Russia will face tough economic sanctions in case of an attack on Ukraine
The US JOLTs Job Openings will be released today. Analysts expect that the number of vacancies is likely to fall again in October, which will increase investors’ expectations of a faster reduction of the QE program at the next Fed meeting.
The White House revealed the content of the talks between the US and Russian presidents Vladimir Putin and Joe Biden. The American leader, in particular, warned Putin of the “tough economic” measures that await Russia in the event of an attack on Ukraine. It’s not only about stopping Nord Stream-2, but also the complete isolation of Russia from the global financial system, with all the ensuing consequences for business and the population. The presidents also discussed cybersecurity issues and joint work on problems in regions of the world, including Iran.
British pharmaceutical company GlaxoSmithKline announced the effectiveness of its COVID-19 drug, which is based on antibodies against a new strain of Omicron. The company reported that final test results showed 100% efficacy against Omicron.
Spain’s Ministry of Health has approved vaccination against COVID-19 for children 5 and 11.
Flight bookings between the US and Europe decreased by 55% from the previous week. Bookings within Europe fell by 47%. Analysts believe the spread of the Omicron strain will increase the probability of lower oil demand in the short term. Oil prices increased by 4% yesterday.
Asia-Pacific stock indices were mostly positive, following solid gains in the US and European markets. Japan’s Nikkei 225 Index (JP225) increased by 1.42% today, despite Japan’s third-quarter GDP declining 0.9%. Australia’s ASX 200 (AU200) added 1.25%, but Hong Kong’s Hang Seng (HK50) decreased by 0.13% amid Evergrande risks. S&P strategists are confident that the default of Evergrande is inevitable; it is only a matter of time.
S&P 500 (F) (US500) 4,686.75 +95.08 (+2.07%)
Dow Jones (US30) 35,719.43 +492.40 (+1.40%)
DAX (DE40) 15,813.94 +433.15 (+2.82%)
FTSE 100 (UK100) 7,339.90 +107.62 (+1.49%)
USD Index 96.32 +0.04 (+0.04%)
News feed for: 2023.07.04
- Japan GDP (q/q) at 01:50 (GMT+2);
- ECB President Lagarde’s Speech at 10:15 (GMT+2);
- US JOLTs Job Openings (m/m) at 17:00 (GMT+2);
- Canada BoC Interest Rate Decision (m/m) at 17:00 (GMT+2);
- Canada BoC Rate Statement (m/m) at 17:00 (GMT+2);
- US Crude Oil Reserves (w/w) at 17:30 (GMT+2).
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
