Oil is now down $9 from the highs
Oil is doing a nice job of encapsulating the reversal in sentiment today. Crude was up $3 at the highs but is now down nearly $6. It’s trading at $102.44…
US May factory orders +1.6% vs +0.5% expected
Prior was +0.3% Durable goods orders +0.8% vs +0.7% prelim Durable goods orders non-defense ex-air +0.6% vs +0.5% prelim Durables ex transport +0.7% vs +0.7% prelim Factory orders ex-transport +1.7%…
The Bank of England is waiting for the deterioration of the situation in the global economy due to higher prices for raw materials
Moscow. 5’th of July. INTERFAX.RU – The outlook for the global economy has „significantly deteriorated” after a jump in commodity prices led to accelerated inflation around the world, the Bank of England…
The Prime Minister of Ukraine expects a reduction in the country’s GDP by at least 35%
Moscow. 5’th of July. INTERFAX.RU – Ukraine’s GDP in 2022 will decline by at least 35%, Prime Minister Denys Shmyhal said at a conference in Lugano. „We managed to carry out a…
Bloomberg Economics: Russia’s GDP is gradually shrinking due to sanctions
Bloomberg experts acknowledge that Russia has so far endured sanctions better than expected. Russia’s economy is shrinking due to sanctions, but the data shows a gradual, uneven decline in GDP,…
The Ukrainian conflict slows down the global economy
All major international organizations, such as the IMF, World Bank, OECD and UN, have lowered their forecasts for global economic growth in 2022 by about one percentage point compared to…
Tanaev, who headed the Northern Railway, was appointed head of the Moscow Railway
Valery Tanaev, who headed the Northern Railway, was appointed head of the Moscow Railway. This was reported by the press service of Russian Railways. „Valery Tanaev, who headed the Northern Railway,…
RusHydro submitted an application for delisting from the LSE
Moscow. 4th of July. INTERFAX.RU – PJSC RusHydro received notices from its depositary BNY Mellon about the termination of the agreement and sent an application for delisting receipts from the LSE, the…
Annual inflation in Turkey jumped to 79%
Consumer price inflation in June was driven by higher transport prices, which rose by 123.37%, and food and non-alcoholic beverages, which jumped by 93.93%. The graph shows the dynamics…
European gas extends strong rally amid worsening supply woes
The planned strike in Norway threatens 13% of the country’s flows. This exacerbates the already limited supply against the backdrop of declining Russian exports. Price chart of the nearest futures for…