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WTI crude oil price fell below 100 USD

WTI crude oilThe futures price of light crude oil from West Texas Intermediate (WTI) fell below the 100 USD limit on Thursday amid fears of lower demand for oil and other fuel products in USA. The crude oil for September delivery fell to a seasonally low of 99.18 USD per barrel on the New York Stock Exchange of futures contracts on energy commodities (Nymex), gradually deleted losses to 99.33 USD per barrel. The decline is equivalent to 0.94% or 94 cents. The price of oil futures in USA closed at 100.27 USD per barrel on Wednesday – a retreat of 0.69% (or 70 cents).
The common stocks of motor gasoline in USA rose by 0.4 million barrels last week to 218.2 million barrels, climbing 4-month peak. The increase in the price of gasoline in the peak driving season in USA has a negative impact on the price of oil in terms of speculation about contraction in demand. The investors take into account economic data from USA on Friday expected results for jobs in the country to support the recovery of the labor market. The Commerce Department data showed again that the U.S. economy expanded by 4% yoy in the second quarter, surpassing analyst forecasts growth of 3%.
Also, the Federal Reserve continued to plan with shrinking cash incentives, reduce their size by 10 billion USD on Wednesday.
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Quarterly profit of Shell grew sharply

Shell profitThe profit of Royal Dutch Shell has more than doubled in the second quarter compared with a year earlier, after the Anglo-Dutch energy giant take advantage of the increased production and higher prices for certain products. The Shell’s profit for the April-June period reached 5.15 billion USD against 2.39 billion USD for the same period last year. Excluding the one-off effects, it swells to 6.13 billion USD, or 33% more than last year reached 4.6 billion USD. The sales in April-June reached 115.27 billion USD, or just over achieved in the second quarter of 2013, when the sales were 114.35 billion USD.
“Our financial results for the second quarter of 2014 were stronger than levels a year earlier, but I want to see a stronger, more competitive company results”, said the CEO of Royal Dutch Shell Ben van Beurden.
The impairment losses on energy company reached 1.94 billion USD, driven largely by shale assets in the United States. According to van Beurden oil and gas business the company does not take into account a loss of about 400 million USD in the first half of 2014, the Company is in the process of restructuring the shale business in North America.
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Roche with bad financial result in Q2 2014

RocheThe Swiss pharmaceutical company Roche Holding AG announced 7% ethyl decline in its net profit for the first half because of the strong franc and exits at its diagnostic division. For the first six months of the year, the net profit of Basel-based Roche amounted to 5.64 billion CHF (6.25 billion USD), or 7.57 CHF per share, at 6.05 billion CHF a year ago. Analysts predicted profit of 5.98 billion CHF. Part of the reason for the lower than expected result is a write-off of intangible assets amounting to 414 million CHF in the subdivision tissue diagnostics.
The Swiss group also said that the weakness of the dollar, the yen and a number of other currencies against the franc contributed to a 1% decline in sales, which amounts to 22.7 billion CHF. If we exclude currency effects, sales increased by 5%. Despite the drop in profit the CEO of Roche Zeverin Schwan said the company has had a good first half, focusing on the progress made in two of the drugs against breast cancer – Perjeta and Kadcyla. Perjeta sales jumped nearly fourfold – 276% to 388 million CHF, while those of Kadcyla nearly triple – with 188% to 227 million CHF.
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Ukrainian Prime Minister resigned

Arseny YatsenyukThe Ukrainian Prime Minister Arseny Yatsenyuk deposited his resignation to parliament after the collapse of the ruling coalition “European choice”. Several parties split from the coalition and thus blocked the legislative initiatives of the government. Earlier President Petro Poroshenko welcomes you split the coalition, since it opens the door for new parliamentary elections to give full reset of power. The politicians and activists complain that Ukraine has a new president, but at the same time in parliament remained supporters retired in February, President Viktor Yanukovych. These supporters hamper the work of Poroshenko adds another publication.
Among those who left the coalition is the party of former boxing champion Vitali Klitschko. According to Ukrainian law, parliament has 30 days to form a new governing coalition. If not, the President will dissolve parliament and called for new elections.
The 39-year-old Yatsenyuk was elected to the post of Prime Minister of the Verkhovna Rada (Parliament of Ukraine) at the end of February 2014. He was held up as a close ally of former Prime Minister Yulia Tymoshenko.
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European indexes grew on Thursday

European StocksThe European markets recorded a third consecutive day of gains after the data for private sector activity in the Eurozone in July proved better than expected. Investors deciphered this as a sign that the economic recovery continues. Additional information brought liveliness to improve the situation on the labor market in Spain. In the second quarter the unemployment rate decreased to 24.5% compared to 25.9% in the first quarter. Better than expected financial statements also improved the mood of trading on European exchanges.
Nokia shares reached a three-year growth of its price after the company’s revenue in the second quarter was better than the prior market expectations. The good performance record and Danske Bank, whose shares rose nearly 5% to a price of 162.90 DKK per share. This is the highest price since April 2008. The second largest bank in Denmark presented its forecast for net income in the 10-13 billion DKK or between 1.81-2.35 billion USD in 2014. In May, the bank’s management said it expects annual profit between 9-12 billion DKK.
These data led to the growth of the major indexes in Europe. Europe Stoxx 600 overcame initial losses in early trading hours. The index ended the session up 0.43% to 344.33 points.
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Sales of foreign currency in China increased

China CurrencyIn June, the Chinese central bank and financial institutions in the Celestial Empire sold foreign currency worth 88.28 billion CNY (14.2 billion USD). For comparison in May they bought currency net 38.657 billion, according to Dow Jones calculations based on data from the Central Bank of China.
June is the first month of net sales after ten months of net purchases – a signal that perhaps started outflows from Asian countries. As of June purchases of foreign currency made by the banking system amounted to 29.45 trillion CNY. The amount is slightly lower purchases of 29.54 trillion CNY made in May, revealed data of the Central Bank of China. The data include purchases and sales of commercial banks and other financial institutions, but mainly concern transactions of the central bank.
The analysts receive data as an indicator for the presence of inflow or outflow of capital from abroad, as most of the foreign currency that comes into China, is sold to the central bank.
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Asian markets closed with mixed results

Asian MarketsOn Wednesday, the leading stock index in Asia closed in different directions. Investors opted to collect profits despite positive boost to Wall Street. The Japanese Nikkei 225 index erased initial gains and closed with a decline of 0.10% to 15,328.56 points. The Chinese Shanghai Composite rose with 0.14% to 2,078.49 points and was one of the peak for a second day. The South Korean KOSPI also erased initial gains and closed with a slight decrease of 0.03% to 2,028.32 points. The Hong Kong’s Hang Seng rose 0.80% to 23,971.87 points – the highest figure since December 2013. The Australian shares and the local AUD rose after the inflation data. The leading index S&P/ASX 200 rose with 0.60% to 5,576.75 points. The main stock measure in Indonesia JCI rose 0.48% to 5,107.68 points and the rupee appreciated by 1% against the USD. The market participants welcomed the victory of Djoko Uidodo presidential elections in the country with 53% of votes.
In Japan, the shares of Nidec fell 0.1% before the publication of the financial results of the company. After the end of the trading session the company reported a growth of 25.5% in operating profit for the first quarter.
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Worst days of the gold are at their end

goldAmid loss of 2.1%, which achieved gold last week and news that hedge funds may not achieve their annual targets, analysts Bank of America Merrill Lynch believe that the worst days of the precious metal are already history. In a note to clients strategist in charge of raw materials in the bank Michael Widmaier tracks how the gold price has stabilized since the beginning of the year. According to him, it happened thanks to sustained demand for physical gold from developing countries – especially China and India, which in turn offset investor sales. Widmaier believes that in the future this balance will be broken in favor of gold.
“We believe that demand for physical gold from emerging markets will gain momentum in the medium term, as countries become more affluent. Therefore we assume that the worst of the gold market may be passed”, said the analyst.
Of course, he warns not to expect smooth sailing from here onwards. At this point investors in developed markets remain the main buyers. Gold should buy and sell in the presence of macroeconomic topics. In 2013 rising nominal interest rates and falling inflation expectations led many managers to make corrections in their portfolios to gold.
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Saudi Arabia opens its capital market to foreigners

Saudi Arabia capital marketSaudi Arabia opens stock market to foreign investors, giving foreigners more access to the biggest Arab bourse. The move reflects the efforts of the oil-rich kingdom to diversify its economy. The country’s government has allowed foreign financial institutions to trade in securities of companies in the index Tadawul All Share Index, it is given the power of the local capital market regulator CMA to determine when to do so. The market value of 531 billion USD currently have access only local investors and citizens of the six countries of the Cooperation Council in the Persian Gulf.
Saudi Arabia removes barriers to one of the most limited major stock exchanges in the world against the government plans to invest 130 billion USD in support of industries other than oil. The 90-year-old King Abdullah sustained economic growth by an average of 6.4% over the past four years, although neighbors in the Middle East – from Egypt to Iraq and Dubai – were shaken by political and financial turmoil.
Over a year ago by the regulator CMA suggested rules that must meet international investors, including requirements for assets under management amounting to at least 5 billion USD and at least five activities. The rules are designed to limit speculative flows. At least three banks, including HSBC Holdings Plc and Deutsche Bank AG, were tested transactions say three sources anonymity.
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Manufacturers prices in Germany continue to decline

Manufacture Price GermanyThe manufacturers prices in Germany continue to decline. In June they fell for a 11th consecutive month on an annual basis, although the rate of decline was slower than that reported a month ago. On a monthly basis, the index remains unchanged, reveals the latest data of the Federal Statistical Office Destatis. In June, the index of producer prices in Germany fell 0.7% yoy in May after the reported fall of 0.8%. The market forecasts were that the index will decline by 0.7% from June 2013
On a monthly basis, the index of producer prices remained unchanged. In May, the index was 0.2% lower. The analysts also expect a change. The index measures the average change in prices of goods and services sold by producers in the market during a period. Meanwhile in June the inflation in Germany rose 0.3% MoM and by 1% yoy. Furthermore, in July German investors confidence fell for the seventh consecutive month amid slower growth and geopolitical risks that undermine prospects for the largest economy in Europe.
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