The European Commission, the European Parliament and the bloc’s member states on Thursday hammered out a new agreement on crypto industry reforms known as the Market for Cryptoassets (MiCA), which is the first attempt to create a comprehensive regulatory framework for digital assets in the region, CNBC writes. According to MEP Stephan Berger, the rules […]

Quotes of oil producer Rosneft rose by 8.7% at the opening of trading on Friday, July 1, reaching 393.7 rubles per share, according to trading data on the Moscow Exchange. By 10:50 MSC the share price corrected to 376.2 rubles (+3.85% to the close of the previous trading). The day before, on June 30, Rosneft’s […]

European countries are facing a serious new shock as a result of the reduction of natural gas supplies from Russia, experts at Deutsche Bank (ETR:DBKGn) believe. In their opinion, this could further increase inflation in the region and push the eurozone’s largest economy, Germany, into recession. “What has been unfolding in Europe in recent days […]

Unemployment in Japan in May unexpectedly rose to 2.6% from 2.5% in April, according to data from the country’s Ministry of Internal Affairs and Communications. Experts expected it to remain at the level of the previous month, Trading Economics notes. A year earlier, unemployment in Japan amounted to 3%. The number of unemployed in the […]

Oil quotations are weakly declining on Monday morning after the growth at the end of the previous week. The cost of September futures for Brent crude oil on the London-based ICE Futures exchange by 8:15 MSC on Monday is $111.61 per barrel, which is $0.02 (0.02%) lower than the price at the close of the […]

The volume of investments in the Moscow economy in 2022 has increased by more than 30%, the pace has increased, said the head of the Department of investment and industrial policy of the capital Vladislav Ovchinsky. “Over the past four months, the volume of investment in the real economy has increased. If last year we […]

American electric car maker Tesla (NASDAQ:TSLA) reduced deliveries in the second quarter by 18% compared to the previous three months – to 254.695 thousand, according to the company’s press release. This included Model S and Model X deliveries totaling 16,162k, Model 3 and Model Y deliveries totaling 238,533k. Negative factors were the continuing problems in […]

Every second resident of Germany is afraid of freezing in the coming winter due to the reduction of Russian gas supplies and inflation in the European Union, the German edition of Bild reports with reference to the INSA survey data. The majority of respondents – 75 percent – called the price increase a heavy or […]

During today’s trading, the US dollar is slightly cheaper against the euro, appreciating against the yen. Calculated ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), is down 0.02%, the broader WSJ Dollar Index – by 0.04%. As of 9:07 a.m. Moscow […]

French Schneider Electric has signed a binding agreement on the sale of assets in Russia to local management, the company reported. The deal is yet to be approved by regulators, the report specifies. As recalled in the company, since February 24, all new investments, as well as deliveries to Russia and Belarus were suspended. The […]

Standard Chartered’s wealth management division is maintaining a bearish stance on the US dollar for six to twelve months as they sense an important turning point in global currency markets is approaching. The UK-based, Asia-focused lender meanwhile upgraded its stance on UK equities, saying they are now offering good value and exposure to the commodities […]

Friday’s U.S. jobs report and Wednesday’s minutes of the Federal Reserve’s June meeting are expected to be the main events this week, shortened by a holiday, amid concerns about the prospect of a recession. Stock indexes in the U.S. are entering an uncertain third quarter after the worst first half of the year since 1970, […]

Bezos and the White House argued over Biden’s calls for gas station owners to lower prices, and the dollar and euro rose by 2 rubles on the Moscow Exchange – these and other important news for Monday morning, July 4, in our daily review. Amazon (NASDAQ:AMZN) founder Jeff Bezos accused the White House of not […]

Many major countries will enter recession over the next 12 months amid tightening government policies and rising living costs, pushing the global economy into a synchronized slowdown, analysts at Nomura Holdings Inc. believe. According to their forecasts, the US, UK, Japan, South Korea, Australia, Canada and the euro zone may face recession. At the same […]

The daily increase in new cases of coronavirus infection in the Russian Federation amounted to almost 2.9 thousand cases, more than 500 people were hospitalized, 43 patients with COVID-19 died, follows from the data of the operational headquarters, released on Monday. “As of July 4, 2,866 new cases of COVID-19 have been detected in the […]

Oil prices are changing multidirectionally. Meanwhile, supply concerns persist in the market, overshadowing worries that a recession in the global economy will hit energy demand, Trading Economics writes. The Norwegian Oil and Gas Association launched a strike at oilfields on Tuesday. According to estimates of the organization, oil production in the country in this connection […]

The US dollar is getting cheaper against the euro, but is showing growth against the Japanese yen. Meanwhile, the dollar ICE index is near its highest level since December 2002, as market participants expect the US Federal Reserve (Fed) to continue raising rates at an aggressive pace to combat rising inflation, which will support the […]

A recession in the U.S. economy is not the baseline scenario of experts at Goldman Sachs Group Inc. (NYSE:GS), Gurpreet Gill, who is in charge of global fixed income strategy at the bank, said on Bloomberg Television. Monetary tightening in the U.S. is likely to continue, and a technical recession, that is, a decline in […]