The Icelandic Parliament has supported the proposal to transfer a field hospital for the Ukrainian military, Prime Minister of Iceland Katrin Jacobsdottir said.
“All parties in the Icelandic parliament have united in a proposal for Iceland to hand over a field hospital to Ukraine,” she tweeted Monday.
“We remain committed to supporting the Ukrainian people: this gesture is a symbol of our continued solidarity,” summarized Katrin Jacobsdottir.
Oil prices are rising on Tuesday morning after a rebound in the previous session, while before that quotations had been falling for three days in a row.
The price of July futures for Brent on London’s ICE Futures Exchange stood at $75.57 per barrel by 8:07 a.m., $0.34 (0.45%) above the close of the previous session. Those contracts rose $1.06 (1.4%) to $75.23 a barrel on Monday.
The price of WTI futures for June oil grew by $0.27 (0.38%) to $71.38 per barrel at electronic auctions of New York Mercantile Exchange (NYMEX) by that time. The day before the contracts value grew by $1.07 (1.5%) to $71.11 per barrel.
The strong macroeconomic data from China were a positive factor for the market, though it turned out to be worse than the market forecasts.
As it was reported, the industrial production in China in April increased by 5.6% compared to the same month last year after growth by 3.9% in March. Meanwhile, retail sales soared 18.4% last month after rising 10.6% a month earlier.
Analysts on average had forecast a 10.9% increase in industrial production and a 21% increase in retail sales, according to Trading Economics.
Also, the market is supported by hopes that the White House and Congress will be able to agree on raising the U.S. debt ceiling.
Negotiations on the debt ceiling between President Joe Biden and Republican House Speaker Kevin McCarthy are expected to resume on Tuesday.
Meanwhile, the U.S. Department of Energy announced plans to buy up to 3 million barrels of oil to replenish the strategic reserve. Last spring, Biden announced the sale of 180 million barrels from the reserve to combat fuel shortages in the market.
As of May 5, the volume of oil reserves in the strategic reserve was 362 million barrels, while the maximum possible level was 713 million barrels. The current figure is the lowest since the 1980s, writes MarketWatch.
Changes in revenue of consolidated budget in 2021-2023 (%)
Source: Open4Business.com.ua and experts.news
Ukraine has abolished the need to obtain licenses for the export of live cattle, chicken, frozen beef as well as meat and edible meat by-products and flour from them.
Corresponding changes to the list of goods, export and import of which in 2023 are subject to licensing, made by the decision of the Cabinet of Ministers № 472 of May 12, published on its website.
In addition, the liberalization affected the export of eggs, rye, oats and millet.
At the same time, exports of buckwheat, sugar and mineral fertilizers are still subject to licensing.
European stock indices generally show moderate growth during trading on Tuesday, with the exception of the region’s composite index and the French indicator.
The Stoxx Europe 600 composite index of the region’s largest companies was down 0.04% at 11:06 a.m. to 466.50 points.
The British FTSE 100 index rose by 0.15% during the session, while the German DAX rose by 0.1%. Italy’s FTSE MIB and Spain’s IBEX 35 added 0.3% and 0.2%, respectively. Meanwhile, the French CAC 40 fell by 0.06%.
Market participants are waiting for revised data on the eurozone’s GDP for the first quarter, which will be released later on Tuesday. The currency bloc’s economy grew by 0.1% in January-March compared to the previous three months and by 1.3% in annual terms, preliminary data showed. Analysts surveyed by Trading Economics expect the initial estimate to be confirmed.
In addition, on Tuesday it became known that unemployment in the UK in March rose to 3.9% from 3.8% a month earlier, while analysts generally did not expect a change in the figure.
The average weekly salary in the country, including bonuses, increased by 5.8% in January-March compared to the same period a year earlier, to 642 pounds. Excluding bonuses, the figure rose by 6.7% to 598 pounds.
Inflation in Italy, according to the final data, was 8.7% in April against 8.1% in March. Preliminary data indicated an increase in consumer prices by 8.8%, and analysts did not expect a revision.
Shares of Imperial Brands Plc fell by 0.7%, although the British concern, which includes the tobacco company Imperial Tobacco, increased pre-tax profit and revenue in the first half of fiscal year 2023, as well as raised dividends.
The price of Vodafone Group Plc shares is down 3.1%. The British mobile operator more than tripled its pre-tax profit in FY2023 due to the sale of Vantage Towers, but its EBITDA decreased by 1.3%.
Vodafone’s management also announced that it plans to cut 11,000 jobs as part of a three-year plan.
The capitalization of the British online retailer Boohoo Group PLC increased by 12%. The company reported a pre-tax loss for the last fiscal year and an 11% decline in revenue, but gave strong forecasts for the current fiscal year.
The market value of Bouygues SA is down 2.3%. The French conglomerate increased its quarterly revenue by one and a half times, to €12.01 billion, but slightly increased its net loss to €134 million.
CE “Municipal Guard” (Kiev) on May 15 again announced a tender for the purchase of voluntary vehicle insurance (hull insurance).
According to a message in the system of electronic public procurement Prozorro, the total expected cost of purchasing services is 1.563 million UAH.
The deadline for submitting bids is May 23.
As reported, a similar tender with an expected value of UAH 1.028 million was announced on April 21, 2023.
