Shipments of smartphones in China last year fell to 285.8 million units, according to data from research company IDC. On a year-on-year basis, the figure fell by 13.2% and fell below the 300,000 mark for the first time in a decade. The decline in demand was influenced by tight restrictions under the “zero-tolerance” COVID-19 policy […]

India’s Adani Group Corporation issued a response on Sunday to a report by short-seller Hindenburg Research that triggered a $48 billion collapse in its shares, saying it complied with all local laws and had provided necessary information to regulators, Reuters writes. The conglomerate, led by Asia’s richest man Gautam Adani, said the Hindenburg Research report […]

US investment bank Goldman Sachs has restructured its assets in Russia, RBC reports citing two sources in the investment market. According to one of them, the asset portfolio was bought out by the top management of the American bank – managing director of the European special situation group of Goldman Sachs Maxim Klimov and managing […]

The dollar pulled back from an 8-month low on Monday ahead of this week’s central bank meetings, although its gains were limited by a dovish reassessment of expectations of a rate hike by the U.S. Federal Reserve versus more hawkish banks, Reuters writes. The U.S. dollar index rose 0.03% to 101.92 after hitting an eight-month […]

With 40% growth, January 2023 risks becoming the best month for Bitcoin in 10 years. One of the world’s largest banks, Goldman Sachs, has rated the cryptocurrency as the most profitable asset, including on a risk-adjusted basis. Bitcoin outperformed gold, stock markets and the real estate sector by a significant margin. Image source: twitter.com/DocumentingBTC A year […]

According to a Reuters poll, manufacturing activity in China will shrink at a slower pace in January than in December, with workers continuing to fall ill with coronavirus after the government lifted a regime of strict restrictions. The resurgence of infections among the population has gone even faster than economists expected, hence the continued disruptions […]

The volume of Russian crude oil exports will not be significantly affected by the fuel price limit set by the G7 countries, as Russian trade is redirected from the countries that have adopted sanctions to the countries that did not impose them. This is stated in the forecast of the International Monetary Fund (IMF). Earlier […]

The conflict in Ukraine will accelerate the abandonment of oil and gas as countries around the world prioritize their own renewable energy sources to improve security of supply and reduce carbon emissions, according to an annual report by oil and gas company BP . It expects a much steeper decline in demand for fossil fuels […]

Greetings colleagues, I have made a forecast on such assets as US Crude, XAUUSD and EURUSD using a combination of margin zone techniques and classical technical analysis. Based on this analysis, I have generated a list of trade entry signals for intraday traders. Euro is correcting within the framework of a short-term uptrend. OIL OUTLOOK […]

Japan’s retail sales in December 2022 rose for the 10th straight month, the pace of increase accelerated and was better than analysts’ expectations. Sales rose 3.8% from December 2021, the Ministry of Economy, Trade and Industry said. They rose 2.5 percent in November. Experts surveyed by Trading Economics had on average forecast a 3% rise. […]

The EU has claimed problems for local businesses due to easier imports of Ukrainian grain, and the IMF has predicted growth of the Russian economy in 2023 and 2024 – these and other important news for Tuesday morning, January 31, in our daily review. Imports of agricultural products from Ukraine to neighboring EU countries rose […]

Business activity in China rose more than expected in January, government data showed on Tuesday, as the recent easing of COVID-19 measures and Lunar New Year celebrations helped overcome a 3-month slump. China’s manufacturing business activity index (PMI) rose to 50.1 in January, higher than the expected 49.8 and December’s 47.0. A reading below 50 […]

US bank Goldman Sachs Group (NYSE:GS) has transferred a number of assets in Russia to former top managers of Russian businesses, the Financial Times writes, citing informed sources. According to the sources, Goldman’s stakes in HeadHunter (MCX:HHRUDR) and Cian were sold to Maxim Klimov and Anton Shrader. They previously worked as managing directors of the […]

There are signs that the weather in the United States may turn bad at some point. But it doesn’t look like it will happen fast enough to stop the bears from pushing natural gas futures lower. The March Henry Hub gas contract on the New York Mercantile Exchange fell 17.2 cents, or 6%, to $2.677 […]

A U.S. appeals court on Monday rejected Johnson & Johnson’s attempt to transfer tens of thousands of lawsuits against its talcum powder products to bankruptcy court, Reuters writes. J&J is among 4 large companies in the U.S. that have declared 2-stage bankruptcy to avoid potential massive lawsuits by creating subsidiaries to cover liabilities and immediately […]

In 2022, central banks will accumulate 1,136 tons of gold worth about $70 billion – a record amount since 1967, Reuters writes, citing data from the World Gold Council (WGC). There has been a noticeable change in attitudes toward gold since the 1990s and 2000s, when central banks, especially in Western European countries holding large […]

The ChatGPT chatbot from OpenAI, a company co-founded by Iron Man himself, promises to become almost the main discovery of the year. Already now the neural network can dialog, search for errors in the code, compose poems, write scripts and even articles. It is encouraging that the bot is not very good at investing. When […]