Japanese stocks rose on the heels of a Wall Street rebound as strong corporate results increased risk appetite and prompted investors to buy stocks.
Oil prices fell for a second session after the head of export giant Saudi Aramco said it is ready to ramp up output, while production at several US platforms in the Gulf of Mexico is resuming after a brief hiatus last week pass.
Venezuela suspends new shipments of crude oil to Europe under an oil-for-debt deal and asks Italy’s Eni and Spain’s Repsol to supply it with fuel in exchange for future shipments, according to three sources.
The German turbine manufacturer Nordex maintains its forecast of falling sales in 2022 due to lower demand
*ECONOMY AND POLITICS*
China’s central bank cut lending rates in a surprising move to revive demand, after data showed an unexpected slowdown in the economy in July.
The Bank of England will take a further 50 basis point hike to borrowing costs next month, but then slow to a 25 basis point hike in November before pausing, a Reuters poll predicts.
Ukrainian forces reported heavy Russian shelling and attempts to advance on several towns in the eastern Donetsk region, but said they had repelled many of the attacks.
– One of the Governors of the Federal Reserve, Christopher Waller, gives the keynote address of the Summer 2022 workshop on “Money, Banking, Payments and Finance” organized by the Board of Governors of the Federal Reserve (1450 GMT)
On the agenda for the day, Germany will publish the wholesale price index for July. At a European level, the total reserve assets of the eurozone will be published, also for the month of July.
In the US the data to watch will be the Empire State Manufacturing Index for August and the NAHB Housing Market Index for August.
Samuel Edwards is the name you must have heard many times while reading reports related to Finance, that’s what he is good at. From Major Investments to Stock Market Updates, he got ’em all. Be ready to blow your mind by the mind-blowing reports of Finance World from Samuel Edwards.