The average price for real estate in the UK rose 2% in August, to £ 224 thousand ($ 299 thousand), the largest British construction company Nationwide reported on Wednesday. This is the strongest monthly growth since 2004. In comparison with the level of August last year, the average property prices increased by 3.7%. The rise in prices, despite the beginning of the recession in the UK,...

The dollar exchange rate in the world market has updated minimum values since April 2018. The depreciation of the American currency is taking place against the backdrop of large-scale monetary stimulus in the country, the risk of keeping near-zero rates on the horizon for several years, as well as investors’ nervousness due to the upcoming US presidential elections. Not only the currencies of...

Oil production in the United States in June began to recover quickly after an unprecedented drop in May, increasing to 10.4 million barrels per day (bpd), follows from the report of the Department of Energy of the country. This is the first evidence of how the shale industry reacted to the rising oil prices in the summer. If this dynamic continues in the coming months, it could threaten the...

Global automakers lost about $ 250 billion in revenues in the first half of this year due to the coronavirus pandemic, which led to the suspension of production and significantly hit demand. This follows from the reporting of companies, which was analyzed by the Dow Jones. As a result of the pandemic, automakers around the world are facing one of the most severe crises in recent history. While...

The US Federal Reserve System (Fed) has adjusted its long-term targets to be able to maintain low rates and soft monetary policy even as inflation exceeds the 2% target. Such a slight deviation will be possible for "some time", since the indicator was below the benchmark before that. This change in the Fed's tactics signifies a shift to average targeting. Head of the regulator Jerome Powell...

The Moody’s rating agency has released a study on the impact of the COVID-19 pandemic on the global oil and gas market. The agency's analysts believe that the pandemic will prolong the period of increased price volatility, while prices that have fallen due to the pandemic will not lead to a recovery in demand in the global market per se. Thus, everything will depend on the recovery of the global...

Exxon Mobil Corp., Pfizer Inc. and Raytheon Technologies Corp. will be derived from the Dow Jones Industrial Average stock index as part of the largest revision of its composition in seven years. Instead, from August 31, the Dow Jones will include papers of the cloud services developer Salesforce.com, biopharmaceutical company Amgen Inc. and the industrial and technological corporation Honeywell...

About 120 million people in the tourism sector are at risk of being left unemployed due to the effects of the pandemic, UN Secretary General Antonio Guterres said in his video message. “The tourism sector employs one in ten people on earth and provides livelihoods for hundreds of millions more,” Guterres said. The secretary general indicated that the coronavirus pandemic is devastating the...

As expected, the dynamics of the leading indicator of business activity in the euro area showed a slowdown in its growth after the initial surge amid the lifting of restrictions. In the US, on the contrary, the composite PMI showed a sharp rise due to the service sector, where employment was recovering - until the fears of its decline after the cancellation of the crisis benefits did not...