Gold will continue to rise – BlackRock

Gold offers an excellent opportunity to hedge, which means that the metal will show significant growth, says Russ Koesterich of BlackRock. With the fall in bond yields, investors rushed to the precious metals, and gold has added 28% since the beginning of the year. “We are in the middle of sluggish economy and increased volatility. In such circumstances it is necessary a insurance for the portfolio, which is ideal for gold, “- he said. Since the “yellow metal” does not imply yields, investors will suffer considerably if real interest rates start…

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LSE shareholders approved a merger with Deutsche Boerse

On Monday, shareholders of London Stock Exchange Group Plc (LSEG), the operator of the London Stock Exchange (LSE), almost unanimously (99.89%) have approved a merger with Deutsche Boerse AG. The merger would create Europe’s largest securities market operator securities with a market capitalization of more than $ 27 billion. However, there remains uncertainty associated with the position of European Regulators in relation to the merger of two leading stock market operators. Thus, Berlin has insisted that after the decision of the British withdrawal from the European Union (Brexit) the headquarters…

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Oil prices are beginning to stabilize – Minister of Saudi Arabia

The global oil market is moving towards equilibrium, and oil prices are beginning to stabilize, said Saudi Oil Minister Khalid Al Fatih. According to the Saudi news agency SPA, the Minister held a meeting with the new Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Barkindo, to discuss the role of OPEC in maintaining the stability of the oil market. According to Khalid Al-Fatiha, Saudi Arabia with the help of OPEC is committed to continue to play an important role in providing the world’s growing demand for…

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Australia’s trade deficit increased in May

In May, Australia’s trade balance deficit widened to A $ 2.22 billion, against $ A1.79 billion in April, said the Australian Bureau of Statistics, while analysts had expected that it will be $ A1.7 billion. Exports rose by 1.0% and imports – by 2.0%. Retail sales gained 0.2% in May, while economists were expecting 0.3% gain. Meanwhile, April’s increase was revised down to 0.1% from 0.2%.

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Goldman Sachs fires traders again

Bank reduced the fixed income for 30 traders in the New York division, reliable sources claim. We remind you that the securities division has already been reduced in May and earlier in June were fired another 100 employees in New York. Banks have begun downsizing as a result of failure of the first half year. Especially disappointing was the first quarter. Managing Director of Goldman Sachs high-yield loans division, Erik Kramer, has decided to leave the bank. In addition, this week it became known that Joseph Mauro, head of fixed income division,…

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The Bank of Japan may take new stimulus measures

As it became known on Friday, consumer prices fell in May the maximum rates since 2013, nullifying the efforts to revitalize the central bank inflation. Core consumer prices, not taking into account food products, fell by 0.4% in May, compared to the previous year, confounding economists’ expectations. Business sentiment, meanwhile, remained unchanged. However, this survey was conducted before the referendum in the UK. The Japanese yen continues to rise, as investors flee to “safe haven”, after the decision of the UK to leave the EU. The dollar / yen was…

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The Bank of England will cut interest rates to zero – TDS

Analysts TDS believe that after the results of the referendum in the UK the Bank of England will cut interest rates to zero: “We expect that the UK will enter a short and shallow recession like as increased uncertainty from the victory in the referendum on the exit from the EU will have an impact on the demand for both households and firms. While the exchange rate will help to neutralize part by weakening exports, this gain will be limited. Inflation will rise to above 3% y / y by…

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Weaker dollar helped oil prices gain

World stocks climbed for the first time in four days on Tuesday and a weaker dollar helped oil prices gain too, as investors fine-tuned their expectations for monetary policy meetings in the United States and Japan. European shares also benefited from a less-bad-than-expected 80 percent first quarter profit fall and an unchanged dividend from BP (BP.L), as well as encouraging results from UPM (UPM1V.HE). With the quarterly earnings season in full swing, investors were awaiting an update from the world’s biggest company, Apple (AAPL.O). The pan-European FTSEurofirst 300.FTEU3 stock index…

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GBP USD: Bank of England determines further movement

Pound is going up rapidly against the background of rising oil prices, which led to the weakening of the dollar. This situation affected workers in Kuwait – due to the reduction of salaries and social benefits. As a result, oil production in Kuwait declined from 2.8 million barrels per day to 1.1 million barrels. The market has already played this news and oil prices gradually go down, and a barrel of Brent crude has given less than 43 dollars. Now, however, much will depend on how long the strike will…

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