Preliminary data showed that the Russian economy contracted by 8.5% on an annual basis in the second quarter of the year, with the country affected by the repercussions of the Coronavirus pandemic and the associated general isolation measures as well as the decline in oil prices, which is Russia’s main …

Official data showed an increase in industrial production for the euro area in June, but the recovery that came after record declines in March and April caused by the Coronavirus pandemic was below expectations for the second month in a row and slower than May. The increase in industrial production …

Telecom stocks boosted European stocks on Wednesday (August 12th) after Liberty Global’s bid to take over Sunrise Communications, while Britain’s FTSE100 index gained on bets on domestic stimulus. The European Stoxx600 index rose 0.2%, gaining for a fourth consecutive session. Sunrise Communications jumped 26.8% after Liberty Global inaugurated a bid …

Oil prices rose on Wednesday, August 12, after a report from the sector showed that US crude stocks fell by more than analysts’ expectations, boosting hopes that demand for fuel in the world’s largest economy can survive the Coronavirus pandemic. Brent crude rose 52 cents, or 1.2%, to $ 45.02 …

German Health Minister Jens Spahn said today, Wednesday, that the Russian vaccine for Covid-19 disease has not been adequately tested, adding that the goal is to create a safe product and not just for a country to be the first to provide a vaccine for people. President Vladimir Putin announced …

CME Group’s advanced figures for Natural Gas futures markets noted open interest and volume went down by around 4.5K contracts and by around 57.3K contracts, respectively, on Tuesday, extending the downtrend seen in the last sessions. Natural Gas remains underpinned by the 200-day SMA Natural Gas prices seem to have moved …

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Wednesday, as the overall industrial sector returned to expansion in June. Manufacturing output arrived at 11.0% MoM in June versus 10.0% expectations and 8.4% booked in June, while total industrial output came in at 9.3% …

Following the release of the key UK macro data on Wednesday, the British Finance Minister/ Chancellor Rishi Sunak said that the UK economy is now in ‘hard times’, the figures today confirm that. “There will be many more job losses in the coming months.”“Hundreds of thousands of people have already …

FX option expiries for Aug 12 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – USD/JPY: USD amounts          105.75 365m106.00 620m – NZD/USD: NZD amounts 0.6525 1.0bn0.6600 285m

Russia announced on Tuesday it began developing a new analytical tool to monitor major cryptocurrencies such as bitcoin and other cryptocurrencies, as part of the Russian government’s attempt to combat money laundering and terrorism using artificial intelligence. The new system is designed to track the movements of digital financial assets …