant recommendation is contained in the information letter of the Bank of Russia dated June 14. Shortly after the introduction of tough anti-Russian sanctions in connection with the events in Ukraine, the Russian […]

The Governing Council of the European Central Bank (ECB) will hold an extraordinary meeting on Wednesday “to discuss current market conditions”, Bloomberg news agency reported, citing a statement from the regulator’s representative. Last week, the European Central Bank kept key interest rates unchanged and signaled plans to raise them by 25 basis points in July. […]

Chinese stock indices are rising today amid the publication of data indicating a gradual recovery of economic activity in the country in May after the easing of covid restrictions. Chinese index Shanghai Composite by 8:25 Moscow time rose by 1.8%, Hong Kong Hang Seng – by 1.5%. China’s industrial output rose 0.7% year-on-year in May […]

The oil market is showing a moderate rise after the previous day’s decline caused by optimism about the Iranian nuclear deal. Iranian authorities believe that negotiations on reviving the 2015 nuclear deal may end in success, The Times of Israel wrote. An agreement could lead to a relaxation of sanctions and an increase in Iranian […]

U.S. stock indexes ended the trading session lower as everyone awaits the end of the U.S. Federal Reserve’s two-day meeting on Wednesday, at which it will announce its interest rate decision and give an indication of what could happen this summer. The Fed has signaled a half-point rate hike, but expectations have been growing in […]

Consumer prices in France in May 2022, calculated according to French standards, increased by 5.2% in annualized terms after growth of 4.8% in April, according to the final data of the National Statistics Office Insee. Relative to the previous month, prices rose 0.7%. The first indicator coincided with the previously announced dynamics. Earlier it was […]

Today’s trading in the Russian stock market began with the growth of the MosBirch index by 0.2%, the RTS index – by 0.3% on the background of mixed signals from the world stock markets in anticipation of the decision of the U.S. Federal Reserve on the key rate. Western European stock markets ended trading on […]

Former Federal Reserve Bank of New York (FRB) Governor William Dudley believes that the Federal Reserve (Fed) will raise the benchmark interest rate by 75 basis points at the end of Wednesday’s meeting to curb US inflation. “My sense is that the Fed has already decided to raise the rate by 75 bps, rather than […]

Bloomberg has learned about US concerns over the “side effect” of sanctions, and Tinkoff (LON:TCSq) will allow currency fund units to be traded on the OTC market – these and other important news for Wednesday morning, June 15, in our daily review. A number of U.S. presidential administration officials are expressing concern that the sanctions, […]

Sberbank’s (MCX:SBER) loan portfolio will grow by about 4% in 2022, including corporate loans – by 2%, the bank’s first deputy chairman Alexander Vedyakhin said in an interview with Interfax. “It will grow by about 4% (the total loan portfolio in 2022),” Vedyakhin said. Speaking about the corporate loan portfolio, he noted that high interest […]

The exchange price of gas at the opening of trading on ICE Futures exceeded $1100 per thousand cubic meters. At the beginning of trading, the cost of July futures at the TTF hub in the Netherlands rose by 8% to €104.8 per 1 MWh, or about $1153 per thousand cubic meters, taking into account the […]

Russia, despite a decline in oil production in April, increased volumes in May and remains one of the world’s leading producers. Russian oil production in May rose to 10.55 million bpd, the country will retain its third place in the list of production leaders, the International Energy Agency (IEA) wrote in its report. “Russia’s outlook […]