Bank of America: UK economic vulnerability, risk aversion and dollar revival will trigger GBP/USD losses in Q1 to 1.12 According to Bank of America, persistent inflationary pressures will force central banks to maintain higher interest rates for longer, which will undermine risk appetite and strengthen the dollar. The bank also sees UK pessimism as justified […]

Vietnamese electric car maker VinFast said on Thursday it was going to defend the competitiveness of its models in the market after Tesla announced rebates to stimulate demand for its models, Reuters writes. VinFast, which entered the market in 2019, is preparing to expand in the U.S., where it hopes to compete by offering its […]

The volume of Russian gas transit to Europe confirmed by Ukraine as of 19 January amounted to 25.1m cu.m., RBC has reported citing Gazprom’s statement. This is 23% less than the volumes announced the day before, when 32.6 million cubic meters were agreed to be pumped. Ukraine in May 2022 stopped accepting gas for transit […]

UBS called the rally in global equity markets in early 2023 a fake. Stocks are still under pressure from persistently high inflation and a strong labor market, Business Insider quotes the expert’s opinion. Since the start of 2023, mainland China’s blue-chip index CSI 300 has jumped 7.34%, while Europe’s Euro Stoxx 50 is up about […]

As of January 13, Russia’s international reserves amounted to $592 billion, the Bank of Russia reported. As of January 6, international reserves amounted to $582 billion. Thus, they increased by $10 billion, or 1.7%, during the week. According to the Central Bank, the reserves grew under the influence of positive revaluation. International reserves are highly […]

According to Ripple CEO Brad Garlinghouse, the lawsuit against XRP could conclude in a matter of months, and most likely with a favorable outcome, Cointelegraph writes. Garlinghouse said at the World Economic Forum in Davos that he expects the firm’s long-running dispute with the U.S. Securities and Exchange Commission (SEC) to be concluded very soon, […]

Get ready for another flurry of economic data from the US a day after weak retail sales and industrial production figures caused the market to reassess the risk of recession. The FRB Philadelphia manufacturing index, weekly jobless claims, and December data on US housing starts and building permits issued could shock (or reassure). Procter & […]

Ripple CEO Brad Garlinghouse compared Bankman-Fried’s actions to Bernie Madoff, who launched the largest pyramid scheme in history and defrauded thousands of investors, CNBC reported. “In my opinion, FTX is now being portrayed as a cryptocurrency problem. I think it’s not really a cryptoaffair, it’s a scam. And I don’t think we should pretend it’s […]

The volume of electricity generated in China in December increased by 3% compared to the same month a year earlier and amounted to 757.9 billion kWh, according to the State Statistics Office of the country. At the same time, generation at thermal power plants increased by 1.3%, at hydropower plants – by 3.6%, at nuclear […]

Shares of streaming service Netflix soared 7.12% to $338.27 in the aftermarket. This is evidenced by trading data on NASDAQ. Investors began to buy securities after the release of the report for the fourth quarter of 2022. According to its results, the number of paid subscribers to the platforms reached 230.75 million people, which is […]

The European Union will continue to consider new sanctions packages against Russia, despite the growing difficulties associated with their adoption, said the President of the European Council Charles Michel, writes Bloomberg. “Each discussion on sanctions is much more complicated than the previous one,” he emphasized. Michel noted that the discussion of possible sanctions against Russia […]

Rosfinmonitoring will spend up to 340 million rubles to improve the tracking of cryptocurrencies, and the authorities have started looking for a new scheme to calculate oil prices for tax assessment – these and other important news for Friday morning, January 20, in our daily review. Rosfinmonitoring has placed an order to improve its Unified […]

The U.S. manufacturing business activity index (PMI) from the Institute for Supply Management (ISM) fell below the 50-point threshold separating activity growth from contraction 2 times in a row, both in November and December, Reuters writes. The Federal Reserve’s manufacturing production index declined in both November and December and showed a 0.4% annualized decline in […]

Hackers in the United States have stolen the data of about 37 million users of telecom operator T-Mobile. This was reported by The Wall Street Journal on January 19. As specified in the company, cybercriminals could have names, billing addresses, emails, phone numbers and dates of birth, reports iz.ru “Passwords, payment card information, Social Security […]

Producer prices in Germany in December fell by 0.4% in monthly terms after falling by 3.9% in November, according to data from the Federal Statistical Office (Destatis). Prices declined for the third consecutive month, before which the indicator showed continuous growth since May 2020. On an annualized basis, producer price growth slowed to 21.6% from […]

Oil quotes are down slightly, with North Sea Brent holding near its high from November last year, reached the previous day. . “Bulls” in the oil market “are being supported by hopes for a recovery in demand as the Chinese economy opens up, with a weak dollar also helping to boost quotes,” said FXTM analyst […]

The European Central Bank will do its best to bring inflation down to the 2% target, ECB chief Christine Lagarde said, hinting at “significant” rate hikes at upcoming meetings. Borrowing costs will rise steadily until they reach a sufficiently restrictive level and then remain at that level for an extended period, Bloomberg news agency quoted […]