“Panic effect” in the stock market has also affected the cryptocurrency sector. In addition, the sharp drop in the Terra token (LUNA) since its departure from its peg to the dollar has reduced the value of the entire sector. Bitcoin, etherium, BNB, XRP, Cardano, Solana, Avalanche … All are in decline. Bitcoin’s price has fallen […]

U.S. stock indices opened the second consecutive trading with a decline amid investors’ concerns about inflation. The Dow Jones Industrial Average fell by 0.82% to 31571.86 points by 17:05 MSC. Standard & Poor’s 500 fell by 1.14% to 3890.44 points from the market opening. The Nasdaq Composite index fell 1.29% to 11218.2 points. Market participants […]

German pharmaceutical and chemical company Merck KGaA recorded an 18% increase in net profit in the first quarter to 884 million euros compared to 748 million euros in the same period a year earlier. Analysts surveyed by FactSet had expected the figure to be €1.05 billion. Merck’s revenue rose 12% year-on-year to €5.2 billion. Revenue […]

Oil prices continue to rise amid uncertainty about the prospects of the European embargo on oil supplies from Russia, as well as the situation in China, where the incidence of COVID-19 went down. The cost of July futures for Brent crude oil on the London-based ICE Futures exchange by 8:15 MSC on Friday is $109.34 […]

The U.S. Senate has approved the reappointment of Jerome Powell as head of the Federal Reserve System (Fed) for a second four-year term. “For” the reappointment of 69-year-old Powell was given 89 votes with 19 votes “against”, reports The Wall Street Journal. Powell’s first term as Fed chairman ended on February 5, and since then […]

British Prime Minister Boris Johnson has demanded that ministers cut 91,000 people employed in the civil service to free up billions in tax cuts, the Daily Mail reported. “Every pound the government takes from taxpayers is money they can spend on their own priorities, on their own lives,” the Daily Mail quoted Johnson as saying […]

In the course of today’s trading, the US dollar is getting cheaper against the euro and pound sterling after significant strengthening the day before. At the same time, the yen is falling on the statements of the head of the Bank of Japan Haruhiko Kuroda that the Central Bank will continue to implement a soft […]

“Kommersant reported a 30% increase in the price of car parts in March and April, marketplaces allowed the sale of goods from the list of parallel imports – these and other important news by Friday morning, May 13, in our daily review. The cost of car parts increased by an average of 31% in March […]

During the week, the cryptocurrency LUNA’s exchange rate dropped from $80 to $0.00001. The reason may lie in the very algorithm of UST return by investors, writes Bits.media. When attempting to return USTs, they are burned, and in return LUNA coins are issued in an amount equal in value to the burned stablecoins. The lower […]

U.S. Federal Reserve Chairman Jerome Powell warned on Thursday that getting inflation under control will not be easy as there may be some economic challenges along the way, but it still remains the Fed’s top priority, CNBC writes. Powell said promising a so-called “soft landing” for the economy is not possible as the Fed raises […]

The transfer of all airplanes of Russian airlines to the register of the Russian Federation will be completed in the near future, the head of the Ministry of Transport Vitaly Savelyev said in an interview with Rossiya 24 TV channel. “As of today, 1,285 aircraft are in operation in Russia. Work on their transfer to […]

Vladimir Yarovoy, Managing Director for Derivatives at Moscow Exchange, explained why the opinion that the dollar exchange rate is incorrectly formed on the trading floor is incorrect. He said this during a live broadcast on the channel “BCS Live”. “The ruble is traded in Russia, more than 90% of all transactions with the ruble are […]

Despite the continued fall in stocks this year, which has hit Katie Wood’s own Ark Investment Management fund particularly hard, she is continuing to follow her strategy and this Wednesday purchased the depreciated shares of Coinbase, Yahoo writes. The technology firm bought 546,579 shares of cryptocurrency exchange Coinbase (COIN) for about $3 million, according to […]

U.S. stock indices ended with active growth in trading on Friday, but declined at the end of the week. The Dow Jones recorded a decline for the seventh week in a row, which has not been seen since July 2001, according to Dow Jones Market Data. For the S&P 500 and Nasdaq Composite, the streak […]

Germany plans to stop importing Russian oil by the end of the year even if the European Union fails to agree on a Europe-wide ban as part of the next package of sanctions, Bloomberg news agency reported citing government sources. According to the officials, Chancellor Olaf Scholz’s administration is already making efforts to strike deals […]

The People’s Bank of China (NBK, the country’s central bank) injected 100 billion yuan ($14.7 billion) into the financial system on Monday as part of a medium-term lending facility (MLF) program. The NBK said in a statement that the rate on one-year loans under the MLF was left at 2.85% per annum. In addition, the […]

The volume of industrial production in China in April this year decreased by 2.9% compared to April of the previous year, according to the data of the State Statistical Office (SSO) of China. By comparison, China’s industrial production increased by 5% in March. Experts surveyed by Trading Economics, on average, expected a decline in April […]

The U.S. dollar is strengthening against the euro and the pound sterling during trading on Monday and is getting cheaper against the Japanese yen, demand for which is growing amid concerns about the global economy. Investors’ concerns about slowing global economic growth intensified amid statistical data from China, Bloomberg news agency writes. “Markets should quickly […]