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 […]

Demand for precious metals traditionally grows during market downturns. These assets are called protective due to their ability to survive the crisis, sanctions and other economic shocks. Here is a way to play on the growth of gold and silver. Futures are the cheapest way to make money on these precious metals: the exchange commission […]

FactSet compiled all mentions of inflation from S&P 500 companies’ reports for Q1 2022. The results were a record high for at least the last 10 years. 417 or 86% of companies mentioned the term “inflation,” well above the average over the past 5 years of 155. This is the highest value since at least […]

This week will be an important week from a central banking perspective as many expect the US Federal Reserve to deliver a second 50 basis point rate hike on Wednesday. Investors will be watching closely to see what Fed Chairman Jerome Powell has to say about future rate hikes following stronger than expected inflation data […]

Cryptocurrency Celsius plummeted on Sunday evening, reflecting and amplifying the turmoil sweeping the entire cryptocurrency ecosystem. Citing “extreme market conditions,” Celsius suspended withdrawals from its network. CEL/USD fell 45% on Sunday, continuing its decline since the beginning of the year. The cryptocurrency was trading at $0.195 as of 23:30 ET (03:30 GMT), down from $4.45 […]

The dollar rose sharply in early European trading on Monday, especially against the Japanese yen, as hot U.S. inflation data lifted Treasury yields at the start of a busy week for central banks. At 02:50 a.m. ET (06:50 GMT), the dollar index, which tracks its exchange rate against a basket of 6 other currencies, was […]

Asian stock indices are falling today. The negative impact on investor sentiment was caused by the fall of the US market on Monday after the publication of data on the acceleration of inflation in the country. As a result, it entered a “bearish” phase: the decline in the S&P 500 compared to the January peak […]

During today’s trading, the dollar is moderately declining against the euro and rising against the Japanese yen. The ICE index, which shows the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), is up 0.05% in morning trading. The WSJ Dollar indicator, which tracks the dollar […]