Agriculture
In a statement, ProAgro said it had increased its 2020 wheat harvest outlook to 26.59 million tonnes from 26.07 million and corn to 38.86 million tonnes from 38.49 million.
Currencies
Meanwhile, the US dollar index, which gauges the value of the greenback against a basket of key global currencies, rose 0.32 per cent to 93.08. Nonetheless, pegging realistic earnings below a dollar per share in average and normal economic circumstances make that I feel no urge to buy the dip. The benchmark note last yielded 0.5232%.The euro climbed to its highest against the dollar since May 2018 before giving up its gains. One factor likely holding European equities back is euro strength, as the recent consolidation proved very brief before the currency head back toward the 1.1900+ highs in recent sessions.
Based on those earnings numbers, I only peg earnings power at just a little under half a dollar. BL Research BureauThe rupee (INR) ended flat at 74.93 on Thursday against the dollar (USD) following the monetary policy announcement by the Reserve Bank of India (RBI). While increased online transactions helped to offset this, cross-dollar volume was down 10% to $1.38 trillion.
Based on those earnings numbers, I only peg earnings power at just a little under half a dollar. BL Research BureauThe rupee (INR) ended flat at 74.93 on Thursday against the dollar (USD) following the monetary policy announcement by the Reserve Bank of India (RBI). While increased online transactions helped to offset this, cross-dollar volume was down 10% to $1.38 trillion.
Metals
MACRO Gold prices continue to dominate market attention after the remarkable advance of 75 dollars per ounce over the last few sessions.
Oil
Malaysian palm oil futures erased early gains tracking weakness in Asian shares, but the contract was set for a weekly rise supported by a forecast of lower end-July inventories. According to photos surfacing online, the supposed S-300 system is deployed near the town of Ras Lanuf, a key oil export port controlled by the Libyan National Army (LNA). Global crude oil benchmark Brent was trading marginally lower at USD 45.08 a barrel. By early next month, a panel will rule whether to green light Santos Ltd. s A$3.6 billion Narrabri natural gas project, about 500 kilometers northwest of Sydney.
U.S. crude futures gained $0.20, to $42.39 a barrel.
U.S. crude futures gained $0.20, to $42.39 a barrel.
United States
– The two companies must cease operations in the US in 45 days, after which no US individuals or businesses are allowed to do business with the companies. Photographer: Thibault Camus/AFP via Getty Images Trump signed an executive order banning U.S. residents from doing business with TikTok or its parent ByteDance, beginning in 45 days. Real estate and materials already had plenty of loopholes and didn t benefit much; utilities, which sold off on the day after Trump s election, benefited the most.
Infrastructure might do well (ironically, just as it did on Trump s victory), in the hope that the Democrats might actually go through with borrowing money and building things. The US insurance business accounts for 42% of its business. Stocks had a tendency to fall sharply every time Trump rose in the polls. Photographer: Brendon Thorne/Bloomberg What We’re Reading A few things from around the world that caught our attention: Trump orders bans on TikTok and WeChat.
This led to some disastrously inaccurate estimates that the market would tank if Trump won. The move coincides with Trump s push for the sale of popular video app TikTok to an American company. Additionally, even in the US life business, 56% of earnings come from fees.
Infrastructure might do well (ironically, just as it did on Trump s victory), in the hope that the Democrats might actually go through with borrowing money and building things. The US insurance business accounts for 42% of its business. Stocks had a tendency to fall sharply every time Trump rose in the polls. Photographer: Brendon Thorne/Bloomberg What We’re Reading A few things from around the world that caught our attention: Trump orders bans on TikTok and WeChat.
This led to some disastrously inaccurate estimates that the market would tank if Trump won. The move coincides with Trump s push for the sale of popular video app TikTok to an American company. Additionally, even in the US life business, 56% of earnings come from fees.
China
The sale, as one US military magazine previously put it, “marks Beijing’s most significant foray into a continent where armed forces have traditionally relied on US and European weapon-makers.” Several factors underpinned Beijing’s success: public support, a large domestic market, and a major industrial complex. A clear disadvantage is that Beijing has not yet set a clear goal for an emissions-free society by 2050 as the EU has. Last year the Serbian president signed several agreements with Beijing to expand the Belt and Road in the country.
Europe
Last night the SNP said Mr Sunak should apologise to people in Scotland “paying the price” for his party’s Brexit policy. As Emmanuel Macron walked through downtown Beirut, throngs of men and women begged him to help lift the former French protectorate out of its misery. The EU and Germany have learned from their mistakes and from China’s success, which is being emulated towards the hydrogen economy. Also, as Germany took over the six-month EU Council Presidency on July 1, Economy Minister Peter Altmaier devoted a significant portion of his speech to green hydrogen.
In recent weeks Mr Sunak’s Treasury colleague Steve Barclay, business secretary Alok Sharma and Boris Johnson have all made the trip north. The EU hopes to produce 1 million tonnes from 6 GW of electrolysis capacity by 2024. Boris Johnson insisted that Britain’s tracing is “world-beating,” despite evidence to the contrary.
0 In recent weeks Mr Sunak’s Treasury colleague Steve Barclay, business secretary Alok Sharma and Boris Johnson have all made the trip north. The EU hopes to produce 1 million tonnes from 6 GW of electrolysis capacity by 2024. Boris Johnson insisted that Britain’s tracing is “world-beating,” despite evidence to the contrary.