17.06.2024 US
845 day since the barbaric invasion of Ukraine

Business

Market Quotes

European Stock Indices Rise Despite Decline in Italian PMI

Despite the decline in PMI in Italy and the UK, European stock indices ended the day with gains, amid positive changes in other countries and expectations of ECB rate cuts.

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Ellinikon

Greece is building the largest Smart City in Europe: Ellinikon

Construction of Ellinikon — the largest Smart City in Europe — has started in Athens, and by Christmas 2026, it will become home to 20,000 residents

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Gold

Gold Hits Record Price: Expectations and Minor Correction Ahead

Gold prices have surpassed $2400 per ounce, growth to continue amid geopolitical risks

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Exchange rates chart

The dollar strengthens against the euro and pound, stable against the yen

The US dollar has strengthened against the euro and the pound amid expectations for the Federal Reserve, stable against the yen; the DXY index is rising

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Gold

Gold reaches a new historical high amid expectations of a Fed rate cut

Gold continues to rise, reaching $2276.9 per ounce in anticipation of a Federal Reserve interest rate cut

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Credit cards

Visa and Mastercard Lower Fees for Small US Businesses, Ending a 20-Year Dispute

Visa and Mastercard have agreed to lower fees for small businesses, promising savings of $30 billion over 5 years

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National Bank of Ukraine

The NBU plans to lower the discount rate to 13-14% by the end of the year, despite the risks

Most participants of the NBU's Monetary Policy Committee forecast a reduction in the discount rate to 13-14% amid rising risks

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Joachim Nagel

The ECB is considering a rate cut in June, warns the head of the Bundesbank

Joachim Nagel predicts a reduction in the ECB's key rate in June, despite risks to the euro

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Bank of England

The Bank of England Keeps Rate at 5.25%, Anticipating Inflation Decrease

The Bank of England has kept the interest rate at 5.25%, expecting a decrease in inflation below 2% soon

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Stock index growth

European indexes are rising amid the Federal Reserve's rate decisions

European stock markets are growing in anticipation of three Federal Reserve rate cuts this year, with the Stoxx 600 up 0.6%

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Federal Reserve

The Federal Reserve maintains the rate at 5.25-5.5%, as the market expected

The Federal Reserve keeps the key rate unchanged, aiming to reduce inflation and support employment

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Houses in Switzerland

In Switzerland, owning a home is a luxury for two-thirds of the population

In Switzerland, only 36% of households own their home; the average rent for a 4-room apartment exceeds 1600 francs

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U.S. Dollars

The dollar is rising against major currencies in anticipation of the Federal Reserve's decisions

On the eve of the Fed meeting, the dollar is strengthening against the world's leading currencies, the market expects the rate to remain unchanged

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Hydrogen

Canada and Germany Sign Hydrogen Trade Agreement

Canada and Germany have struck a hydrogen trade deal, aiming to reduce reliance on Russian oil

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The Reserve Bank of Australia building

The Reserve Bank of Australia kept the rate at 4.35%, matching forecasts

The Reserve Bank of Australia did not change the key rate, keeping it at 4.35%. The decision matches the analysts' forecasts

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The Wall Street Bull

American indices are on the rise: Fed and corporate news have spiked interest

US indices grow ahead of the Fed meeting and news from major companies

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Trussardi Logo

Miroglio Group Acquires Trussardi, Expanding Portfolio and Development Strategy

The Italian holding Miroglio Group has purchased the brand Trussardi, planning to expand its presence in the clothing and leather goods market

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Wheat

Lithuania strengthens control over grain imports from Russia and occupied territories

Lithuania tightens inspections of grain imports from Russia and occupied territories following Ukraine's statements on illegal export

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Bank of Japan

The Bank of Japan Intends to Raise Rates, Abandoning Negative Values

For the first time since 2007, the Bank of Japan may increase the interest rate, ending the era of negative rates and responding to the inflation and wage growth

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Market quotes

Stock Markets in Western Europe Rise in Anticipation of Eurozone Inflation Data

Stock markets in leading European countries are showing growth ahead of the publication of inflation statistics in the eurozone, expecting a slowdown in price increases

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