Hedge fund Dalio doubled its bet on the collapse of European stocks, and analysts estimated the share of Russians able to service loans at 23% – these and other important news for the morning of Friday, June 24, in our daily review. The Bank of Russia will lift acquiring restrictions at the level of 1% […]

German authorities will be forced to shut down some sectors of the economy if they face a gas shortage, Economy Minister and Vice Chancellor Robert Habeck said in an interview with Spiegel. “All market processes will be suspended. It will be a disaster for some sectors. And we are not talking about two days or […]

The Bank of Russia is extending for the period from July 1 to December 31, 2022 the previously introduced relaxation on non-application of measures to banks subject to foreign sanctions in case of non-compliance with open currency position limits (OCP), the regulator said in a statement. The decision was made to maintain financial stability of […]

Russia and China will continue to increase the share of settlements in national currencies, but a complete abandonment of the dollar is impossible, Russian Ambassador to China Andrei Denisov said on air of the Rossiya-24 TV channel (VGTRK). “It is impossible to completely abandon the dollar in principle, and no one sets such a goal, […]

The Russian stock market started today’s trading in a slight plus on the back of improving external stock market conditions. Stock indices of the largest countries in the Asia-Pacific region are rising today, following the dynamics of the U.S. stock market, which ended the previous day’s trading with a steady rise. Thursday’s trading in the […]

The Russian ruble hit a rate of 52.3 per $1 last Wednesday, up about 1.3 percent from Tuesday and reaching its strongest level since May 2015, CNBC writes. But this strengthening of the national currency is not too favorable for the Russian Central Bank, which is now puzzling over how to “tame” its exchange rate […]

The German Ministry of Economy is considering the possibility of nationalizing a fragment of Nord Stream-2, which is located on the territory of the country, Spiegel writes. After that, the German part of the pipeline would be cut off from the rest of it and it could be connected to a floating LNG terminal, the […]

Natural gas futures prices declined during the European session on Friday. At the New York Mercantile Exchange, natural gas futures for delivery in July are trading at $6.17 per million Btu, down 1.17% at the time of writing this commentary. The session low was $/mmBtu. At the time of writing, natural gas found support at […]

With nearly $146.7 billion in record free cash reserves, Berkshire Hathaway (NYSE:BRKb) has been buying up shares of integrated oil and gas giant Occidental Petroleum (NYSE:OXY) in 2022, spending more than $500 million in the last week alone to acquire another 9.6 million shares of the oil company and bringing its total stake to 152.7 […]

Trade in Russian diamonds has slowed sharply since late May as diamond cutters meet the demand for polished goods from other sources, independent diamond industry analyst Paul Zimnisky said in an interview with industry news agency Rough&Polished. This is partly due to difficulties in paying for Russian goods in U.S. dollars, but some diamond manufacturers […]

Analysts at U.S. bank Citigroup Inc (NYSE:C). lowered their forecast for the value of the S&P 500 stock index at the end of this year by 500 points, to 4,200 points, due to stubbornly high inflation and aggressive Fed policy. “The Fed’s hawkish attitude and the impact of rising real rates on valuations were the […]

Canadian Prime Minister Justin Trudeau has announced that the country is imposing new sanctions against Russia, with six individuals and 46 entities linked to the Russian defense sector coming under them, the Canadian government’s website said Monday. “The new measures, which come on top of the Canadian government’s already powerful sanctions, include the imposition of […]

Oil prices are rising today after strong growth the day before. The cost of August futures for Brent oil on the London exchange ICE Futures by 8:20 Moscow time was $116.6 per barrel, which is $1.51 (1.31%) higher than the price at the close of the previous session. At the end of trading on Monday, […]

During today’s trading, the US dollar is slightly strengthening against the euro, but getting cheaper against the Japanese yen. Calculated ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), adds 0.03%, the broader WSJ Dollar Index – 0.02%. As of 8:54 Moscow […]

Gas transportation through the Turkish Stream gas pipeline system has resumed after scheduled preventive maintenance, Gazprom (MCX:GAZP) said. “Scheduled preventive maintenance works on the Turkish Stream gas pipeline, scheduled for the period from June 21 to June 28, 2022, have been completed. Gas transportation resumed today at 20:00 Moscow time,” the Russian company wrote. “Turkish […]

Moody’s considered default on two Russian Eurobond issues as default, and a Swiss court found Credit Suisse (SIX:CSGN) guilty of money laundering by drug traffickers – these and other important news for Tuesday morning, June 28, in our daily review. International rating agency Moody’s reported that Russia defaulted on its Eurobonds. It assessed as defaults […]

Investor Michael Burry, famous for his short bets, predicted that consumer spending in the U.S. will fall sharply while retailers’ warehouses will be swamped with excess inventory by Christmas. Moreover, he called the recent recovery in the stock market a temporary respite, and said that a downturn in the market should not be expected until […]

Warren Buffett’s company Berkshire Hathaway on June 23 purchased an additional 794,389 shares of Occidental Petroleum for a little over $44 million, according to a document posted on the website of the Securities and Exchange Commission. The cost of one share within this transaction amounted to $55,389. Taking into account the acquisition of the last […]