German leader Frank-Walter Steinmeier intends to visit Ukraine, his visit is being prepared, President of Ukraine Volodymyr Zelensky said.
“Had a substantive and productive conversation with German President Frank-Walter Steinmeier. Thanked Germany for the first IRIS air defense system. We must deploy an air shield over Ukraine immediately!” Zelensky wrote on Twitter.
According to him, Germany will also help Ukraine overcome the consequences of Russian missile terror.
“We are preparing the visit of the President of Germany to Ukraine,” Zelensky added.
Internal and external debt of Ukraine in 2009-2022
http://www.minfin.gov.ua , graphics of the Club of Experts
On October 20, the Dniprovokanal utility company of the Dniprovsky City Council and Arsenal Insurance Insurance Company (Kyiv) signed an agreement on compulsory insurance of civil liability of business entities for damage that may be caused by fires and accidents at 11 high-security facilities.
As reported in the ProZorr e-procurement system, the expected price was UAH 117,986, the company’s price offer is the same.
IC Arsenal Insurance is the assignee of IC Arsenal-Dnepr, which has been operating in Ukraine since 2005. Represented in all regional centers and some major cities of the country.
Decrees “On the decision of the National Security and Defense Council of Ukraine dated October 19, 2022 “On the application and amendment of personal special economic and other restrictive measures (sanctions)” have been published on the website of the President of Ukraine.
These decisions impose sanctions on 2,507 individuals and 1,374 legal entities, most of which are Russian citizens and Russian legal entities.
Decree No. 726\2022 imposes sanctions against politicians, public figures, military personnel, among whom is Putin’s daughter Yekaterina Tikhonova. The same decree introduces sanctions against Russian legal entities.
Decree No. 727\2022 imposes sanctions against oligarchs, including against Roman Abramovich.
The main stock index of Western European countries is falling on Thursday, falling for the second day in a row on fears about the global economy and weak reporting of large companies.
The composite index of the largest companies in the region Stoxx Europe 600 by 11:09 QoQ fell by 0.3% and amounted to 396.54 points. The day before, the indicator lost about 0.5%.
The British stock index FTSE 100 by this time fell by 0.06%, the German DAX – by 0.65%, the Spanish IBEX 35 – by 0.03%. Meanwhile, the French CAC 40 rose by 0.04%, the Italian FTSE MIB – by 0.06%.
The Fed’s Beige Book regional survey published on Wednesday showed that forecasts for the US economy have become more pessimistic amid growing concerns about weakening demand.
Economic activity in the country at the beginning of autumn generally slightly increased, but the situation was different in different industries and regions. Four of the twelve Federal Reserve Banks (FRB) said that activity in their districts did not change, and two reported a decrease. Negative factors were higher interest rates and inflation, as well as disruptions in supply chains.
Despite the weakness in the US economy, the Fed, by all accounts, will again raise its key rate by 75 basis points at the November meeting.
Shares of Ericsson AB fall 14.5%, leading the decline in the Stoxx 600 index. The Swedish telecommunications equipment manufacturer’s net profit in the third quarter of 2022 fell by 7% and was worse than the market forecast.
The capitalization of its Finnish competitor Nokia Corp. (SPB: NOK) is down 4.6%, although the company posted a 22% increase in net income last quarter and a 16% increase in revenue.
Pernod Ricard SA drops 1.3% despite the fact that one of the world’s largest alcohol producers reported a 21.7% increase in revenue in the first quarter of fiscal 2023.
Swedish concern Volvo AB, which ranks second in the world in terms of production of trucks, increased its net profit last quarter, but the figure was slightly below market forecasts. The company’s shares are down 4%.
Swedish Match AB’s market value climbed 1.6% on media reports that tobacco maker Philip Morris plans to raise its bid for the company.
The growth leaders among the components of the Stoxx Europe 600 index are the shares of the fertilizer producer Yara International (+5.5%) and the Spanish bank Sabadell (+4.1%).
The value of the US currency against the yen jumped to a maximum since August 1990 after the Japanese Central Bank announced an unscheduled redemption of government bonds. This decision was made following the jump in the yield of 10-year Japanese government bonds above the upper limit of the Central Bank’s target range of 0.25% per annum.
The dollar against the yen soared to 149.98 yen compared to 149.9 yen at the close of the previous session.
The Bank of Japan maintains an ultra-loose monetary policy, thus seeking to support the country’s economic recovery from the effects of the COVID-19 pandemic. His policy is seriously at odds with the actions of other world central banks, raising rates to curb inflation, notes Trading Economics. This continues to put pressure on the yen and requires the Japanese Central Bank to adjust the policy of controlling the yield curve of government bonds.
The ICE-calculated index, which shows the dynamics of the dollar against six currencies (the euro, the Swiss franc, the yen, the Canadian dollar, the pound sterling and the Swedish krona), lost 0.14% on Thursday, the broader WSJ Dollar Index lost 0.05%.
The euro/dollar pair is trading at $0.9792 as of 9:15 Moscow time, compared to $0.9775 at the close of the market on Wednesday.
The pound sterling fell by this time to $1.1221 against $1.1218 the day before.
The dollar remains strong and any downward adjustments will be short-lived as long as the Federal Reserve (Fed) continues to raise the base rate, said ING analyst Francesco Pesole, quoted by Dow Jones.
The Fed’s Beige Book regional survey published on Wednesday showed that forecasts for the US economy have become more pessimistic amid growing concerns about weakening demand.
Economic activity in the country at the beginning of autumn generally slightly increased, but the situation was different in different industries and regions. Four of the twelve Federal Reserve Banks (FRB) said that activity in their districts did not change, and two reported a decrease. Negative factors were higher interest rates and inflation, as well as disruptions in supply chains.
