07/01/2022
Eurozone June inflation will be released at 11:00.
Today full attention is paid to eurozone inflation in June which will be released at 11:00. Expectations are for an 8.4% increase year on year (previous 8.1%).
06/28/2022
Lagarde (ECB): the anti-spread shield will allow interest rates to rise
The anti-spread shield is not in contrast with the rate hike, on the contrary it is a precondition for it. This was underlined by the president of the ECB, Christine Lagarde, in the Sintra speech. "Maintaining monetary policy transmission across the Eurozone will allow rates to be raised to the extent necessary," Lagarde said. "In this sense, there is no opposition between the launch of a new instrument and the adoption of the orientation necessary to stabilize inflation at our goal. On the contrary, one favors the other".
06/28/2022
Lagarde: Inflation in the euro area is undesirably high
European Central Bank President Christine Lagarde asserted on Tuesday that inflation in the Euro area is "undesirably high."
06/27/2022
LE CAUSE DELLA CADUTA DEI MERCATI FINANZIARI
LE CAUSE DELLA CADUTA DEI MERCATI FINANZIARI
06/27/2022
Leonardo del Vecchio, founder of Luxottica and president of EssilorLuxottica, died.
Leonardo del Vecchio, founder of Luxottica and president of EssilorLuxottica, died. He passed away this morning, June 27, in Milan. He was 87 years old.
06/27/2022
Possibility of introducing a ban on the imports of Russian gold
German Chancellor Olaf Scholz said on Monday that he has yet to discuss the possibility of introducing a ban on the imports of Russian gold with European partners.
06/24/2022
Business Climate Index in Germany fell
The Business Climate Index in Germany fell to 92.3 in June from 93 in May and below expectations, the Institute for Economic Research (Ifo) revealed in a report on Friday. The Current Assessment Index fell to 99.3, compared to 99.5 in May, while the Expectations Index declined to 85.8 in June from 86.9 in May.
06/30/2022
Gazprom cancels 2021 dividends, shares down by 30%
PJSC Gazprom announced on Thursday that at their annual meeting the company's shareholders decided not to pay dividends for 2021, making the first such move since 1998 and prompting shares to tumble more than 30%.
06/29/2022
Pending inflation in Germany
European stock exchanges opened in the red on Wednesday in anticipation of German inflation and European Union consumer confidence data, as well as public appearances by the European Central Bank policymakers, including ECB President Christine Lagarde, Bailey and Jerome Powell. Traders will also monitor remarks Western leaders will make at the NATO summit in Spain.
06/24/2022
Bullard in favors increasing the rates to 3.5% this year
Federal Reserve Bank of St. Louis President James Bullard said Friday that he favors increasing the rates to 3.5% this year.
06/23/2022
Norway plans to increase gas deliveries to EU
Norway and the European Union announced on Thursday, in a joint statement, that the former is planning to increase gas supply to the EU countries amid the current energy crisis.
06/23/2022
Eurozone's composite PMI down to 51.9 in June
The Flash Eurozone Purchasing Managers' Index (PMI) Composite Output Index, saw a monthly decline in June, recording a 16-month low.
06/22/2022
Number of quake victims in Afghanistan at 920
The death toll of the 6.1-magnitude earthquake that hit Afghanistan has now reached 920, Deputy Minister for Natural Disaster Management Mawlavi Sharfuddin Muslim stated in a press conference on Wednesday.
06/21/2022
Warren Buffet on cryptocurrencies
"If the people in this room owned all of the farmland in the United States and you offered me a 1% stake for $ 25 billion I would write you a check right away. If you owned 1% of the apartments in the United States and you offered it to me. for another 25 billion dollars, I'd write you a check for that too. If you owned all the bitcoins in circulation in the world and you offered them to me for 25 dollars, I wouldn't buy them. Because I don't know what to do with it. "
06/21/2022
Leonardo up sharply after merger between Leonardo Drs and Rada Electronic Industries
Merger between Leonardo Drs and Rada Electronic Industries as a result of which the US subsidiary of the group led by Alessandro Profumo will be listed on the Nasdaq. On Tuesday 21 June, before the start of trading on the Stock Exchange, Leonardo announced that the two companies have signed a binding agreement for the merger of Rada into Drs with automatic listing of the latter, expected by the end of the year.
06/20/2022
EU extends sanctions againt Russia over Crimea
The European Council announced on Monday that it is renewing the sanctions introduced in 2014 after Russia annexed Crimea and Sevastopol. The measures will be extended until June 23, 2023 and include prohibitions targeting the imports of products coming from the annexed areas, infrastructural or financial investments, tourism services, as well as exports of certain goods and technologies.
06/17/2022
President of the Federal Reserve Bank of Kansas City, Esther George, shared in a statement on Friday ..
President of the Federal Reserve Bank of Kansas City, Esther George, shared in a statement on Friday that she has not seen "meaningful signs of deceleration" in inflation since it "began building over the past year."
06/15/2022
The European Central Bank (ECB) Governing Council decided on Wednesday to "apply flexibility in reinvesting redemptions"
The European Central Bank Governing Council decided on Wednesday to "apply flexibility in reinvesting redemptions" to be due in the pandemic emergency purchase program in order to "preserve the functioning of the monetary policy transmission mechanism." The ECB reached the decision at an unplanned meeting to discuss current market conditions.
06/15/2022
ECONOMIA OGGI: UNO SCHEMA GIA’ VISTO NELL’ULTIMO SECOLO
ECONOMIA OGGI: UNO SCHEMA GIA’ VISTO NELL’ULTIMO SECOLO
06/13/2022
Bitcoin slipping below $24,000
The sell-off hitting equities and fixed income overwhelms cryptocurrencies as well, with Bitcoin slipping below $ 24,000 to $ 23,646, the lowest levels since December 2020. Currently, the major cryptocurrency is losing 14% while Ethereum, the second largest, drops 9.86% to $ 1,313.