News

European Commission Vice President Dombrowski: U.S. Treasury Secretary Bessant assured the G7 meeting that the exemption from sanctions on Russian oil is only temporary.

European Commission Executive Vice President Dombrovskis: The EU believes that now is not the time to reduce pressure on Russia.

Market news: Air India has asked state-owned oil refineries to hold off on increasing jet fuel prices for domestic flights.

NI225 closed down 265.36 points, or 0.44%, on Tuesday, May 19, at 60550.59 points.

Australia's S&P/ASX200 index closed up 89.50 points, or 1.05%, on Tuesday, May 19, at 8594.80 points.

Japan's 20-year government bond yield rose 6.5 basis points to 3.78%, the highest level since August 1996.

According to the Islamic Republic News Agency (IRNA): Iran’s Deputy Foreign Minister stated that ending the war between all parties, including Lebanon, and withdrawing US troops from areas close to Iran are also included in the proposal.

According to the Islamic Republic News Agency (IRNA): Iran’s Deputy Foreign Minister stated that lifting sanctions, releasing frozen funds, and ending the blockade are included in Iran’s recent proposals to the United States.

Bank of America Survey: Cash levels (of respondents in May) fell to 3.9% from 4.3%, the largest monthly drop since February 2024.

Bank of America survey: 40% of respondents believe the second wave of inflation is the biggest tail risk.

Bank of America survey: Only 4% of fund managers believe there will be a "hard landing."

Bank of America survey: 66% of respondents expect the Strait of Hormuz bottleneck to end within the next few months.

Bank of America survey: Global fund managers' equity allocations hit a new high in May.

According to RIA Novosti: The Russian Ministry of Defense stated that ballistic missiles and cruise missiles will be launched from test sites in Russia.

French Finance Minister: The G7 agreed that the International Monetary Fund and the World Bank need to increase assistance to fragile countries.

The UK unemployment rate in April was 4.42%, compared with the previous value of 4.40%.

The average annual wage rate in the UK including bonuses in the three months of March was 4.1%, expected to be 3.8%. The previous value was revised from 3.80% to 3.9%.

The ILO unemployment rate in the UK in March was 5%, expected to be 4.9%, and the previous value was 4.90%.

The average annual wage rate in the UK excluding bonuses in the three months of March was 3.4%, expected to be 3.4%, and the previous value was 3.60%.

ILO employment in the UK in the three months of March was 148,000, compared with expectations of 104,000 and the previous value of 24,000.