The sell-off in the U.S. stock market accelerated on Thursday evening ahead of Friday’s highly anticipated U.S. consumer price data, just days before the Federal Reserve meets to decide on its next move on interest rates and monetary tightening. Investors are hoping that the consumer price index for May, released on Friday, will show signs […]

The Russian stock market started trading on Friday in the red zone due to the deterioration of the external situation and investors’ reluctance to buy ahead of the long weekend in Russia. At the end of yesterday’s trading stock markets in Western Europe fell on the results of the European Central Bank (ECB) meeting. U.S. […]

The Russian Government has submitted to the State Duma a draft law that gives the Central Bank’s board of directors the authority to determine the functions of the National Payment Card System (NPCS) to work with international payment cards issued by operators excluded by the regulator from the register, as well as to determine the […]

Stock indices of the Asia-Pacific region (APAC) are mostly falling on Friday, with the exception of the Chinese market, which turned to growth. Japan’s Nikkei 225 loses 1.4%, Hong Kong’s Hang Seng loses 0.2%, South Korea’s KOSPI loses 1.1% and Australia’s S&P/ASX 200 loses 1.1%. China’s Shanghai Composite index adds 0.8%, Shenzhen Composite – 1.5%. […]

Russia will increase spending under the State Defense Order by 600-700 billion rubles this year, First Deputy Chairman of the Board of the Russian Military Industrial Commission (MIC) Andrei Yelchaninov said in an interview with Interfax. “We forecast that the State Defense Order this year will grow by a guaranteed 600-700 billion rubles,” Yelchaninov said. […]

Export duty on wheat from Russia will increase to $131.6 from $129.2 per ton from June 16, according to the Ministry of Agriculture. The duty on barley, which has been kept at the same level for three weeks ($76.5 per ton), will go up to $92.8 per ton, while the duty on corn – will […]

Swiss trader Trafigura intends to withdraw from the Vostok Oil project in Russia. “The Group has ceased all oil trading with Russian entities under sanctions until the European Union and Swiss decisions take effect on May 15, 2022. The volumes of petroleum products from Russian sanctioned entities have also been substantially reduced to exclusively supply […]

Further appreciation of the dollar paired with the Japanese yen could trigger a new financial crisis in the Asian region, former Goldman Sachs economist Jim O’Neil believes. “If the yen continues to get cheaper, China will see it as an unfair competitive advantage, so the parallels to the 1997 Asian financial crisis are obvious,” O’Neil […]

Russian President Vladimir Putin has signed a law allowing pre-school children to travel free of charge in electric trains. “It seems expedient to bring to uniformity the norm on free travel, giving passengers the right to carry children up to and including 7 years of age free of charge in electric trains (suburban trains) without […]

France’s first offshore wind turbine park, located in the west of the country near Saint-Nazaire, has started generating electricity, Le Figaro writes with reference to the consortium that owns the facility and the operator of the French power grid system, Réseau de Transport d”Elestricité (RTE). There are now 27 wind turbines in this park. By […]

The Russian economy may decline by 7.0-7.2% in 2022, according to a new forecast published by the Center for Macroeconomic Analysis and Short-Term Forecasting (CMAKP) “taking into account new information as of early June”. The previous version of the CMACPM forecast from May assumed a 7.4-7.7% decline in the Russian economy in 2022 (the head […]

The number of the Russian population with incomes below the subsistence minimum remained virtually unchanged year-on-year – in Q1 2022 it amounted to 20.9 million people against 20.8 million a year earlier, the Federal State Statistics Service (Rosstat) reported. The poverty rate in Russia in the 1st quarter of 2022 rose slightly to 14.3% against […]

Saudi Arabia will cut oil supplies to China in July in favor of other Asian countries, Bloomberg reports citing sources. Among the countries that will receive additional raw materials are Japan, South Korea, Thailand and India. In some of them the volume of supplies will be larger than originally requested, the agency sources noted. Many […]

The U.S. stock market ended Friday trading with a decline amid negative dynamics from the sectors of technology, consumer services and finance. At the time of closing on the New York Stock Exchange, the Dow Jones fell by 2.73%, the S&P 500 index fell by 2.91%, the NASDAQ Composite index fell by 3.52%. In the […]

The Institute for Agricultural Market Conjuncture (ICAR) has raised its baseline forecast for this year’s wheat harvest in Russia by 2 million tons, to 87 million tons. “We have a wide fork in the estimates – from 84 million to 90 million tons. But the base forecast is now 87 million tons against the previous […]

Sberbank has reduced rates on the main deposits of individuals by 1.5 percentage points (p.p.), follows from the materials on the bank’s website. Now the maximum rate on deposits at Sberbank is 8%, while previously it reached 9.5%. The Bank also reduced rates on consumer loans by 1 p.p.. The minimum prime rate on loans […]

The official U.S. dollar exchange rate, set by the Central Bank from June 11, is Br57.778. Compared to the previous value, the rate decreased by 61.15 kopecks. The official euro exchange rate, set by the Central Bank from June 11, amounts to Br60.9656. Compared to the previous value, the rate has decreased by Rb 1.13.

The British economy shrank by a record 20.4% in April, a month in which the country was under strict quarantine and its consequences are three times worse than the 2008 financial crisis. From February to April the GDP of Great Britain decreased by 10.4% compared to the previous period. In April, the airline market collapsed […]