Friday’s U.S. jobs report and Wednesday’s minutes of the Federal Reserve’s June meeting are expected to be the main events this week, shortened by a holiday, amid concerns about the prospect of a recession. Stock indexes in the U.S. are entering an uncertain third quarter after the worst first half of the year since 1970, […]

Bezos and the White House argued over Biden’s calls for gas station owners to lower prices, and the dollar and euro rose by 2 rubles on the Moscow Exchange – these and other important news for Monday morning, July 4, in our daily review. Amazon (NASDAQ:AMZN) founder Jeff Bezos accused the White House of not […]

Many major countries will enter recession over the next 12 months amid tightening government policies and rising living costs, pushing the global economy into a synchronized slowdown, analysts at Nomura Holdings Inc. believe. According to their forecasts, the US, UK, Japan, South Korea, Australia, Canada and the euro zone may face recession. At the same […]

The daily increase in new cases of coronavirus infection in the Russian Federation amounted to almost 2.9 thousand cases, more than 500 people were hospitalized, 43 patients with COVID-19 died, follows from the data of the operational headquarters, released on Monday. “As of July 4, 2,866 new cases of COVID-19 have been detected in the […]

Oil prices are changing multidirectionally. Meanwhile, supply concerns persist in the market, overshadowing worries that a recession in the global economy will hit energy demand, Trading Economics writes. The Norwegian Oil and Gas Association launched a strike at oilfields on Tuesday. According to estimates of the organization, oil production in the country in this connection […]

The US dollar is getting cheaper against the euro, but is showing growth against the Japanese yen. Meanwhile, the dollar ICE index is near its highest level since December 2002, as market participants expect the US Federal Reserve (Fed) to continue raising rates at an aggressive pace to combat rising inflation, which will support the […]

A recession in the U.S. economy is not the baseline scenario of experts at Goldman Sachs Group Inc. (NYSE:GS), Gurpreet Gill, who is in charge of global fixed income strategy at the bank, said on Bloomberg Television. Monetary tightening in the U.S. is likely to continue, and a technical recession, that is, a decline in […]

The global rise in energy prices is beginning to negatively affect the volume of demand, according to the head of the Asian business of the world’s largest oil trader Vitol Mike Mueller. Consumers are being hit by rising prices for gasoline, diesel and other products, Mueller noted on the Gulf Intelligence podcast. “There’s very clear […]

Quotes of gold futures rose during Asian trading on Tuesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in August are trading at $1.00 per troy ounce, up 0.55% at the time of writing this commentary. The maximum of the session was at $1.00 per troy ounce. At the […]

In Canada, a growing number of companies expect the country’s inflation rate to remain well above 2% for 3 years or more, with a third of firms planning to substantially increase the prices of their products to customers, a quarterly Bank of Canada survey showed. Nearly half of the companies surveyed, or 47%, expect to […]

Workers of a number of companies in the extractive industry in Norway went on strike, demanding higher wages. The suspension of work of the companies will reduce oil production. The workers demand higher wages to compensate for rising inflation. The Norwegian government said it was closely monitoring the conflict and was ready to intervene to […]

Potanin said he agreed to discuss a merger between Nornickel and UC Rusal (MCX:RUAL), and the authorities revived an initiative to ban currency-linked contracts – these and other important news for Tuesday morning, July 5, in our daily review. “Norilsk Nickel, the world’s leading producer of palladium and high-grade nickel, has agreed to return to […]

What happenedYury Denisov, Chairman of the Board of Moscow Exchange, reduced his stake in the exchange’s capital from 0.035% to 0.0000004%, according to a message on the information disclosure website. The date of the event is June 4. According to the closing price of Mosbirzhi shares on June 4, the sold stake corresponds to about […]

Asia-Pacific stock indexes were mostly up Monday morning as the U.S. may announce this week that it will lift some tariffs on Chinese consumer goods. Japan’s Nikkei 225 index added 0.69% by 22:33 Eastern Time (02:33 GMT). South Korea’s KOSPI jumped 1.42%. Australia’s ASX 200 was up 0.27%. Hong Kong’s Hang Seng rose 0.77%. China’s […]

German Chancellor Olaf Scholz said yesterday that the current economic problems in Germany will not be solved anytime soon. “Today’s crisis will not end in the next few weeks. We must be prepared that the situation will not change in the foreseeable future. In other words, we are dealing with a historic challenge,” Bloomberg quotes […]

Volvo Group has started laying off staff in its Russian divisions to adapt to the changed conditions, the company’s press service told Interfax. The conditions under which employees will be laid off and their number are now being determined by the management of Volvo Group’s Russian office. The press service does not specify which departments […]

Currency analysts at MUFG expect concerns about the global economy and vulnerabilities due to high levels of domestic debt to undermine the Canadian dollar. According to the bank, “We recommend a long USD/CAD trade idea to reflect the growing risk of further weakening of the Canadian dollar in the near term amid growing concerns about […]

Trade turnover between Turkey and Russia in 2022 is projected at about $50 billion against $35 billion in 2021, Turkish Ambassador to Russia Mehmet Samsar told reporters on the sidelines of the Innoprom-2022 exhibition. Thus, the indicator this year may grow by 43%. “Last year $35 billion (was the trade turnover between Turkey and the […]