Finance world news

Mandy Op.

Mandy Op.

Bitcoin is down more than 10% and trading around $20,000

Bitcoin is down more than 10% and trading around $20,000

Like all high-risk assets, bitcoin has reacted strongly to the inflation data. The Fed's upcoming 0.75-1% rate hike could cause an even deeper outflow of funds from crypto. Meanwhile, the Nasdaq is already down 5%.

OPEC countries participating in the OPEC+ deal increased oil production by 277,000 bpd in August, but fell behind the plan by 1.4 mln bpd

OPEC countries participating in the OPEC+ deal increased oil production by 277,000 bpd in August, but fell behind the plan by 1.4 mln bpd

OPEC also left its 2022 and 2023 demand forecast unchanged. Leading economies are doing better than forecast, which means demand will be robust. The latest macro data shows that OPEC is right.

The Ministry of Finance will enter the bond market today: it will issue bonds maturing in 2031

The Ministry of Finance will enter the bond market today: it will issue bonds maturing in 2031

The amount of the issue is 10 billion rubles. They will place OFZ-PD issue 26239. Coupon yield is 6.9% of face value. The usual duration is 6.58. We'll keep an eye on the placement coverage. If everything goes smoothly, the Ministry of Finance will enter the

Bundesbank president: Inflation may peak in December and exceed 10%

Bundesbank president: Inflation may peak in December and exceed 10%

In his opinion, further interest rate hikes are necessary in the next few months, as the inflation rate is too high. Joachim Nagel did not rule out a slowdown of the economy and recession. Recall that the ECB raised the rate by 0.75% this week.

Investors sold shares in Europe for $83 billion, - Bloomberg

Investors sold shares in Europe for $83 billion, - Bloomberg

Investors withdrew $3.4 billion from European equity funds in the first week of September, bringing the total outflow of investments for six months to $83 billion, calculated Deutsche Bank. BlackRock and Amundi cut stakes in Europe amid hawkish ECB monetary policy and the energy crisis. Analysts at Bank of

Biden postpones decision on Trump's tariffs on China - Bloomberg

Biden postpones decision on Trump's tariffs on China - Bloomberg

The U.S. president does not yet intend to repeal the tariffs imposed by Trump. Earlier this summer, Biden signed a new tariff exemption process for manufacturing materials, from China, but has so far postponed a final decision. The Biden administration, for its part, is looking for ways to help

Alrosa estimates potential demand for investment diamonds at $200 million

Alrosa estimates potential demand for investment diamonds at $200 million

Due to the possibility of selling such stones without VAT, the company positively estimates demand for them in 2023 at $200 million. The company's Director of Strategic Development said that demand for investment diamonds has multiplied. He also noted that diamonds are a non-renewable resource, so their supply

U.S. trade balance in deficit by $70.7 billion, previously -$79.6 billion - deficit narrowed by 12%

U.S. trade balance in deficit by $70.7 billion, previously -$79.6 billion - deficit narrowed by 12%

The dollar is rising in value on the data. A strong dollar will have a negative impact on U.S. stock prices today. Earlier we explained how the trade balance affects the exchange rate.

Home Credit Group has left the Russian market, - Frank Media

Home Credit Group has left the Russian market, - Frank Media

The company sold all its assets to a group of investors headed by Ivan Tyrishkin (Former President of the Russian Trading System Stock Exchange - RTS). They have already obtained operational control over the bank and its management.

Gazprom will place Russian Eurobond series 41 substitute bonds, - the company

Gazprom will place Russian Eurobond series 41 substitute bonds, - the company

Eurobonds of Series 41 were issued for the amount of $750 million. The coupon rate is 4.95% per annum, and the maturity date is March 23, 2027. The secondary bonds will have the same parameters in terms of the size and timing of coupon payments, maturity and face value.