Currency analysts at ING do not expect this Thursday’s ECB statement to be strong enough to provide sustained support for the euro, especially given the underlying pressures. According to the bank, “we do not expect the ECB to deliver a sufficiently hawkish statement to offset the unfavorable external environment and euro valuation.” Looking at the […]

In today’s trading, the US dollar continues to appreciate due to rising geopolitical tensions, as well as on expectations of faster monetary policy tightening by the Federal Reserve (Fed) compared to other global central banks. The ICE-calculated index, which shows the dollar’s performance against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and […]

The World Bank has worsened its forecast for global economic growth in 2022 to 3.2%, the Singapore edition of The Business Times quoted WB President David Malpass as saying. In January, the WB expected global GDP growth of 4.1%. Meanwhile, the estimate for global GDP lift in 2021 has been raised to 5.7% from 5.6%. […]

U.S. stock indices declined weakly at the beginning of the week, filled with corporate reports of companies on the background of the continuing growth of yields on U.S. government bonds. The Dow Jones Industrial Average fell 0.11% to 34411.69 points. Standard & Poor’s 500 fell by 0.02% to 4391.69 points. The Nasdaq Composite Index decreased […]

Russian oil companies continue to reduce oil refining due to difficulties with product exports, and the Russian Finance Ministry issued state loans to foreign countries for Rb 81.6bn in March. – these and other important news for Tuesday morning, April 19, in our daily review. Russian oil companies continue to reduce oil refining due to […]

The U.S. dollar and euro are getting cheaper on the Moscow Exchange. The ruble is growing against the bi-currency basket against the background of preparation of exporting companies for the main tax payments in April. The first transactions on the US dollar were held in the range of 79.4-79.8 rubles. At the end of the […]

Valio, a well-known Finnish dairy producer that announced its withdrawal from Russia amid the military operation in Ukraine, is looking for buyers for its assets. According to Kommersant, one of the possible contenders is Rusagro Group (MCX:AGRODR) of ex-senator Vadim Moshkovich. In addition to the plant near Moscow with a capacity of 15,000 tons of […]

Shares of Aeroflot (MCX:AFLT) fell by 3.25% to 30.3 rubles per share at the opening of trading on April 19. This is evidenced by the trading data of the Moscow Exchange. By 10:14 MSC the decline had slowed to 0.89%, and quotations amounted to 31.04 rubles per share. As of 10:45 MSC shares are trading […]

SpaceX, Neuralink, Boring Company and Tesla (NASDAQ:TSLA) CEO Ilon Musk said that the companies founded or managed by him are charitable because they seek to improve the future of mankind, Business Insider writes. This statement by Musk was made in a video interview with Chris Anderson, the chief organizer of the TED conference, a private […]

Katie Wood’s Ark InvestArk fund predicts Tesla shares will more than quadruple to $4600 by 2026, Bloomberg writes. Ark said as recently as last year that the electric car maker’s shares would rise to $3,000 by 2025, then updated the estimate amid new expectations about the prospects for Tesla’s robotaxi fleet and capital efficiency. “Wood’s […]

More private equity firms are expressing interest in getting involved in a deal with Twitter (NYSE:TWTR) Inc, writes Reuters. This increased interest comes after Thoma Bravo, a private equity firm specializing in technology, contacted social media platform Twitter last week to explore its purchase, which challenges Ilon Musk’s $43 billion offer. Specifically, Apollo Global Management […]

Moscow Exchange reported that trading on the stock, money, derivatives, currency and precious metals markets will be held on April 29, May 4-6, as well as May 11-13 according to the current regulations. This is reported on the website of the trading floor. In the period of May 1-3 and May 7-10, 2022 trading will […]

Car sales in the European Union in March fell by 20.5% relative to the same period in 2021, according to the European Automobile Manufacturers Association (ACEA). The drop continued for the sixth month in a row amid a persistent global shortage of semiconductor components, which negatively affects the automotive industry. In addition, the drop in […]

For the first quarter of 2022, net income at U.S. International Business Machines Corp. IBM declined 23% to $733 million, or $0.81 per share, compared to $955 million, or $1.06 per share, for the same period a year earlier. The company said it reported nonrecurring earnings of $1.4 per share in the January-March period. IBM’s […]

The Russian stock market started today’s trading in the major, despite the Western sanctions pressure on Russia due to its military operation in Ukraine, which does not contribute to the activation of buyers of cheaper assets. The MosBirch index rose 0.58% to 2,331.01 points in a minute of trading. The RTS index by 10:01 Moscow […]

The United States continues to consider options for new sanctions against Russian Federation, it is possible that such measures could be adopted as early as this week, White House spokeswoman Jen Psaki said Tuesday. “Yes, it’s a possibility. For now, we continue to consider options, the process is underway,” she said, responding to a reporter’s […]

The U.S. market rose Tuesday despite a steady rise in 10-year Treasury yields as corporate earnings continue to rise. Investors were awaiting the release of Netflix’s latest data, which was due Tuesday evening after the close of trading. The price of oil fell 5% for the day. World financial leaders will meet this week in […]

“Moscow Exchange” from April 21 changed the parameters of the futures contract for the currency pair “Chinese yuan – Russian ruble”, the exchange said in a statement. In particular, the nominal value of the contract has been reduced by 10 times – to 1000 yuan, as well as the price step and its value have […]