The cost of contracts for delivery of Brent crude oil with execution in December rose by about 4.5% during trading, follows from the data of the Intercontinental Exchange. As of 11:30 MSC, the price peaked at $88.99 per barrel, while on Friday trading ended at $85.14 per barrel. U.S. WTI crude was up about 4.6% […]

The yen has fallen in price to a new, 32-year low. The dollar exchange rate against the Japanese yen on the international forex market rose by 0.07% to 150 yen per dollar, according to trading data as of 10:17 MSC. This became the highest value since July 1990. Since January 2022, Japan’s currency has depreciated by […]

Kraken cryptocurrency exchange has introduced restrictions for Russians. Users can no longer register on the platform with a location in Russia, RBC reported. Kraken is one of the very first crypto exchanges, created in 2011. The platform ranks 7th among centralized crypto exchanges in terms of daily trading volume, as of October 20, it is […]

Liz Truss has announced that she is resigning as leader of the Conservative Party and Prime Minister of Great Britain. She announced this on the air of Sky News. In the post of prime minister, Truss has been only six weeks. The official said she will stay until her successor is chosen.

Tesla shares will start trading down after the company admitted that it will probably not be able to meet its delivery targets this year. In the US, the FRB Philadelphia manufacturing survey will be released, along with data on jobless claims and existing home sales, and at least 3 Federal Reserve governors will speak in […]

Traders are expecting the US Federal Reserve (Fed) to raise the benchmark interest rate to 5% per annum next year. Last week, before the release of fresh data on the country’s inflation, they had anticipated a hike to 4.6%, rate futures indicated. The stronger-than-expected jump in consumer prices almost guaranteed that the Fed would again […]

The Washington Post revealed Musk’s plans to cut Twitter employees by 75%, and Boris Johnson plans to run for prime minister of Britain – these and other important news for Friday morning, October 21, in our daily roundup. Billionaire Elon Musk told potential investors in a deal to buy Twitter Inc (NYSE:TWTR) that he will […]

US bond yields hit their highest level since the Great Financial Crisis on fears of rising inflation and further interest rate hikes. UK bonds are under attack again as government borrowing rises due to interest rate rises and benefit costs. Snap shares fell a quarter in the premarket after posting a disappointing earnings forecast, and […]

Reporting season is heating up and the 4 largest US companies by cost are among those reporting their results this week. The U.S. will release third quarter GDP data, which is expected to show a return to growth after a technical downturn in the first half of the year. The European Central Bank is expected […]

The international rating agency Moody’s confirmed the rating of the UK at the level of “Aa3”, changing its outlook to “negative” from “stable”. Deterioration of the forecast is due to “the growing unpredictability of the country’s political course in the context of deteriorating growth prospects and high inflation,” according to the press release of Moody’s. […]

China’s GDP grew by 3.9% in the third quarter compared to the same period last year, Reuters writes with reference to the data published by Beijing. The Chinese economy is recovering faster than expected: economists surveyed by the agency forecasted GDP growth in July-September by 3.4%. In the second quarter of 2022, the Chinese economy […]