The S&P 500 is now poised for its worst first half of the year since Richard Nixon’s presidency. About it writes Bloomberg. With only seven trading days left until the end of June, the index has fallen 21% since the beginning of the year amid expectations that the “toxic mix” of high inflation and aggressive […]

Bloomberg wrote about Russia forcing Iraq out of the Asian oil market, and crypto market players are selling off bitcoin mining cards en masse – these and other important news for Thursday morning, June 23, in our daily review. Due to large discounts on Russian energy resources, Asian importers began to favor Russia, weakening the […]

During today’s trading, the US dollar is getting cheaper against the euro and yen after the statements of the head of the Federal Reserve System (Fed) Jerome Powell about the risks of recession and rising unemployment. Calculated by ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, […]

Japanese automaker Toyota Motor Corp. is recalling about 2,700 electric SUVs of the bZ4X model due to the threat of spontaneous unscrewing of wheels. According to the company, unscrewing of wheels in electric cars of this model may be due to loosening of bolts fixing them. The recall covers 2,200 cars sold in Europe and […]

In May, retail sales in the UK decreased by 0.5% compared to the previous month, according to data from the country’s National Statistics Office (ONS). The consensus forecast of experts surveyed by Bloomberg provided for a decrease in the indicator by 0.7%. Respondents Trading Economics also predicted its decrease by 0.7%. In annual terms, sales […]

Leonard Birnbaum, head of German concern E.ON, believes that in the conditions of reduced natural gas supplies from Russia, the Federal Republic of Germany should find ways to fully increase domestic production, including fracking. “We must now look for all solutions without taboos to help us improve the situation,” Birnbaum told the WirtschaftsWoche podcast. “We […]

In May, consumer prices in Japan increased by 2.5% compared to the same month a year earlier, according to data from the country’s Ministry of Internal Affairs and Communications. Inflation remained at the April level, which was the highest in 7.5 years and exceeded the 2% mark for the first time since September 2008, excluding […]

U.S. stock indexes fluctuated on Thursday, eventually closing in the plus side after U.S. Federal Reserve Chairman Jerome Powell wrapped up his two-day economic address to Congress. Powell told lawmakers that the central bank is determined to tame inflation, assuring them it has the tools to do so, although he acknowledged that recession is one […]

Hedge fund Dalio doubled its bet on the collapse of European stocks, and analysts estimated the share of Russians able to service loans at 23% – these and other important news for the morning of Friday, June 24, in our daily review. The Bank of Russia will lift acquiring restrictions at the level of 1% […]

German authorities will be forced to shut down some sectors of the economy if they face a gas shortage, Economy Minister and Vice Chancellor Robert Habeck said in an interview with Spiegel. “All market processes will be suspended. It will be a disaster for some sectors. And we are not talking about two days or […]

The Bank of Russia is extending for the period from July 1 to December 31, 2022 the previously introduced relaxation on non-application of measures to banks subject to foreign sanctions in case of non-compliance with open currency position limits (OCP), the regulator said in a statement. The decision was made to maintain financial stability of […]

Russia and China will continue to increase the share of settlements in national currencies, but a complete abandonment of the dollar is impossible, Russian Ambassador to China Andrei Denisov said on air of the Rossiya-24 TV channel (VGTRK). “It is impossible to completely abandon the dollar in principle, and no one sets such a goal, […]

The Russian stock market started today’s trading in a slight plus on the back of improving external stock market conditions. Stock indices of the largest countries in the Asia-Pacific region are rising today, following the dynamics of the U.S. stock market, which ended the previous day’s trading with a steady rise. Thursday’s trading in the […]

The Russian ruble hit a rate of 52.3 per $1 last Wednesday, up about 1.3 percent from Tuesday and reaching its strongest level since May 2015, CNBC writes. But this strengthening of the national currency is not too favorable for the Russian Central Bank, which is now puzzling over how to “tame” its exchange rate […]

The German Ministry of Economy is considering the possibility of nationalizing a fragment of Nord Stream-2, which is located on the territory of the country, Spiegel writes. After that, the German part of the pipeline would be cut off from the rest of it and it could be connected to a floating LNG terminal, the […]

Natural gas futures prices declined during the European session on Friday. At the New York Mercantile Exchange, natural gas futures for delivery in July are trading at $6.17 per million Btu, down 1.17% at the time of writing this commentary. The session low was $/mmBtu. At the time of writing, natural gas found support at […]

With nearly $146.7 billion in record free cash reserves, Berkshire Hathaway (NYSE:BRKb) has been buying up shares of integrated oil and gas giant Occidental Petroleum (NYSE:OXY) in 2022, spending more than $500 million in the last week alone to acquire another 9.6 million shares of the oil company and bringing its total stake to 152.7 […]

Trade in Russian diamonds has slowed sharply since late May as diamond cutters meet the demand for polished goods from other sources, independent diamond industry analyst Paul Zimnisky said in an interview with industry news agency Rough&Polished. This is partly due to difficulties in paying for Russian goods in U.S. dollars, but some diamond manufacturers […]