July 2018

US and EU reached agreement in regards to imported cars tariffs

July 26, 2018 - 09:47
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US and EU reached agreement in regards to imported cars tariffs

As a result of talks between the head of European Commission and US President, Donald Trump agreed to refrain from tariffs on import of cars, Reuters informs. Parties also started discussing possible reduction of other barriers, including recently imposed duties on steel and aluminum.

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Germany's business confidence index fell

July 25, 2018 - 14:00
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Germany's business confidence index fell

Germany's business confidence fell in July for the second month, as companies worry about future of country's export amid growing trade tensions between the US and Europe, Bloomberg reports.

Index of Ifo institute fell to 101,7 from 101,8 in June. This is the lowest value of the index since March 2017.

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World shares demostrate mixed behavoir: Market News

July 25, 2018 - 12:30
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World shares demostrate mixed behavoir: Market News

World shares demostrate today mixed behavoir, while investors review reports of corporations and wait results of talks between the US and EU. World All-Country MSCI Index gained 0,1%.

US dollar fell in relation to major peer. Bloomberg Dollar Spot lost 0,2%.

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Investment mistake of millenials

July 25, 2018 - 10:51
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Investment mistake of millenials

Almost one out of three representatives of millenials thinks that cash instruments, including saving accounts and certificates of deposit, are the best way for investing money they won’t need for the next ten years, Bloomberg reports. To compare, older generation prefers investing money into equities, and only 21% into cash.

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Shares gain after positive companies' reports: Market News

July 24, 2018 - 12:59
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Shares gain after positive companies' reports: Market News

As Bloomberg reports today, European shares grew together with US futures after row of positive corporate earnings reports. China's efforts to support its economy resulted in growth of high risk assets in Asia. Besides other measures, China plans to increase infrastructure spendings. As a result, Shanghai Composite Index showed the highest three day growth in two years. 

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What worries investors into commodity companies?

July 24, 2018 - 11:44
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What worries investors into commodity companies?

Such giants in commodity sector as Exxon Mobil Corp., Freeport-McMoRan Inc. and Archer-Daniels-Midland Co., will most likely report earnings at forecasted level or higher, Bloomberg reports. Some of them benefited from cost cuts and some from growing prices. However, investors are more concerned about what will happen with profit of these corporations till the end of this year. Trade conflicts might restrict global growth, while supply problems in some markets eased.

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Air fares and hotel room rates will rise in 2019

July 24, 2018 - 10:45
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Air fares and hotel room rates will rise in 2019

Fast rate of global economy growth and rising oil prices will result in increase in air travel costs in 2019, Reuters informs with the reference to reports of Carlson Wagonlit Travel (CWT) and Global Business Travel Association (GBTA). Air fares will grow up 2,6%, hotel rooms rise will be up to 3,7%.

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