After a large and rapid rise in Chinese stocks, there was an equally rapid and catastrophic collapse. The reason was simple – company valuations were much more optimistic than their actual performance. China’s stock market was dominated by private investors, who often invested leveraged. Between November 2014 and June 2015, stock indices on China’s exchanges […]

The ruble exchange rate against the euro and the dollar continued to decline on Thursday evening amid sanctions risks and uncertain dynamics of oil prices. The dollar updated on Thursday the maximum of the year, rising to 69.44 rubles. The dollar rate by 18.44 Moscow time rose by 0.9 rubles to 68.97 rubles, the euro […]

The volume of the UK government debt at the end of 2014 reached 2.34 trillion pounds ($3.15 trillion) and amounted to about 96% of the country’s GDP, which is the highest value since 1963, official data show. The rise in government debt is due to a large injection of funds into the economy to deal […]

On Thursday, U.S. stock markets declined again. The broad market index S&P 500 at the end of the day fell by 1.1%, closing at 4,482 points. Among the largest U.S. companies, the growth leaders were Pfizer and Mastercard Incorporated, both up 0.9%. Shares of NVIDIA Corporation, down 3.6%, and Amazon, down 2.9%. Labor market data […]

The majority of stock markets in Western Europe are trading on a downward trend after a weak decline at the end of last week. Investors are cautious in anticipation of the publication of important macroeconomic indicators, including data on inflation in the U.S., which will be released on Wednesday, according to Trading Economics. On Friday, […]

Oil futures are trading mixed after two consecutive sessions of declines on Friday amid expectations that Washington may soon take action to lower prices, which have been holding above the $80 a barrel mark. Travel restrictions in China, pressuring fuel demand. Brent crude futures rose 0.04% to $84.5 a barrel, while WTI crude fell 0.21% […]

Leading European stock indices are rising in Friday’s trading on German GDP data, according to stock exchange data. As of 12.10 Moscow time Friday, the French CAC 40 was growing by 0.76% to 4762.39 points. Britain’s FTSE 100 was up 0.73% to 6877.75 points. German DAX 30 – by 0.58%, up to 10983.03 points; at […]

According to preliminary data from CME Group, on Wednesday the open interest indicator for gold futures continued the upward trend of the previous two days and increased by almost 4 thousand contracts. Meanwhile, trading volumes also increased for the 2nd day in a row – this time by about 11.8 thousand contracts. Meanwhile, gold prices […]

Cash-strapped Chinese developers are struggling to negotiate new terms with their bondholders to avoid defaults, with Shimao Group and Yuzhou Group the latest to seek an extension of their debt repayments. The market is also watching the outcome of China Evergrande Group’s onshore meeting with bondholders as the voting period to approve the extension expires […]

British lenders expect demand for mortgage lending to fall in the first three months of 2022 after declining at the end of 2021, the Bank of England said Thursday. But lenders expected demand for unsecured lending, led by credit cards, to continue to rise between January and March, according to the Bank of England’s quarterly […]

The head of Sberbank, Herman Gref, said that the group is ready for any sanctions. When you are threatened with something every day, eventually it stops scaring you, so we cannot be scared by it. What will be, will be, we are ready for all scenarios,” Gref said during the Gaidar Forum. Earlier, a group […]

Futures on the DJIA index rose by 0.01% to 17626 points, futures on the index of high-tech companies NASDAQ decreased by 0.07% to 4359.50 points, futures on the broad market index S&P 500 fell by 0.04% to 2066 points. Futures on U.S. stock indices on Thursday show predominantly weak-negative dynamics on the background of statistics […]

The dollar is in decline after the worst one-day sell-off in months. Nevertheless, the debate over inflation and interest rate hikes continues, with Philadelphia FRB head Patrick Harker saying he is ready for more than 3 rate hikes this year and Lael Brainard set to appear before the Senate for her confirmation hearing as vice […]

The head of the Investigative Committee of Russia called for the introduction of mandatory identification of cryptocurrency owners, and Coinbase announced the purchase of cryptocurrency derivatives platform FairX – these and other important news of the cryptocurrency market in our daily review. Cryptocurrency exchange Coinbase has agreed to purchase CFTC-regulated cryptocurrency platform FairX. Despite customer […]

Unemployment in the states of the Organization for Economic Cooperation and Development (OECD) in October decreased for the sixth consecutive month – to 5.7% compared to 5.8% in September. Meanwhile, the indicator remains 0.5 percentage points (p.p.) above the level of February 2020, that is, before the start of the COVID-19 pandemic, which negatively affected […]

Italy’s antitrust regulator (Autorita Garante della Concorrenza e del Mercato, AGCM) has fined U.S. online retailer Amazon.com Inc. €1.13 billion for abusing its dominant market position to the detriment of e-commerce logistics operators. “Amazon has a dominant position in the Italian market for intermediary services for online marketplaces, and abused it by promoting the use […]

The European Commission (EC) has approved the deal on the purchase of American Microsoft Corp. company Nuance Communications Inc. specializing in voice recognition for $16 billion. The European regulator approved the deal without any conditions. The EC said in a statement that the deal between Microsoft and Nuance will not reduce competition and does not […]