World oil prices are showing a decline as news about OPEC + production plans are holding traders back, according to trading data. The price of September futures for the North Sea Brent brand oil mix fell by 0.67% to $ 42.95 per barrel. August futures for WTI crude oil fell 0.69% to $ 40.27 per barrel. Earlier, the Wall Street Journal reported possible intention of OPEC+ to start increasing oil...

Last week was marked by record investments in the funds of China. The total flow exceeded $ 6.1 billion, which is the highest figure since 2015. The rapid economic recovery, expected annual GDP growth, as well as the authorities’ policy prompting investments in the stock market provoked an increase in interest from international investors. This may support markets of other developing countries....

Gold prices rapidly surpassed the level of $ 1800 per troy ounce on the world market; the quotations have grown by more than 20% since beginning of the year. The risks of the second wave of coronavirus, the aggravation of relations between the USA and China, as well as large-scale monetary recharge of developed economies spurred demand. According to Reuters, on Wednesday July 8, gold quotes on...

A fifth of those companies whose ratings are calculated by Standard & Poor’s agency have already faced their decline. Moreover, as analysts at the agency warn, the impact of the COVID-19 pandemic on creditworthiness will be felt in individual sectors until 2023 and will lead to a marked increase in the number of bankruptcies. At the same time, it will be increasingly difficult for central...

The Competition and Markets Authority (CMA) of Great Britain has published its proposals for “introducing a new regulatory regime that promotes competition to tackle Google’s and Facebook’s market dominance.” Among other things, the watchdog proposed creation of a new department for digital markets, which will primarily regulate the online advertising market. In addition, CMA wants to draw up a...

International investors have significantly reduced their interest in risky assets. Over the past week, the net outflow of funds from equity funds of developed countries amounted to $ 4.6 billion, from emerging markets funds - $ 2.6 billion. Investors are reducing investments in commodity funds focused on investments in oil, amid growing risks of a slowdown in the global economy due to a sharp...

The Board of Governors of the Bank of Mexico announced the fourth drop in the interbank interest rate to 5% this year amid the unfolding crisis caused by the COVID-19 pandemic. "Given the risks to inflation, economic activity and financial markets, serious challenges are expected for monetary policy and the economy as a whole... In the presence of all its members, the Governing Council...

American gas liquefying projects are massively postponing commissioning of new capacities amid falling world prices, which is why their growth in 2021–2022 may become minimal. According to Platts, it is possible that in the coming years not a single investment decision will be made on new LNG projects in North America. The operator of the American LNG project Freeport LNG postponed adoption of an...

The global economic downturn will be more significant than expected in April, and will amount to 4.9% in 2020, while growth in 2021 will be weaker, follows from the updated forecast of the International Monetary Fund (IMF). The most significant adjustments of the estimates were made for the euro area and the USA, where the economies this year will decline by 8-12%. This year, global GDP will...