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The economic data today was all about global PMIs from S&P Global and there was a similar theme in all of them:Germany July flash manufacturing PMI 49.2 vs 50.6 expectedFrance July flash services PMI...

2 Minutes

Forex

FOREX TODAY: DOLLAR GAINS TRACTION AS MOOD SOURS AHEAD OF PMI DATA

Steve Walker 22 lipca, 2022 0 Comment

Here is what you need to know on Friday, July 22: Although the euro gathered strength following the European Central Bank’s (ECB) decision to hike its key rates by 50 basis points, it lost...

0 Minutes

Forex

ECB’s Villeroy: Frontloading rate hikes does not mean terminal rate will be higher

Steve Walker 22 lipca, 2022 0 Comment

This was also reiterated by Lagarde and is one of the key takeaways from the ECB yesterday. As much as the central bank is pushing for earlier rate increases, the lack of aggressiveness in...

2 Minutes

Economy

Producers of plant products are asked to include them in the strategy for the development of the agro-industrial complex

Steve Walker 21 lipca, 2022 0 Comment

The Union of Plant-Based Producers (SPPRO) asked the government to support the business initiative and include the industry in the „Strategy for the development of the agro-industrial and fishery complex of the Russian Federation...

1 Minute

Stock market

Commodity trader Gunvor quadruples half-year earnings

Steve Walker 21 lipca, 2022 0 Comment

Swiss commodity trader Gunvor, which is majority-owned by businessman Thorbjorn Tornqvist, made a net profit after tax of $841 million in the first half of 2022 against $231 million a year earlier. In general,...

1 Minute

Economy

Sberbank customers reported problems with access to services

Steve Walker 21 lipca, 2022 0 Comment

Some Sberbank customers may experience difficulties accessing the services of a credit institution, the bank’s press service warned on its official Telegram channel. Sberbank assured that it was working to resolve the situation and...

1 Minute

Economy

Nokia increased net profit in the II quarter by 31%

Steve Walker 21 lipca, 2022 0 Comment

The Finnish manufacturer of telecommunications equipment Nokia Corp increased its net profit in the second quarter of 2022 by 31%, revenue – by 11%, according to a press release from the company. Net profit...

2 Minutes

Business

Peskov said that proper technological maintenance of Nord Stream is impossible

Steve Walker 21 lipca, 2022 0 Comment

The Kremlin notes that the malfunctions that prevent the Nord Stream gas pipeline from operating at design capacity were recorded by Siemens, and emphasize that proper technological maintenance of the gas pipeline is now...

1 Minute

Forex

USD/JPY Forecast: USD Finds Buyers on Dips

Steve Walker 20 lipca, 2022 0 Comment

The USD/JPY currency pair initially fell Tuesday against the Japanese yen, but we have seen a turnaround as the Bank of Japan will continue to loosen monetary policy. With that in mind, it makes quite a...

1 Minute

Forex

Equities hope to carry good form to second half of the week

Steve Walker 20 lipca, 2022 0 Comment

A 3% rally in the Nasdaq and near 3% rally in the S&P 500 yesterday is certainly brightening up the mood in the equities space this week. Even Netflix’s earnings report, which could have...

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