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ECB keeps policy unchanged

On Thursday, the European Central Bank (ECB) decided to keep its interest rates unchanged. It will not introduce any new measures on its policy either. Market players expected the central bank to keep its rates at the record low level, but extension of assets purchasing is also highly possible. (more…)

20 July 2017
Oil falls from 6-week highs touched earlier

Oil prices were decreased during the European trading session on Thursday after they reached the highest level in six weeks a day before. (more…)

20 July 2017
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Qualcomm is accused of possible antitrust violations

Qualcomm Inc that provides Apple Inc with own chips for famous iPhone was accused of antitrust rules violation by four companies, which work with Apple products. Hon Hai Precision Industry Co (owns Foxconn), Wistron Corp, Compal Electronics Inc, and Pegatron Corp alleged that the chip supplier violated regulations of two sections of Sherman Act (the U.S. antitrust law). (more…)

19 July 2017
Gold moves down after 3-week highs

During the European trading session on Wednesday, gold prices went down after three-week-highs they reached earlier. On Comex, gold futures fell by $2.50 (0.2%) and were traded at the level of $1,239.46 a troy ounce by 07:00 GMT. (more…)

19 July 2017
Johnson & Johnson raises profit forecast after Q2 good performance

Johnson & Johnson informed on Tuesday that it was going to rise its full-year profit forecast. The company also reported about second quarter earnings that were better than expected due to the high demand for new products (such as cancer drug Darzalex). (more…)

18 July 2017
Oil position tends to become stable

The oil market stabilized on Tuesday, as demand level became firm. However, the United States producers and high supply levels of the OPEC still affect oil prices. (more…)

18 July 2017
Bitcoin and Ethereum up after weekend fall

On Monday, prices of Ethereum and Bitcoin started recovering from their recent decline. During weekend they faced a sharp downside movement as traders were worried about a possible cryptocurrency bubble. (more…)

17 July 2017
Dollar moves away from 10-month lows

The U.S. dollar index moved up and left previously touched 10-month lows on Monday reacting to the recent report about the Chinese economy. China’s economy has started growing more effectively during the second quarter of 2017. Still, investors doubt about an actual ability of the Federal Reserve to raise interest rates one more time this year, and this fact has an influence on the DXY movement. (more…)

17 July 2017
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Eurozone trade rates grows in May

The Eurozone seems to have trade boom in May, as both its imports and exports rates with other countries rose and made investors confident in global commerce situation. The European Union, which is treated as the main global trader, demonstrated the trade growth with all of its major partners, including sanctioned Russia. (more…)

14 July 2017
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Oil falls in Asia after the strongest week

Oil prices went down during the Asian morning trade session on Friday, reacting to positive forecasts on the growth of inventories and production rates. (more…)

14 July 2017
Uber and Yandex to unite for Russian and other markets

Uber and Yandex signed an agreement to combine their businesses in Russia. Yandex has become a leading partner of the mentioned deal. It provides its participants with the extension to five correspondent markets. (more…)

13 July 2017
China-North Korea trade rose in 2017

According to the Thursday’s information from Chinese officials, China’s trade volume with sanctioned North Korea was increased by 10% from January to June (compared to the previous year). This information indicated that Beijing was not effectively influenced by the United Nations’ pressure. (more…)

13 July 2017
Spotify to sign royalty agreement with Sony

Spotify company agreed to sign a licensing deal with Sony Music Entertainment, preparing the basis for inclusion of the company in the U.S. stock market listing. (more…)

12 July 2017
Saudi Arabia to cut oil supply for August

Saudi Arabia is going to decrease oil shipments in August to increase its summer domestic consumption, provide balance, and remain within OPEC cut deal terms. Saudi industry source also informed that the mentioned decrease could reach over 600,000 barrels per day. (more…)

12 July 2017
Amount of eBay “millionaires” in Europe rose by 50%

The amount of “millionaire” online businesses on eBay rose by 50% in the last four year in key international markets of Germany and Britain, despite the slowdown effect on their growth due to currency swings outside the U.S. (more…)

11 July 2017
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Dollar at 2-month highs against yen before Yellen testimony

The U.S. dollar was traded at two-month highs against the Japanese currency on Tuesday, while investors were waiting for the Federal Reserve Chair Janet Yellen comments to find any clues on further possible interest rates increase. (more…)

11 July 2017
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Oculus cuts price of VR-set to effectively compete with rivals

Oculus, which is currently owned by Facebook Inc, is going to cut its prices for the hardware. The virtual reality company reacts to industry trends and tries to answer the question: why such a prominent technology for gaming could not become popular among costumers. (more…)

10 July 2017
Gold moves to 4-month low ahead of Yellen testimony

Gold prices reached a new four-month low during European trading session on Monday, while market players were monitoring upcoming comments from Fed policymakers or information on U.S. economic situation. They try to find clues on interest rate changes for the rest of the year. (more…)

10 July 2017
USD/CAD around 10-month lows after U.S. and Canadian job data

The U.S. dollar fell to the new 10-month lows against the Canadian currency on Friday, after the U.S. employment data demonstrated mixed performance and the same topic report from Canada was positive. (more…)

7 July 2017
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European stocks down after ECB minutes

Stocks of European companies lowered on Friday, evidently weighted by geopolitical tension on the Korean peninsula and monetary policy tightening in Europe. (more…)

7 July 2017
Deutsche Bank may open new office in Frankfurt after Brexit

Deutsche Bank may move a big part of its securities trading assets from London to Frankfurt (or any other suitable location in Europe) as a part of preparations for the Brexit process. (more…)

6 July 2017
Oil goes up on U.S. inventory fall, forecasts remain dull

Oil prices rose on Thursday, demonstrating moderate recovery, as the better-than-expected U.S. demand report yesterday stopped the downside movement of prices. Still, analysts have less optimistic view on oil prices in 2018. (more…)

6 July 2017
Volvo to start electrification of ICE vehicles in 2019

Volvo informed on Wednesday that it is going to produce cars with electric or hybrid engines, starting from 2019. The company, which is based in Sweden and Chinese-owned, became the first major automaker that decided to stop producing internal combustion engine vehicles after the defined date. However, models launched before still will be produced with pure combustion-engines. (more…)

5 July 2017
Gold away from 8-week lows on Korean tensions

Gold went higher during the European trading session on Wednesday, after they marked the lowest level for almost 2 months. Geopolitical tension on the Korean peninsula pushed safe haven demand higher. (more…)

5 July 2017
Samsung going to invest $18.6 billion in South Korea business

Samsung Electronics Co Ltd informed on Tuesday that the company is planning to invest approximately $18.6 billion in South Korea to assure its leading position in production of memory chips and next-gen smartphone displays. With the help of this plan, around half a million of jobs can be created. (more…)

4 July 2017
Yen rises after North Korea missile launch

The Japanese currency demonstrated its broad increase on Tuesday after North Korea conducted another missile launch and provided a basis for additional geopolitical concerns. The Australian dollar was down due to speculations on possible Reserve Bank of Australia policy changes. (more…)

4 July 2017
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Tesla shares up as Model 3 release date clear

Shares of Tesla Inc moved up by 3% on Monday, after the company announced that Model 3 sedan of the luxury electric-car maker would be delivered for the first 30 customers on July 28. The car has already passed all regulatory requirements two weeks earlier than it was planned. (more…)

3 July 2017
Oil prices up on U.S. drilling decrease

Oil went up on Monday, as U.S. drilling activity was decreased for the first time in several months. However, prices were under pressure after OPEC’s report indicating that the output rose last month despite the cartel’s efforts to cut production rates. (more…)

3 July 2017
Nike to launch pilot cooperation program with Amazon

Nike Inc informed on Thursday that it is going to start a pilot program in cooperation with Amazon.com and use its website to sell a limited assortment of products. The world’s largest footwear maker and Dow participant recently reported its sales and quarterly profit higher than expected. Its position went up by 8.2% to $57.54 by trade close. (more…)

30 June 2017
Euro heads to the best quarter in 7 years

On Friday, the European currency was not far from 14-month highs and had all chances to demonstrate the best quarterly performance in approximately 7 years. The euro growth was mainly caused by growing expectations on the European Central Bank to narrow its monetary stimulus. Tuesday’s speech of by ECB President Mario Draghi increased the possibility the stimulus reduction, and it may be announces in September. (more…)

30 June 2017
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Senators want to ban Kaspersky Lab from use by military

U.S. senators currently seek ways to ban products of Kaspersky Lab from use by military structures. They think the Moscow-based cyber security firm is under influence of the Russian government. A day earlier, FBI interviewed several employees of U.S. branch of the company about its activity. (more…)

29 June 2017
Oil prices reach 2-week highs as U.S. oil production slows down

Oil prices rose to two-week highs during the European trade session on Thursday, continuing a notable growth for the sixth session in a row. U.S. governmental information demonstrated the biggest crude production decline in a year. (more…)

29 June 2017
Cyber-attack hit the world, WannaCry possibly involved

The global cyber-attack disrupted Ukrainian banks, a Russian huge oil company and some other multinational companies. The virus was similar to the ransomware that attacked millions of computers last month. (more…)

28 June 2017
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Euro and bond yields higher on ECB stimulus narrowing

The European currency reached a 1-year high on Wednesday, while 10-year Bund yields continued to rise after they doubled their position yesterday. Market players expect the European Central Bank to narrow its 2-trillion-euro stimulus program. (more…)

28 June 2017
Europe charged Google with a record $2.7 billion fine for abusing market dominance

On Tuesday, the European Commission (EC) fined Google with a record sum of €2.42 billion ($2.7 billion), equal up to 5% of the Alphabet average daily worldwide turnover, for abusing its leadership in the search engine market. The EC stated that Google search engine served as a source of illegal advantage for other Google products (shopping service), and it is a direct abuse of European Union (EU) antitrust rules. The company was required to stop its illegal activity within 90 days. (more…)

27 June 2017
USD lower as investors await Fed comments

The U.S. dollar moves down against six major currencies on Tuesday, while market players are waiting for speeches of the Federal Reserve officials to find any clues on Central bank’s plans to increase interest rates one more time this year. (more…)

27 June 2017
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Time Inc and Barclays to start Fortune 500

Time Inc informed on Monday that it is going to license its Fortune brand for Fortune 500 stock indexes as a part of its new partnership agreement with Barclays PLC. The company is trying to diversify revenue directing it for index-investing business which currently grows. (more…)

26 June 2017
Gold stable ahead of Fed speeches and U.S. economic data

Gold prices did not have notable changes during the European early trade on Monday. Market players wait for comments by Fed officials and U.S. economic reports this week to evaluate chances of the next interest rates hike this year. (more…)

26 June 2017
Tesla to open electric car factory in China

Tesla Inc is planning to establish its electric vehicles manufacturing complex in China. Revealing the pace of its progress, the company announced that it is currently in exploratory talks with the municipal government in Shanghai. (more…)

23 June 2017
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Gold moves up on Friday as U.S. dollar weakens

Gold prices rose up on Friday reacting to the U.S. dollar weakening and market players’ uncertainty about the ability of Federal Reserve to increase interest rates this year. (more…)

23 June 2017
Reserves of RBNZ pushed NZD up

The New Zealand dollar demonstrated the most active movement compared to other global currencies on Thursday. During the recent policy meeting, the central bank of the country did not show any clear efforts to control the currency. (more…)

22 June 2017
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European stocks open lower as oil prices weight

Shares of European companies traded lower on Thursday, as oil prices continued to decrease and affect the market sentiment. (more…)

22 June 2017
Asian companies demonstrate business confidence

According to surveys, business confidence in Asia reached three-year highs in the second quarter of 2017 due to the positive economic data. The Asian Business Sentiment Index, which presents a half-a-year outlook of 101 companies, was increased to 74 during the April-June period, while in the first quarter of the year it was at 70. If the rating is higher than 50, the overview will be treated as positive. Analysts concluded that the global economy became more solid and stable. (more…)

21 June 2017
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Oil near several-month lows ahead of US inventories data

Oil prices remained not far from their multi-month lows in Europe on Wednesday. Market players are waiting for a weekly report on U.S. crude inventories today. (more…)

21 June 2017
Gold close to 5-week low after hawkish Fed comments

Gold prices remained near their five-week lows during the European trading session on Tuesday, as market players reacted to hawkish comments of the Federal Reserve and presumed that another interest rates hike is possible. (more…)

20 June 2017
Pork demand in China reached the lowest level

Frozen dumpling makers from China can develop their business and raise a sales rate by using more vegetables and less meat in their products, since new urban population needs to move away from fast food to the fat reduced diet. Analysts pointed a new trend in mainland China food sales, while consumers of the age from 20 to 35 are trying to eat healthier food at least once a week or so. (more…)

20 June 2017
IMF wants Japan to keep current fiscal policy and monetary stimulus

The International Monetary Fund is trying to convince the Bank of Japan to avoid its fiscal policy narrowing, while monetary policy is to be made even wider if any risks to the country’s economy become real. IMF also pointed weak consumption level as the main vulnerable spot of the Japanese economy that could be easily influenced in case of any external shocks. BOJ is expected to restrict long-term interest rates according to the yield curve control policy. (more…)

19 June 2017
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Sterling is flat ahead of Brexit negotiations

On Monday, several major central banks released their reports on monetary policy and inflation, pushing the U.S. dollar and the euro higher against the yen. Market players are waiting for speeches of the Federal Reserve’s officials and any suitable information about Brexit negotiation. (more…)

19 June 2017
BOJ policy unchanged, consumption and global growth outlook upgraded

On Friday, the Bank of Japan decided to keep its monetary policy at the current level. The central bank also adjusted its outlook for the private consumption rate in the country and for the foreign economies’ growth. The results of the meeting could be treated as a clear signal of increased confidence and a recovery impulse for export-driven economy such as Japan. (more…)

16 June 2017
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Gold rise in Asia after sharp fall yesterday

Gold prices went up during the Asian trading session on Friday. The market sentiment was affected by interest rates hike by Fed and investors doubts over Donald Trump’s ability to conduct tax cuts and stimulus programs amid recent political tensions in Washington. (more…)

16 June 2017
Google to invest in biotech from Europe

Google is going to invest in a new $300 million fund owned by Medicxi firm, which specializes in leading life sciences investments. European biotech companies can also be supported by a Swiss company Novartis. (more…)

15 June 2017
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USD moves down because of Trump investigation and weak economic data

The U.S. dollar lowered on Thursday as weak inflation data made investors worried about the ability of Federal Reserve to conduct one more interest rate rise this year. (more…)

15 June 2017
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Oil prices go down as U.S. crude stocks and OPEC output increase

Oil prices fell on Wednesday after the industry information showed that U.S. crude inventories rose. OPEC’s data published on Tuesday demonstrated that its production output also grew up, despite the oil cut agreement. (more…)

14 June 2017
Asia mixed and Wall Street high ahead of Fed meeting

Shares of Asian companies were mixed on Wednesday as investors were waiting for any clear information about Federal Reserve’s meeting and interest rates changes. Fed Chair Janet Yellen is going to publish results of the meeting during the news conference at 18:00 GMT. (more…)

14 June 2017
Hyundai Motor starts new SUV sales

An auto making company, Hyundai Motor, presented its first subcompact sport utility vehicle named Kona. The SUV was created for sales in advanced markets of Europe, the United States, and South Korea to overcome decreasing sales in China and compete with its rivals. The company also informed about its plans to start production of an electric version of Kona next year and to extend the model row with small and large SUVs by 2020. (more…)

13 June 2017
Canadian dollar rise on hawkish comments from BoC

The Canadian dollar reached the highest position for two months on Tuesday, after the Central bank of Canada’s hawkish comments. Meanwhile, political uncertainty in Britain undermined the position of sterling. (more…)

13 June 2017
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Aldi plans to invest in U.S. to expand the chain

On Sunday, a grocery chain from Germany, Aldi Inc, informed about its plans to invest $3.4 billion in the U.S. and increase the number of its stores to 2,500 till 2020. Its intention can surely be treated as stakes rising in a price war against rivals. (more…)

12 June 2017
Gold goes down; Fed meeting and UK politics stay in focus

Gold prices moved down during the European trading session on Monday. Market players are focused on the upcoming policy meeting of the Federal Reserve and political situation in Britain. (more…)

12 June 2017
Draghi upgrades growth outlook for the Eurozone

The European Central Bank (ECB) adjusted its outlook on the Eurozone on Thursday and demonstrated less dovish approach about interest rates, taking first definitely effective step to the ECB policy tightening since 2011. (more…)

9 June 2017
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GBP falls after results of UK elections

The British pound demonstrated a downside movement on Friday reacting to results of the British elections and possible consequences. None of parties managed to win a majority of seats in the Parliament, and this situation can lead to political instability in the country or even stop the Brexit process. The pound lost almost 2% right after the results were published. (more…)

9 June 2017
Honda to launch self-driving cars by 2030

A car-making company from Japan, Honda Motor Co, announced its plans to overcome auto market rivals. It also mentioned about its own autonomous car project that has to be introduced by 2025. The plan is called “Vision 2030”, and it provides the company with the effective mid-term strategy. (more…)

8 June 2017
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Oil prices start rebounding from two-week lows

Oil prices rose during the European trading session on Thursday after the biggest fall they had after the unexpected data on U.S. crude inventories growth. (more…)

8 June 2017
European banks move up after Banco Popular bail out

European financial markets rose on Wednesday after the rescue of the Spanish Banco Popular. Market players are focused on three major events on Thursday. (more…)

7 June 2017
Oil falls but remains supported by Mideast tension and U.S. stocks draw

Oil prices went down on Wednesday. As a result, Brent oil futures were traded almost at $50 per barrel. However, oversupplied oil market was influenced by increasing tension in the Middle East and dipping U.S. inventories. (more…)

7 June 2017
Central Bank of Australia leaves interest rates unchanged

The Central Bank of Australia decided to keep interest rates at the current level on Tuesday supporting its policy unchanged for the tenth month in a row. The data created optimistic sentiment about the Australian economy and its growth, despite the slowdown demonstrated during previous quarter. (more…)

6 June 2017
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Gold goes up to 6-week highs on investors’ worries

Gold prices rose to the highest position in more than six weeks during the European trading session on Tuesday as market players remained cautious ahead of the upcoming British elections. Investors’ sentiment was also influenced by the former FBI director’s testimony later this week. (more…)

6 June 2017
Pound tends to go down after attack in London

The British currency was weak on Monday as markets reacted to an attack in London where seven people were killed. As a result, the GBP/USD pair went down by 0.14% to the level of 1.2869. The USD/JPY pair gained 0.27% and was traded at 110.69; AUD/USD rose by 0.16% to the level of 0.7454. The U.S. dollar index also grew up by 0.17% to the mark of 96.77. (more…)

5 June 2017
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Canada supplies China with more pork than US in Q1 2017

Canada became the biggest North American pork supplier for China leaving the United States behind. Both of the suppliers are constantly competing for the biggest world market for their products. (more…)

5 June 2017
Japan GPIF did a lawsuit on Toshiba auditor because of investment losses

Government Investment Pension Fund (GPIF) of Japan filled a case on the local affiliate of Ernst & Young (global accounting firm) and claimed $31 million as investment losses, while the funds were invested in Toshiba Corp, which has just started recovering from 2015 accounting scandal. (more…)

2 June 2017
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World stocks reach record highs on positive economic data

Global stocks reached a record level on Friday, and Asian markets rose to two-year highs. Investors have optimistic sentiment on the movement of the market because of positive manufacturing data from the U.S. and the growth of the European factory sector. (more…)

2 June 2017
Bitcoin exchanges in China resume withdrawal of cryptocurrency

Main Chinese Bitcoin exchanges allowed their traders to withdraw the cryptocurrency after four-month restriction made by the Central banking institution. (more…)

1 June 2017
Crude goes up as China PMI lower

Oil prices demonstrated recovery by almost 1% during Asia trading session on Thursday, as China’s Caixin PMI in the private manufacturing sector was weaker than expected in May. (more…)

1 June 2017
Eurozone inflation slows down in May

According to the recent report, inflation rate of the Eurozone in May went down faster than expected, reacting to Germany and Spain’s economic situations and providing support to the European Central Bank’s decision to make minor adjustments to its rates and monetary stimulus program.

Statistics agency Eurostat reported that general inflation of 19 Eurozone countries fell down to 1.4% and reached the lowest level since December compared with the same period of the previous year. In April this number was 1.9%. Although, analysts expected the rating would fall to 1.5%. Excluding volatile prices of energy and unprocessed food, inflation rating also fell to 1.0% from its 1.2% rate of the previous period, matching expectations.

ECB meeting will take place next week. The Central Bank planned to restrict inflation rating below 2%, but keep close to this level. ECB is also going to conduct stimulus measures and buy 60 billion euros bonds ($67.1 billion) to provide the Eurozone economy with additional cash. It may result in growth of prices in accordance with ECB’s intentions to reach the target number it set earlier.

According to media reports on Tuesday, ECB policymakers may provide the EZ economy with more optimistic overview and discuss possible stimulus narrowing during its meeting in June 8. However, there will be no significant changes, since ECB still has to deal with weak price pressure and robust growth.

Eurostat said on Wednesday, other economic indicators had followed this trend. The Eurozone unemployment indicator slipped to eight-year lows in April and reached the level of 9.3%. Annual economic growth indicators were reported at 1.7%. They demonstrated acceleration, yet not particularly strong. Energy prices rose in May by 4.6% compared with the previous year, while in April they grew up by 7.6%. The cost of unprocessed food went up by 1.6% against 2.2% growth in April. Inflation of services prices was reported at 1.3% in May. In April they marked a 1.8% growth.

 

31 May 2017
Sterling falls on risks of upcoming UK parliament election

The British pound went down on Wednesday after the recent poll demonstrated risks that the British Prime Minister Theresa May’s Conservative Party will not receive the needed part of an overall majority in the national election in June 8. (more…)

31 May 2017
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Companies from Russia tend to be enlisted in the Moscow Exchange

Seven big companies from Russia are in advanced talks with the Moscow Exchange to include their shares in listing. Many Russian companies now prefer to be included in a listing of bourse at home amid economic pressure and sections from the West. (more…)

Gold goes up in Asia as markets cautious about Chinese PMI

Gold prices moved up during Asian trading session on Tuesday, while market players were waiting for the upcoming China’s report on its PMI. (more…)

30 May 2017
Samsung to invest in China’s chip plant

Samsung Electronics Co Ltd informed on Monday about its plans to increase memory chip production capacity at Chinese manufacturing base. An industrial boom will possibly result in record sales for memory supplying companies. Samsung has already invested in the Xi’an facility, but the actual amount of investment and additional resources was not revealed. (more…)

29 May 2017
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Dollar goes up as markets react to North Korea missile test

The U.S. dollar rating moved up on Monday leaving behind the 6-1/2-month lows it reached last week. Market players switched their attention from recent news about missile test in North Korea to possible Federal Reserve interest rates hike in June. (more…)

29 May 2017
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European shares low on Friday as oil prices down

European stocks moved down amid decreasing oil prices. Investors are monitoring G7 summit scheduled for May 26-27. During the European morning session, the EURO STOXX 50 went down by 0.19%, while France’s CAC 40 lowered by 0.32% and Germany’s DAX 30 – by 0,24%. (more…)

26 May 2017
Oil goes up slightly after OPEC meeting

Oil prices moved up on Friday, but market sentiment did not change after Thursday’s OPEC meeting decision to prolong production cut agreement by nine months. Investors expressed disappointment about results of the meeting since they expected more severe cut and longer extension. (more…)

26 May 2017
UK economy growth slows in Q1 because of inflation

According to the official information released on Thursday, the U.K. economy decreased faster than it was expected in the wake of inflation rise and weak pound after Brexit. The weak pound could not provide exports boost in the country. (more…)

25 May 2017
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Possible OPEC deal extension makes oil prices high

Oil prices went up on Thursday, while market prayers were waiting for the upcoming OPEC meeting today. Investors are interested in highly possible extension of the oil production cut agreement till 2018. Oil producers are trying to decrease glut in the global market and raise prices. (more…)

25 May 2017
Housing sector recovers despite home sales drop

April’s rate of new single-family home sales in the U.S. went away from 9-1/2-year highs reached previously. However, the housing sector still demonstrates recovery amid labor market tightening. (more…)

24 May 2017
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Gold falls in Asia as Moody’s downgrades China

Gold prices fell during Asian trading session on Wednesday after China’s credit rating was downgraded by Moody’s Investors Service. The rating of the country went down from Aa3 to A1. Moody’s outlook incorporated presumption that China’s economic strength could erode in long-time perspective. However, the country is still treated as a subject to low credit risks. (more…)

24 May 2017
The World Bank expects Russian economy to grow during 2017-2019

The economy of Russia is expected to demonstrate its growth during the upcoming years. An oil-dependent economy of the country can receive support from rising global crude prices, while its production rates will likely reach new highs. (more…)

23 May 2017
GBP goes down against JPY after Manchester blast, euro close to six-months high

After a terrorist attack in Manchester, the pound lowered its position against the yen on Tuesday. The European currency was not far from six-month highs against the dollar after Chancellor of Germany Angela Merkel pointed on the currency weakening. (more…)

23 May 2017
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Bitcoin reaches record level breaching $2,100 barrier

Bitcoin electronic currency exceeded $2,100 on Monday for the first time. However, future of the crypto-currency is still disputed. (more…)

22 May 2017
Oil prices rise as OPEC can extend deal and increase cuts

Oil prices rose on Monday after reports on OPEC production cut deal extension. The deal is expected to be extended till 2018, and oil producers may decrease their production rates to tighten the oil market and push oil prices up. (more…)

22 May 2017
Exports in Japan may rise in April

Analysts forecast exports rates in Japan will likely rise for the fifth straight month. According to the polls, the main source of support can be found in global demand increase led by Asia. (more…)

19 May 2017
European stocks recover from losses

Shares of European companies opened higher on Friday, while global equities markets continued rebounding after the recent political events in the U.S. However, market players remain cautious about the upcoming weekend. (more…)

19 May 2017
Wal-Mart reported sales and revenue increase

Wal-Mart Stores Inc reported higher-than-expected quarterly sales on Thursday. According to the company’s information, U.S. stores attracted more customers by discount retail, while e-commerce activity increased online purchases rates. As a result, Wal-Mart shares rose by 1.3% during Thursday’s early trade. (more…)

Oil moves down as supply volume rises despite OPEC’s deal

Oil prices fell of Thursday reacting to the increased supply despite recent OPEC’s efforts to cut production rates and tighten the global market. (more…)

18 May 2017
Target Corp reports high profit, its shares go up

Target Corp reported its last quarter profits and sales with higher-than-expected rate defining its new initiatives to revoke shops and promotional activity as paid off. On Wednesday, shares of the company rose by 8.4% during pre-market period. As a result, the retail sector rebounded after the weak reports department store chains released last week. (more…)

Gold reaches 2-week highs amid investors worries over Trump

Gold prices went up to two-week highs during the European trading session on Wednesday, while market players were waiting for political consequences of President Donald Trump proposal to Federal Bureau of Investigation to stop a probe on his former security adviser. (more…)

17 May 2017
Ford cuts jobs in Asia and North America

According to the information some media sources revealed on Monday, Ford Motor Co is going to cut its regular paid workforce in Asia and North America by more than 10% to increase profits and dipping stock prices. (more…)

16 May 2017
Euro goes up and DXY falls after CPI report in UK

The European currency reached 6-month highs on Tuesday before the report about first quarter growth in the Eurozone and continued its movement after U.K. CPI report was released. The U.S. dollar lowered as U.S. manufacturing data showed weak results. (more…)

16 May 2017
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Oil goes up as Russia and Saudi Arabia tend to extend the output cut deal

Oil prices moved up during the European trading session on Monday. Oil reached the highest level for two weeks, while Saudi Arabia and Russia decided to extend oil output restrictions till March 2018. (more…)

15 May 2017
Asian companies suffer from cyber-attack, experts warn about additional risks

On Monday, governments and companies from Asia reported about disruptions caused by WannaCry ransomware worm. Experts of cyber security warned about further widening of the effect after more employees started their working day with e-mail check. Starting from Friday, WannaCry worm attack has already hit hundreds of computers in more than 150 countries around the world, causing disruptions to shops, hospitals, and factories. (more…)

15 May 2017
Japanese government published list of labor laws violating ‘black’ companies

The government of Japan released a nationwide list of companies which committed labor laws violation as an effort to restrict overwork practices and prevent “karoshi” (“overwork death”). The list includes more than 300 companies. (more…)

12 May 2017
Gold moves higher on U.S. political uncertainty

Gold prices moved higher on Friday as safe-haven demand increased due to recent political events in the U.S. This situation also has an influence on the position of the U.S. dollar. Meanwhile, market players are monitoring the information about country economy that will be released later in the day. (more…)

12 May 2017