Currency analysts at Goldman Sachs expect further high sterling volatility in the short term. The Bank of England (BoE) has managed to stabilize conditions, but globally he does not believe the UK’s political course will change enough to provide lasting relief for sterling, especially with weak fundamentals. He adds: “We believe the underlying trend is […]

The RTS index accelerated its growth to 2.94%, up to 1019.59 points, according to trading data on the Moscow Exchange as of 12:17 MSC. The sharp jump began after Moscow Mayor Sergei Sobyanin wrote in his blog about the completion of partial mobilization in the capital. The Moscow Exchange index was rising by 2.11% to […]

China postponed the release of third quarter GDP data, which could save Xi Jinping embarrassment as he goes for a third term. The pound stabilized and bond yields soared as almost all of the government’s ill-fated “mini-budget” was canceled. The U.S. stock market should open higher, while Bank of America (NYSE:BAC) will report earnings before the […]

The European Union will study the possibility of paying Ilon Musk for Starlink terminals for Ukraine, and Exxon Mobil “safely left” Russia after terminating its participation in Sakhalin-1 – these and other important news for Tuesday morning, October 18, in our daily review. European Union foreign policy chief Josep Borrell has instructed diplomats to develop […]

The U.S. stock market rose on Monday, putting last week’s slump behind it, as big earnings from Bank of America (NYSE:BAC) and other financial companies helped lift the major indexes. This week will be a busy one in terms of earnings reports as more than 60 S&P 500 companies, including Tesla (NASDAQ:TSLA), Netflix and Procter […]

Netflix, Johnson & Johnson and Goldman Sachs will report their earnings, looking to build on the positive sentiment created by the rest of the banking sector and Pepsico. US industrial production data will be released today, as well as the monthly survey from the National Association of Home Builders. Pound Sterling and bonds took a breather […]

The US dollar is growing in value against the world’s major currencies. The dollar continues to be supported by expectations of further tightening of monetary policy by the Federal Reserve System (FRS) of the USA in the conditions of persistently high inflation, Trading Economics writes. Investors are evaluating the official data on inflation in the […]

In September 2022, residents of the capital concluded 4.8 thousand contracts under the program of preferential mortgage for 42.7 billion rubles. Compared to the same month last year, this volume increased 17 times and became a record since July 2021, said Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov. […]

While the yuan is falling in value against the dollar, huge amounts of cash are leaving the Chinese financial market, and for the first half of the year net capital outflow from stocks, bonds and private equity in China amounted to $101 billion, writes Business Insider. At the same time, China itself believes that the […]

Tesla shares fell 6% on record revenue and operating profit, and Freedom Holding sold financial assets in Russia – these and other important news for the morning of Thursday, October 20, in our daily review. Tesla shares fell 6.28% to $208.1 at the close of the NASDAQ postmarket, trading data showed. The automaker reported its […]