Russia could block gas supplies to Europe
American brands McDonald’s, Starbucks, PepsiCo, and Coca-Cola, announced the termination of business in Russia. Russia is turning into North Korea as the number of sanctions against Russia exceeds the number of sanctions against Iran.
The oil shock continues and is cumulative rather than one-time, so analysts predict that oil prices will soon reach $150 per barrel.
Prices of precious metals continue to remain high due to high inflation risks. But it should be noted that the growth of gold and silver is due only to geopolitical factors and war since with the tightening of Federal Reserve monetary policy, prices for precious metals tend to fall.
The Asian market is falling due to US intentions to ban Russian oil imports. Japan’s Nikkei 225 (JP225) decreased by 0.30% from the opening, Hong Kong’s Hang Seng (HK50) lost 0.51%, but Australia’s S&P/ASX 200 (AU200) added 1.04%. China’s consumer price index was unchanged at 0.9%, while producer inflation slowed by 0.3% to 8.8% in annual terms. Japan’s GDP for the quarter increased by 1.1%, with 1.3% growth expected.
S&P 500 (F) (US500) 4,170.70 -30.39 (-0.72%)
Dow Jones (US30) 32,632.64 -184.74 (-0.56%)
DAX (DE40) 12,831.51 -3.14 (-0.024%)
FTSE 100 (UK100) 6,964.11 +4.63 (+0.067%)
USD Index 99.06 -0.23 (-0.23%)
News feed for: 2023.07.04
- Australia RBA Lowe’s Speech at 00:15 (GMT+2);
- Japan GDP (q/q) at 01:50 (GMT+2);
- China Consumer Price Index (m/m) at 03:30 (GMT+2);
- China Producer Price Index (m/m) at 03:30 (GMT+2);
- US JOLTS Job Openings (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.
