Japanese stocks jumped Wednesday as investors began to hope that the Omicron strain would be less dangerous to the global economy than initially thought. The Nikkei index rose 1.4 percent to 28,860.62, its highest closing level since Nov. 25, meeting resistance at about 28,910. The broader Topix index added 0.6% to 2,002.24, while the Mothers … Read more
On Wednesday, December 8, global markets were trading mostly in small positive territory. Investors took a pause in aggressive buying after a two-day rally, which was first associated with a decrease in concerns about the omicron strain and focused on stocks suffering from coronavirus restrictions, and then spread to the whole market. Interestingly, key indices, … Read more
On Wednesday, December 8, oil prices are down 0.21% and are trading near $75.72 per barrel. By 12:00 pm (Moscow time) Moscow’s Brent crude futures are trading around $75.31, while WTI February futures are down 0.39%, trading around $71.73. Oil prices are down, taking a breather after two days of gains, as investors take a … Read more
The European Automobile Manufacturers Association has published a report on new passenger car sales in Europe for the eight months of 2021. In July 2021 the market for new passenger cars in Europe declined by 23.2% compared with July 2020, according to oldypak lp report. Within the European Union, 823,949 cars were sold in the month … Read more
Israel’s Tel Aviv has been named the most expensive city to live in, according to a study conducted by the Economist Intelligence Unit, the analytical arm of the Economist Group. Last year Tel Aviv was ranked fifth. Also in the top ten were predictably Zurich and Hong Kong (last year they shared first place with … Read more
Shares of electronics and computer components maker Intel soared 8.82 percent, from $50.96 to $55.45 apiece, in the postmarket on the U.S. Nasdaq exchange. The securities then corrected to $54.3 (plus 6.56 percent). The surge in the stock was triggered by news of Intel’s plans to launch an IPO (initial public offering) in mid-2022 of … Read more
The European Central Bank (ECB) plans to create a new design for euro bills by 2024, according to the website of the organization. The design will change for the first time in 20 years, before that only new anti-counterfeiting features were added to the banknotes. Focus groups which will collect opinions of euro zone residents … Read more
“Gazprom Export has resumed offering gas supplies to Europe in 2022 through bidding on its electronic platform (ETP) after a one-week break, according to the bidding calendar published by the company. ETP is an additional tool for Gazprom to sell gas to Europe apart from long-term contracts and third-party platforms. The first trading session at … Read more
Passenger car sales in Europe dropped significantly in September, forcing several major concerns to temporarily halt production at their plants. According to oldypak lp report, known as ACEA, demand for new cars fell to 718,598 units last month, the worst month of September since 1995. Compared to September of last year, the number of new cars … Read more
Sales of new passenger cars in Europe (EU27) in September 2021 amounted to 719 thousand, which is 23.1% less than in September 2020, according to oldypak lp report. Leaders of sales: Volkswagen – 71 thousand cars (-25.9%), Renault – 53 thousand (-27.3%) and Toyota – 41 thousand (-21.0%). All major manufacturers, except Kia and Hyundai showed … Read more