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  • *Slovakia Oct Economic Confidence 97.0 Vs. 100.1 In September
    on October 28, 2021 at 9:12 am

    Slovakia Oct Economic Confidence 97.0 Vs. 100.1 In September The material has been provided by InstaForex Company - www.instaforex.com

  • *Spain Q3 Jobless Rate Falls To 14.57%, Consensus 14.2%
    on October 28, 2021 at 9:09 am

    Spain Q3 Jobless Rate Falls To 14.57%, Consensus 14.2% The material has been provided by InstaForex Company - www.instaforex.com

  • *Hungary Sep Jobless Rate 3.9% Vs. 4.1% In August
    on October 28, 2021 at 9:06 am

    Hungary Sep Jobless Rate 3.9% Vs. 4.1% In August The material has been provided by InstaForex Company - www.instaforex.com

  • *Spain Oct Flash HICP Rises 5.5% Annually Vs. 4% In Sep, Consensus 4.8%
    on October 28, 2021 at 9:04 am

    Spain Oct Flash HICP Rises 5.5% Annually Vs. 4% In Sep, Consensus 4.8% The material has been provided by InstaForex Company - www.instaforex.com

  • *Spain Oct Flash HICP Up 1.7% On Month Vs. 1.1% In Sep, Consensus 0.9%
    on October 28, 2021 at 9:04 am

    Spain Oct Flash HICP Up 1.7% On Month Vs. 1.1% In Sep, Consensus 0.9% The material has been provided by InstaForex Company - www.instaforex.com

  • *Sweden Oct Economic Confidence 120.0 Vs.119.4 In September
    on October 28, 2021 at 9:04 am

    Sweden Oct Economic Confidence 120.0 Vs.119.4 In September The material has been provided by InstaForex Company - www.instaforex.com

  • *Spain Oct Flash CPI Rises 2% M-o-M Vs. 0.8% In Sep, Consensus +1.2%
    on October 28, 2021 at 9:03 am

    Spain Oct Flash CPI Rises 2% M-o-M Vs. 0.8% In Sep, Consensus +1.2% The material has been provided by InstaForex Company - www.instaforex.com

  • *Spain Oct Flash CPI Up 5.5% On Year Vs. 4.0% In Sep, Consensus 4.5%
    on October 28, 2021 at 9:02 am

    Spain Oct Flash CPI Up 5.5% On Year Vs. 4.0% In Sep, Consensus 4.5% The material has been provided by InstaForex Company - www.instaforex.com

  • Malaysia Exports Rises More Than Expected In September
    on October 28, 2021 at 8:45 am

    Malaysia's exports rose more than expected in September, data from the Department of Statistics showed on Thursday. Exports grew 24.7 percent year-on-year to MYR 110.8 billion in September. Economists had expected a rise of 14.6 percent. Imports grew 26.5 percent annually to MYR 84.7 billion in September. Economists had forecast a increase of 15.4 percent. The trade surplus totaled MYR 26.1 billion in September, which was above the expected level of MYR 22.5 billion, the agency said. On a monthly basis, exports grew 16.0 percent in September and imports increased 14.2 percent. The material has been provided by InstaForex Company - www.instaforex.com

  • Bank Of Japan Maintains Monetary Stimulus; Cuts FY 2021 GDP Outlook
    on October 28, 2021 at 8:20 am

    The Bank of Japan maintained its monetary stimulus and downgraded its growth outlook for the current fiscal year as supply-side constraints dampened production and exports amid weak consumption. The board, governed by Haruhiko Kuroda, on Thursday, voted 8-1, to hold the interest rate at -0.1 percent on current accounts that financial institutions maintain at the central bank. The bank will continue to purchase a necessary amount of Japanese government bonds without setting an upper limit so that 10-year JGB yields will remain at around zero percent. According to the latest Outlook for Economic Activity and Prices, risks to economic activity are skewed to the downside for the time being, mainly due to the impact of COVID-19, but are generally balanced for the middle of the projection period onward. The growth outlook for the fiscal 2021 was downgraded to 3.4 percent from 3.8 percent, while the projection for the next fiscal was lifted to 2.9 percent from 2.7 percent. For the fiscal 2023, the growth outlook was maintained at 1.3 percent. On the price front, the bank said consumer prices are set to remain unchanged in the current fiscal instead of the 0.6 percent increase estimated previously. The projected rate of increase in the CPI for fiscal 2021 is lower, mainly due to the effects of the rebasing of the index. The bank maintained its inflation forecast the fiscal 2022 at 0.9 percent and that for the fiscal 2023 at 1 percent. With the Bank highlighting that risks to both near-term economic activity as well as inflation are tilted to the downside, the Bank is signaling that policy will have to remain loose for longer, Marcel Thieliant, an economist at Capital Economics, said. Further, the economist said rents are stagnant and regular wages are barely rising so the chances of inflation hitting the Bank's 2 percent inflation target remain slim. The material has been provided by InstaForex Company - www.instaforex.com

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  • Goldman Sachs and JPMorgan predict US stock market’s growth
    on October 27, 2021 at 12:59 pm

    The US domestic media is regularly reporting that its stock market is crashing. However, the US stock market is now booming. It is rather stable concerning political or economic issues. Currently, external markets, especially the US stock market, are flourishing.  Strategists at the world's largest banks, Goldman Sachs and JPMorgan, predict its further growth and a bright future. According to their forecast, the value of securities will continue to rise despite fears of stagflation.Goldman Sachs strategists reported that they expected the US stock market’s further rise as investors became convinced that the current inflation rate was temporary.  JPMorgan experts backed their view and added that fears of stagflation (price growth associated with economic stagnation) would end soon.If in some countries people are constantly wary of rising prices, the US officials think that the global economy has not yet recovered to its pre-pandemic peak. The world economy is likely to face stagflation. However, it does not concern the US economy. Goldman Sachs and JPMorgan believe the current rise in inflation is temporary and is caused mainly by an increase in energy costs.The material has been provided by portal MT5.com - www.mt5.com

  • Europe’s green policy leads to energy crisis worsening
    on October 27, 2021 at 12:56 pm

    The current situation in the gas market leaves no doubt that Europe finds itself in an energy crisis that was triggered by political disputes with Russia. The latter uses commercial projects to put pressure on European governments. Moreover, the issue is exacerbated by the EU's green policy hubris. Forbes journalist Ariel Cohen said Russia is playing “energy poker” with Europe while being on the winning side. “The gas shortage is being used by the Kremlin to tout the necessity of Nord Stream 2,” the journalist stated. “Russia is well-positioned to benefit from the unfolding market conditions,” he added. The global energy crisis has put the EU in a vulnerable situation. With winter approaching, the EU is likely to appreciate any volumes of natural gas supply, even at outrageously high prices.“The main lesson is: one cannot will energy transformation into reality without building ample, reliable and economically viable baseline generation capacity,” Cohen concluded.As for the “green policy hubris”, Robert Habeck, co-leader of Germany’s Alliance 90/The Greens party, has urged the German government to discuss the matter of the European gas market with Moscow. According to Habeck, the Nord Stream 2 project has not received permission for the operation because of the amendments to the EU Gas Directive.The material has been provided by portal MT5.com - www.mt5.com

  • China’s coal imports surge
    on October 27, 2021 at 12:54 pm

    Rising coal and natural gas prices have caused a shortage of energy resources. As a result, several provinces in China have been facing power outages since mid-September. Meanwhile, the government’s desire to significantly reduce carbon dioxide emissions into the atmosphere and reduce the use of coal has been behind electricity supply shortages as China is now focused on becoming the so-called green economy.In September, China’s coal mining dropped by 0.9% to 330 million tons from the same period in 2020 and down by 1.8% since 2019. At the same time, the country increased its coal imports in September: the indicator soared by 76% on a yearly basis.In the first three quarters of 2021, coal production grew by 3.7% year-on-year to 2.93 billion tons. In January-September 2019, coal production output rose by 3.6%. Meanwhile, imports fell by 3.6% to 230.4 million tons annually.Provinces Shanxi and Shaanxi, as well as the Inner Mongolia Autonomous Region, are China’s main coal mining regions. Amid an acute shortage of electricity, they pledged to supply 145 million tons of coal to power plants in other Chinese regions at a lower price in the 4th quarter of the year. The material has been provided by portal MT5.com - www.mt5.com

  • Facebook to create 10,000 jobs in EU to build 'metaverse'
    on October 27, 2021 at 8:41 am

    Facebook intends to hire 10,000 workers in European Union countries with a view to building a "metaverse". The new project will be part of Facebook Reality Labs, which is engaged in developing virtual (VR) and augmented (AR) reality devices. This idea was announced in late July by Facebook Vice President of AR/VR Andrew Bosworth.The peculiarity of the "metaverse" is an ability to feel the physical presence of another person through digital spaces. Today, Portal and Oculus can already teleport one person to a room with another, regardless of physical distance. Thanks to this development, a user can travel into new virtual worlds and live memorable experiences. "To achieve our full vision of the Metaverse, we also need to build the connective tissue between these spaces -- so you can remove the limitations of physics and move between them with the same ease as moving from one room in your home to the next," Bosworth noted.Notably, Facebook CEO Mark Zuckerberg said in his interview with The Verge that the company would turn the two-dimensional internet into a metaverse where "instead of just viewing content, you are in it." The material has been provided by portal MT5.com - www.mt5.com

  • China benefits from US gas supplies
    on October 26, 2021 at 4:47 pm

    China has unexpectedly benefited from a trade deal, according to which Beijing is committed to purchasing a certain amount of natural gas from Washington. When the agreement was signed, gas supplies from the US appeared to be a burden. However, during today's energy crisis, it is a good bargain. Agreements for the supply of US gas were reached in 2019.  At that moment, it seemed like a US victory in the trade war with the PRC. However, during the energy crisis, this deal now looks like Beijing's trump card. US companies cannot default on their supply commitments as this would threaten them with multi-million dollar lawsuits. Thus, not only the US but also Australia and Qatar will supply China with liquefied natural gas. The gas carriers, returning to terminals in Australia, Qatar, and the US at the beginning of October, will only be able to sail to Europe if the Chinese do not offer a higher price once again. The European strategy of energy diversification triggered an energy crisis. Instead of relying on pipeline gas from Russia, EU countries and the UK have tried to use green technology and liquefied gas. However, the climate has dashed the countries' hopes of wind generation, and China's LNG deals with the US have provoked a shortage of fuel in the EU in the amount of 20 billion cubic meters.    The material has been provided by portal MT5.com - www.mt5.com