USD RUB. Fixed deflation for the first time in five years

Yesterday, during the trading session on the currency section of the Moscow stock exchange official dollar exchange rate decreased by 0.1396 rubles and amounted to 66.7420 rubles per dollar. Throughout the day, the ruble gradually strengthened, and become the main driving force in the price of oil, which, despite the increase in stocks of crude oil and petroleum products in the US by 1.4 million barrels, up 3.7%, to 43.43 dollars per barrel Brent crude. Another factor was the fact that, according to Rosstat, in the period from 26 July…

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EURUSD. When?

Pretty good data on new home sales in the US, which grew by 3.5%, could not lead to the strengthening of the dollar against the euro. This preliminary data on the index of business activity were neutral, so that they could not affect the market. Moreover, the market simply ignored the report of the American Petroleum Institute, which indicated to reduce stocks of crude oil and petroleum products by 8.3 million barrels, which, however, had no effect on the cost of oil. The reason for the incredible stability of the…

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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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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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