Europe and oil gain ground. Gold and dollar fall and interest rates worsen – Markets in a minute
Europe starts mixed as it digests China news Europe started the session in a mixed way, with its eyes on the latest Chinese economic data and Beijing’s commitment to reiterate the “covid-19 zero” policy. The Stoxx 600 trades on the waterline, leaning more towards positive ground (0.02%) to 417.08 points. Among the 20 sectors that […]
Wall Street breaks four-day loss cycle. Dollar falls as it has not been seen since 2020 – Stock Exchange
Wall Street ended the session in the green, thus leading the three main indexes to break a four-day cycle of losses. Industrial Dow Jones rose 1.26% to 32,403.22 points, while the S&P 500 added 1.36% to 3,770.55 points. The technological Nasdaq Composite accumulated 1.28% to 10,475.25 points. The session was marked by the release of […]
Banks forced to lower the installment of the house – Economy
The Government approved this Thursday, in the Council of Ministers, a diploma that will ease the payment of house payments for indebted families. Banks will be obliged to renegotiate variable rate loans, up to 300 thousand euros, without increasing ‘spreads’ (profit margins) whenever families have to commit more than one third (36%) of their net […]
Jorge Vasconcelos: Investors cannot invest in renewables because there is no grid capacity – Energy
Bureaucratic reasons and grid saturation are blocking investments in renewables in Portugal. In an interview with Jornal de Negócios and Antena 1, the former president of ERSE, Jorge Vasconcelos, considers that more than investing in gas pipeline interconnections to Europe, Portugal should focus primarily on the modernization of energy transport and distribution networks. . Especially […]
Two Indian refiners suspend purchases of Russian oil – Raw Materials
Indian refiners Indian Oil and Bharat Petroleum have suspended purchases of Russian oil until there is clarity on the EU sanctions package against Moscow, which will take effect on December 5th. The new package bans European insurers from taking out policies and providing other services to Russian trade. Both Indian Oil and Bharat Petroleum are […]
Dollar retreats. Gold advances. Unstable oil. Interest eases. Europe closes in green – Markets in a minute
Europe points to red in the aftermath of Xi’s speech. Asia closes down with the exception of Shanghai Europe points to negative terrain and Asia closed mixed, on a day when markets have the opportunity to react to Xi Jinping’s speech. After the Asian session, it is time for investors in Europe to react to […]
China to stop reselling liquefied natural gas to Europe – Raw Materials
Beijing’s order is clear: no energy company should resell Liquefied Natural Gas (LNG) to foreign buyers, including Europeans and other Asian countries, in order to guarantee the supply of raw material in China during the winter. The news was advanced by Bloomberg, citing sources close to the process. China’s National Development and Reform Commission has […]
Fed signals adjustments in upcoming interest rate hikes – Monetary Policy
The US Federal Reserve (Fed) remains committed to raising the federal funds rate to a “sufficiently restrictive” level, keeping it there for some time, in order to cope with inflation. Even so, some participants at the monetary policy meeting that took place in September warned of the possibility of an adjustment to the pace of […]
Investors have 3 days to sell British debt if they can’t keep it, warns Bailey – Monetary Policy
The Governor of the Bank of England (BoE), Andrew Bailey, left a warning to investors: they must sell their positions in British debt in the next three days. The central bank leader thus makes it clear that the two debt purchase operations that are being carried out by the institution end even on Saturday. “My […]
BCP’s Polish bank sets up provisions again and anticipates negative result in the third quarter – Banking & Finance
Bank Millennium, owned by BCP, set up provisions again in the third quarter, this time amounting to 447 million zlotys (91.90 million euros at the current exchange rate), to protect against risks related to loans in foreign currency. In addition, it anticipates negative results in the third quarter, according to the statement sent to the […]