This Week News
OPEC+ meeting scheduled for June 6
June 05, 2020Today it became known that the ministerial meetings of OPEC and OPEC + will be held on the same day, June 6. The decision to hold these events suggest...
The ECB has added another 600 billion euros to combat the crisis
June 04, 2020Today, a meeting of the European Central Bank (ECB) and a speech by regulator Christine Lagarde took place. The Central Bank kept the base rate at the...
Egypt launched an oil well at 123 thousand barrels per month
June 03, 2020Egypt has commissioned a new well in the Western Desert, capable of producing more than 0.5 million cubic meters of natural gas and more than 4 thousa...
NBK requires additional monetary policy measures
June 02, 2020The Central Bank of China said that the economic damage from the coronavirus pandemic was stronger than expected, and that additional monetary policy ...
Eurozone PMI index in May turned out to be worse than forecast
June 01, 2020According to the final assessment of the research organization Markit Economics, the index of business activity (PMI) in industrial production of 19 c...
Italian economy experienced the strongest GDP decline in history in Q1
May 29, 2020According to the final data of the statistical agency Istat, the Italian economy in the first quarter of 2020 decreased by 5.3% in quarterly terms and...
US oil inventories unexpectedly rose 1.5% over the week
May 28, 2020According to the US Energy Information Administration (IEA), commercial oil reserves in the country for the week ending May 22 grew by 7.9 million bar...
EC wants to give an additional 11 billion euros to EU countries
May 27, 2020The European Commission proposes to adjust the multi-year financial plan of the European Union 2014-2020 to be able to allocate an additional 11.5 bil...
Fed ready for policy change
May 26, 2020The Federal Reserve is ready to move on targeting the yield of treasury bonds – this was the conclusion made by market participants by analyzing the...
US unemployment may exceed 20% in May
May 25, 2020White House economic adviser Kevin Hassett said the US unemployment rate could be over 20% in May amid a coronavirus pandemic. The politician also sug...
China abandons GDP target in 2020
May 22, 2020China stated that it does not intend to set an annual target indicator of economic growth this year, since it is much more important to focus on stabi...
Fed noted extreme uncertainty and significant economic risks due to pandemic
May 21, 2020The publication of the minutes of the April FOMC meeting reflected the call of Fed leaders to action to save the economy from the consequences of the ...
Eurozone inflation slows to a minimum in April from 2016
May 20, 2020According to the final data of the Statistical Office of the European Union (Eurostat), consumer prices in the eurozone in April rose by 0.3% in annua...
UK announces new tariff regime after Brexit
May 19, 2020The UK has announced a new tariff regime after Brexit, which will replace the external tariff of the European Union. This was stated by British Foreig...
Japan slides into worst recession in post-war history
May 18, 2020The Japanese economy has slipped into recession for the first time in four and a half years in the first quarter of 2020 and could survive the worst r...
Eurozone economy contracted at record pace in Q1
May 15, 2020According to the Statistical Office of the European Union (Eurostat), the eurozone economy in the first quarter fell at a record pace, as measures to ...
UN: pandemic will reduce world production by $ 8.5 trillion
May 14, 2020According to the forecast of the UN Department of Economic and Social Affairs, the global economy will fall due to a coronavirus pandemic of approxima...
UK retail sales slow at record pace in April
May 13, 2020UK retail sales plummeted last month as coronavirus control measures limited consumer activity.According to the British Retail Consortium (BRC), retai...
China will abolish increased import duties for a new group of American goods
May 12, 2020China freed another group of American goods from higher import duties, which were introduced at the height of the trade war with the United States. Wi...
The European Commission expects the second wave of coronavirus
May 11, 2020The President of the European Commission said that EU countries could face the second wave of the spread of coronavirus, and all measures should be ta...
Unemployment in the US in April jumped to 14.7% and renewed a maximum since 1940
May 08, 2020According to the US Department of Labor, unemployment in April updated the record since 1940 and jumped to 14.7% from March 4.4%, while the number of ...
Industrial production in Germany in March fell at a record pace
May 07, 2020According to the German Ministry of Economics and Labor, industrial production in the country fell by 9.2% in March compared with the previous month, ...
US private sector reduces by 20.236 million
May 06, 2020According to a US employment report from ADP, a record 20.236 million Americans lost their jobs in April. Analysts had forecast a decline of 20.050 mi...
US stocks rise in hope of global economic recovery
May 05, 2020According to trading data, the main US indices are growing amid the emergence of prospects for the recovery of the global economy after the crisis cau...
Pandemic and crisis could set Italy's technological development back for 20 years ago
May 04, 2020Ernesto Ferlenghi, president of Confindustria Russia (Association of Italian Industrialists in Russia), said that the crisis caused by the Covid-19 pa...
Baker Hughes announces April 2020 rig counts
May 01, 2020According to Baker Hughes, an American oil and gas service company, the number of oil and gas drilling rigs around the world fell in April in monthly ...
ECB leaves interest rates unchanged
April 30, 2020According to the results of the meeting on Thursday, the European Central Bank (ECB) kept the base interest rate on loans at zero and the deposit rate...
US GDP drops 4.8%
April 29, 2020According to the first estimate, US GDP in the first quarter of 2020 fell by 4.8%. Analysts had expected a decrease of 4%. A negative impact on the ec...
Unemployment in Spain jumped to 14.4%
April 28, 2020According to the National Statistical Institute of Spain, the country's unemployment rate rose to 14.4% in the first quarter of 2020. In the previous ...
Gold slips amid boost risk appetite
April 27, 2020On Monday, the price of gold began to decline amid rising risk appetite after signs that countries could soon weaken coronavirus-driven lockdowns. The...
US Consumer Sentiment better than forecast in April
April 24, 2020The University of Michigan Consumer Sentiment Index, which reflects household confidence in the US economy, fell to 71.8 in April.The March indicator ...
Eurozone business activity drops to a record low in April
April 23, 2020Business activity in the eurozone in April reached another record low, which is a sign that the coronavirus pandemic is causing serious economic damag...
UK March inflation slows to 1.5%
April 22, 2020According to the National Statistical Office (ONS) of Great Britain, consumer prices in March rose by 1.5% year on year compared with the February fig...
Oil market collapses again
April 21, 2020The situation in the oil market has again become the focus of attention of traders. For the first time in history, the price of WTI crude oil fell bel...
China lowered key rate for the second time since the beginning of the year
April 20, 2020Today China for the second time since the beginning of the year lowered lending rates to support the economy and the population affected by the corona...
Philippines is the first in the world to close the stock market due to coronavirus
March 17, 2020Today, the Philippine Stock Exchange closed indefinitely, and trading in foreign currency and bonds was suspended. This was the world's first market c...
China showed worst economic performance in 30 years
March 16, 2020Since the beginning of 2020, the Chinese economy has experienced the most severe recession in the last 30 years, caused by the rapidly spreading coron...
The EU will allocate 37 billion investment to combat the effects of coronavirus
March 13, 2020The European Union decided to create an investment initiative of €37 billion as part of a package of measures to protect the region’s economy from...
The ECB has kept rates unchanged, but introduced a stimulus package against coronavirus
March 12, 2020According to the results of the European Central Bank (ECB) meeting, the regulator left key interest rates at the same levels, but presented a package...
Bank of England urgently cut rate to deal with coronavirus effects
March 11, 2020The Bank of England unexpectedly lowered its base interest rate in an attempt to support the British economy amid the spread of coronavirus in the cou...
Saudi Arabia will increase oil supplies to 12.3 million barrels per day in Apri
March 10, 2020Saudi Arabian State Oil Company Saudi Aramco intends to increase oil supplies to 12.3 million barrels per day in April. The company expects this to ha...
Italy will allocate 7.5 billion euros to fight against coronavirus
March 06, 2020The Italian authorities intend to allocate 7.5 billion euros ($8.4 billion) to combat the epidemic of a new type of coronavirus COVID-19, which turned...
Bank of Canada cut a key rate due to virus fears
March 05, 2020The Bank of Canada cut its key rate from 1.75% to 1.25% amid a rapidly spreading outbreak of coronavirus and said it was ready to soften monetary poli...
US Federal Reserve cut the rate unscheduled for the first time since 2008
March 04, 2020The Federal Reserve Board unexpectedly lowered its base interest rate from 1.5-1.75% to 1-1.25%, dropping it by 50 basis points at once. Market partic...
Central Bank of Australia lowered rate to record low
March 03, 2020The Central Bank of Australia has lowered its key interest rate from 0.75% to 0.5% per annum. The regulator reduces the rate for the fourth time in le...
Italy's GDP growth slowed in 2019 to 0.3%, a minimum for 5 years
March 02, 2020According to official figures, Italy's economic growth in 2019 has slowed to its lowest level since 2014 of 0.3% compared with 0.8% in 2018. Italian a...
Eurozone inflation expectations drop to record low
February 28, 2020A key market indicator of long-term inflation expectations in the eurozone fell to a record low amid growing concerns about the spread of coronavirus ...
European stock exchanges fall by more than 3% on concerns over coronavirus
February 27, 2020Major European stock indexes on Thursday evening accelerated the pace of decline and are already falling by more than 3%. Experts note that the pressu...
German economy nears stagnation in first quarter with coronavirus outbreak
February 26, 2020The German Institute for Economic Research DIW reported that Germany’s economy is close to stagnation in the first quarter of 2020 due to the corona...
Italy has become the epicenter of the spread of Chinese coronavirus
February 25, 2020Italy warned the EU that it could require substantial assistance if the unexpected spread of coronavirus in the country's industrial regions would hav...
The ECB expects the completion of the coronavirus epidemic will lead to a significant revival of the eurozone economy
February 21, 2020Philip Lane, chief economist at the European Central Bank (ECB), said that the spread of the coronavirus Covid-19 is the central agenda for the Centra...
Gold has risen to a high in 7 years
February 20, 2020Gold prices rose to a maximum in 7 years due to fears that an outbreak of coronavirus will slow down global growth, as well as amid rumors that the US...
UK annual inflation accelerates to 1.8% in January
February 19, 2020According to the Office of National Statistics (ONS), inflation in Great Britain accelerated in January to 1.8% from 1.3% in December in annual terms,...
Apple shares fell on Tuesday
February 18, 2020Stock prices of the American company Apple Inc are reduced today by 3.6% during preliminary trading. Even earlier, the stock drop exceeded 4%. The Nas...
Japan's GDP in the IV quarter fell at the fastest rate since 2014
February 17, 2020In the fourth quarter of 2019, Japan's GDP fell by 6.3% year on year after increasing the consumption tax in the country. Such rates of decline became...
US industrial production in January fell by 0.3%
February 14, 2020According to the US Federal Reserve, the volume of industrial production in the United States in January decreased by 0.3% compared to the previous mo...
US annual inflation accelerates to 2.5% in January
February 13, 2020According to the US Labor Department, consumer prices in the US in January rose 2.5% year on year, and on a monthly basis inflation was 0.1%. Experts ...
China maintains its goal of GDP growth despite coronavirus exposure
February 12, 2020Deputy head of the PRC Academy of Social Sciences Cai Fan said that China will be able to achieve its long-term goal of doubling GDP and income this y...
UK economy showed zero growth in the IV quarter
February 11, 2020The UK economy showed zero growth in the last quarter of 2019. According to preliminary data from the National Statistical Office (ONS), GDP in Octobe...
Gold rises in price, the market estimates the economic damage from the coronavirus
February 10, 2020Today, Gold quotes rose to a week maximum, reaching $ 1,580 per troy ounce. The precious metal is getting more expensive as rising concerns about the ...
The number of applications for unemployment benefits in the US fell to a minimum since April
February 07, 2020According to the U.S. Department of Labor, the number of Americans applying for unemployment benefits for the first time fell by 15 thousand to 202 th...
OPEC + committee proposes a stronger reduction in production due to coronavirus
February 06, 2020The OPEC+ Technical Committee recommended that the organization’s member countries reduce oil production by another 600 thousand barrels per day in ...
Retail sales in the eurozone in December fell 1.6%, worse than forecast
February 05, 2020According to the European statistical agency Eurostat, retail sales in the eurozone in December fell by 1.6% compared with November. Analysts had expe...
Boris Johnson does not want to accept EU standards
February 04, 2020The sterling lost more than 1% after British Prime Minister Boris Johnson said he would not accept EU standards as the price for securing a free trade...
The index of business activity in the manufacturing sector in Germany in January amounted to 45.3
February 03, 2020According to the final data of the research organization IHS Markit, the index of business activity in the manufacturing sector of Germany (PMI Manufa...
Annual inflation in the Euro zone accelerated to 1.4 in January%
January 31, 2020According to the European statistical Agency Eurostat, annual inflation in the 19 countries of the Eurozone in January, according to a preliminary est...
Interest rates left at 0.75% amid signs of rebound for UK economy
January 30, 2020Today, the Bank of England held a meeting, at which left rates unchanged at 0.75%. Representatives of the Central Bank noted that there is no need for...
Germany raises 2020 growth forecast slightly to 1.1%
January 29, 2020The German government raised its forecast for GDP growth for 2020 and promised to create all conditions for the influx of investments into the country...
OPEC wants to extend production cuts until June due to virus in China
January 28, 2020OPEC representatives said the organization is ready to extend the current decline in oil production until June, if the spread of the new coronavirus s...
Experts: China's GDP growth in I quarter may slow down below 6% due to the outbreak of pneumonia
January 27, 2020Experts note that due to the outbreak of pneumonia in China, the growth rate of the Chinese economy may slow down below 6% in the first quarter of 202...
Eurozone business activity index unchanged in January
January 24, 2020According to preliminary data from the Markit Economics Research Organization, the composite index of business activity in industry and services (PMI)...
ECB holds rates unchanged
January 23, 2020Today, the European Central Bank (ECB) held a meeting, following which the regulator left key interest rates at the same levels, and began reviewing i...
US intends to cut a middle-class tax
January 22, 2020During an interview with The Wall Street Journal at the World Economic Forum in Davos, U.S. President Donald Trump said his administration is working ...
Global stocks fall amid fears of new virus in China
January 21, 2020Chinese and European stocks show a decline amid concerns about the spread of a new coronavirus in China. The virus, which broke out at the beginning o...
Oil jumped to a maximum in more than a week amid closure of fields in Libya
January 20, 2020The price of oil today rose to more than a weekly maximum after the shutdown in two large fields in Libya, which could drastically reduce supplies fro...
China’s GDP grows at slowest pace in 29 years
January 17, 2020According to the official forecast of the National Bureau of Statistics of China, GDP growth in the IV quarter of 2019 amounted to 6.0% in annual term...
U.S. and China sign phase one of trade deal
January 16, 2020The ceremony of signing the agreement on the first phase of the trade dispute between the US and China took place last night. US President Donald Trum...
German inflation accelerates to 1.5% in December
January 16, 2020According to the Federal Statistical Office of Germany (Destatis), consumer prices, calculated according to national standards, increased by 1.5% in D...
Eurozone industrial production rose 0.2% in November
January 15, 2020According to Eurostat data, Eurozone industrial production rose in November for the first time in three months.Industrial production rose 0.2% in Nove...
US consumer prices increase by 2.3% in December
January 14, 2020According to the US Labor Department, consumer prices in December rose 2.3% year-on-year; on a monthly basis, inflation was 0.2%. The annual indicator...
UK industrial production drops 1.2% in November
January 13, 2020According to the UK Office for National Statistics, industrial production in the country in November fell by 1.2% compared to October. In annual terms...
U.S. job growth slows in December, unemployment rate steady at 3.5%
January 10, 2020According to the Labor Department data, the U.S. economy has shown less job growth outside the agricultural sector (Nonfarm Payrolls), as the jobs mar...
U.S. weekly jobless claims fall, ranks of unemployed swelling
January 09, 2020According to the US Department of Labor, the number of Americans applying for unemployment benefits for the first time fell to the lowest level in 5 w...
US Senate Profile Committee approves USMCA Trade Agreement
January 08, 2020The United States Senate Committee on Finance has approved the U.S.-Mexico-Canada Trade Agreement Implementation Act (USMCA). The document was adopted...
Gold rolled back from seven-year highs
January 07, 2020On Tuesday, the price of gold in Asia fell back from seven-year highs in the $1,582.59 area after tensions in the Middle East declined slightly. Earli...
Eurozone investor sentiment jumps to the highest since November 2018
January 06, 2020According to Sentix Research Center, investor sentiment in the eurozone improved in January for the third month in a row. Moreover, the current mood i...
Experts predict global economic growth in 2020
December 31, 2019Analysts positively assess the prospects for the development of the global economy in 2020.Economists expect the active phase of the US-China trade wa...
Beijing authorities urged to abandon cryptocurrency trading
December 30, 2019Several municipalities in Beijing, including the Financial Supervision and Administration Service, the People’s Bank of China Business Administratio...
Russian authorities are considering the possibility of exit from the OPEC +
December 27, 2019The head of the Ministry of Energy of the Russian Federation, Alexander Novak, said that the Russian authorities will soon consider the issue of a pos...
Oil is on the way to new highs
December 26, 2019Oil prices continue their upward movement. Growth is supported by expectations of a Washington and Beijing trade deal, as well as data on a decrease i...
China says it is in close touch with U.S. on trade deal
December 25, 2019US President Donald Trump and President Xi Jinping of China announced that the first phase of a comprehensive trade agreement has already been conclud...
Canadian economy shows easing for the first time in 8 months
December 24, 2019Canada's economic indicators unexpectedly fell in October amid a sharp decline in manufacturing and retail sales.According to Statistics Canada data, ...
Gold rises weakly in anticipation of details of the trade deal
December 23, 2019The price of gold is growing slightly on Monday, market participants are waiting for further news from the front of the trade war. The cost of the Feb...
US Commerce Department maintains estimate of country's GDP growth in Q3 at 2.1%
December 20, 2019According to the third and final estimate of the US Commerce Department, real gross domestic product (GDP) increased at a 2.1% rate. The indicator coi...
China exempts a number of American goods from duties
December 19, 2019After the United States and China announced the conclusion of the first phase of trade deal, Beijing unveiled a new list of exempted from duties goods...
Kazimir: Weak eurozone growth could last for years
December 18, 2019European Central Bank Governing Council member Peter Kazimir said, that the eurozone economy may remain weak until the block solves a number of struct...
The price of palladium topped $2 thousand per ounce
December 17, 2019The cost of palladium today set a new historical record, exceeding $2 thousand per troy ounce.The price of the metall in the morning hours reached $20...
UK business activity drops to a low since July 2016
December 16, 2019According to the IHS Markit, business activity in the UK economy declined for the second month in a row in December, with the recession being the shar...
Trump may become the third US president impeached
December 16, 2019This week U.S. President Republican Donald Trump is likely to become the third U.S. president faced with the impeachment. Previously, Andrew Johnson a...
China and US negotiate ahead of new round of tariffs
December 12, 2019The Chinese Ministry of Commerce said today that Beijing and Washington are in close contact on a further trade agreement. At the same time, the Minis...
US inflation firms in November
December 11, 2019According to the Labor Department, U.S. consumer prices increased solidly in November by 2.1% compared with the same month the previous year. Thus, in...
Oil prices are in the red amid worries about a trade war
December 10, 2019Oil prices continue to decline on Tuesday, as concerns over slowing demand outweighed optimism after reaching an OPEC + agreement to increase producti...
German exports rose in October by 1.2%
December 09, 2019According to the Federal Statistical Office data, exports from Germany rose in October by 1.2% compared to September. Import figures have not changed....
U.S. unemployment falls to 3.5%, wages gain steadily
December 06, 2019According to the US Department of Labor, US unemployment in November fell to 3.5%, the lowest level since December 1969. October indicator was fixed a...
The number of filing applications for unemployment benefits in the US fell by 10 thousand
December 05, 2019According to the report of the US Department of Labor, the number of Americans filing applications for unemployment benefits unexpectedly fell last we...
U.S. private sector job growth slows down sharply in November
December 04, 2019According to the press release from the analytical company Automatic Data Processing (ADP), U.S. private-sector employment increased only 67,000 in No...
Trump: The deal with China will have to wait until the 2020 elections
December 03, 2019U.S. President Donald Trump noted that he could postpone the signing of a trade agreement with China for an indefinite period, until the US presidenti...
China imposed sanctions against a number of US organizations
December 02, 2019According to a statement by representatives of the Ministry of Foreign Affairs of the People's Republic of China, the Chinese authorities imposed sanc...
Eurozone inflation rises quicker than expected in November
November 29, 2019According to preliminary estimates of European statistical agency Eurostat, annual inflation in 19 countries of the Eurozone in November jumped to 1% ...
Bitcoin grows after drawdown the previous days
November 28, 2019After a drawdown amid the news about the hacking of the Upbit exchange, the price of bitcoin showed a sharp increase. The current cryptocurrency quote...
US GDP growth revised up to 2.1%
November 27, 2019According to the press release from the US Department of Commerce, the US economy grew at a 2.1% annual pace in the III quarter, which exceeded foreca...
Oil gains on optimism in US-China trade talks
November 26, 2019According to trading data, world oil prices began to rise today amid optimism around the prospects for trade relations between the US and China. Addit...
Former New York City Mayor Mike Bloomberg officially announces he's running for president
November 25, 2019The billionaire former mayor of New York City Michael Bloomberg officially announced on Sunday that he was running for president in 2020 as a Democrat...
European markets lost growth after weak PMI
November 22, 2019On Friday, European stock markets slowed earlier growth. It was caused by the publication of the weak preliminary business activity index (PMI) in the...
All News
OPEC+ meeting scheduled for June 6
June 05, 2020Today it became known that the ministerial meetings of OPEC and OPEC + will be held on the same day, June 6. The decision to hold these events
The ECB has added another 600 billion euros to combat the crisis
June 04, 2020Today, a meeting of the European Central Bank (ECB) and a speech by regulator Christine Lagarde took place. The Central Bank kept the base rate at
Egypt launched an oil well at 123 thousand barrels per month
June 03, 2020Egypt has commissioned a new well in the Western Desert, capable of producing more than 0.5 million cubic meters of natural gas and more than 4
NBK requires additional monetary policy measures
June 02, 2020The Central Bank of China said that the economic damage from the coronavirus pandemic was stronger than expected, and that additional monetary policy
