ACTIONS news, forecasts, expectations 2022 - page 62
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Schroeder's appointment to Gazprom's board would give Europe a resource for influencing the company
MOSCOW (Reuters) - President Vladimir Putin saw a benefit for Europe in former German Chancellor Gerhard Schroeder's nomination to the board of Russian Gazprom (MCX:GAZP), which he said could gain direct access to information about the gas giant's operations and influence decisions.
Schroeder, who is also chairman of the shareholder committee of Nord Stream, the pipeline operator, has been nominated to Gazprom's board of directors, which will be elected at the annual meeting on 30 June.
Europe blames Gazprom for holding back gas supplies to its market and high spot prices for the fuel, but has been slow to launch the new Nord Stream 2 pipeline. Gazprom, for its part, attributes the decline in exports to Western Europe to a lack of gas purchase requests and calls the new pipeline a purely commercial project, beneficial to Russia and the European Union.
"Today, a lot of people in Europe are very concerned about whether there will be regular supplies of Russian energy resources to Europe in general, and to Germany in particular. And I think if such a decision is made that Mr. Schroeder may be a member of Gazprom's board of directors, then, just for the purpose of control, including by an independent expert, which in this sense is Mr. Schroeder, a man of integrity, whom we respect, and who, above all, sets the task of implementing the interests of his own country", Putin said at a joint press conference with German Chancellor Olaf Scholz.
"The FRG, the Europeans will have a person who can both influence the decisions taken as a member of the board of directors and certainly receive unbiased information from there, directly from Gazprom. I think that will only benefit our cooperation, and we can only be happy about it," he added.
Putin reminded that thanks to Schroeder, who supported the first Baltic Sea pipeline to Germany, Nord Stream, Germany now gets gas five times cheaper than on the spot market.
Putin added that the new pipeline to Germany, Nord Stream 2, has been ready for commercial operation since last December and everything depends only on the German regulator to decide whether to start supplying through this route.
(Oksana Kobzeva, Vladimir Soldatkin. Editor Gleb Stolyarov)
p.s.
On Gazprom, I am still in the short term holding a buy futures for a couple of days
USDRUB is back in the stall and continues to move to its rightful place in the corridor.
The finicky horses have been restrained, (that would be a Vysotsky song), I beg you not to gallop away.
Business FM
Powerful growth continues
Broadcast Grandpa with dementia - the rhetoric is already soft.
MFA, the phrase 'air trade' slips into the rhetoric
"Powerful growth" of what is "ongoing"?
"Powerful growth" of what "continues"?
this is rhetoric on Business FM radio - he is a media worker, not a trader :))) well maybe he has never seen really big candles before
On radio BUSINESS FM
there is talk that the market has probably come to its local highs, that the market may yet see pressure from a likely rate hike and the market's puppyish optimism will change.
p.s.
well, probably now it is logical to fix the positions or at least part of the positions
"Powerful growth" of what "continues"?
Balance. Against that backdrop, the rest is not so important. :)
Biden is handsome!
I love that old man, falling down the gangways either from old age or dementia.
I think we should send him a birthday card with a wish to talk more rubbish.
I really love him, he's so cute :)
If he were my grandfather - I would ask him one question before a public speaking, grandpa say in SELL or BUY ?
US stock market falls in trading
US stock indices started trading lower on Wednesday. Traders are waiting for the publication of the minutes of the January Federal Reserve meeting.TheDow Jones Industrial Average index fell 204.10 points (0.58%) to 34784.74 points by 6:10pm Moscow time. TheStandard & Poor's 500 fell 30.84 points (0.69%) to 4,440.23 points.The Nasdaq Composite lost 165.21 points (1.17%) to 13974.54 points.
"Investors will be closely studying the minutes of the January 26 meeting of the Federal Open Market Committee (FOMC). They will be looking for clues as to whether the Fed intends to raise the rate by more than 25 basis points. The market is now predicting that a 40bp hike will be decided at the March meeting," Saxo Bank analysts wrote.
In addition, market attention remains focused on the geopolitical situation in Eastern Europe. The optimism provided by Russia's reported withdrawal of troops from the Russian-Ukrainian border to their home bases has started to fade following statements by NATO's Secretary General that the organisation still sees no signs of de-escalation between Russia and Ukraine.
Meanwhile, investors are analysing fresh statistics from the USA.
Retail sales in the country jumped by 3.8 percent in January compared to the previous month, the Commerce Department said. Analysts surveyed by Bloomberg and economists who took part in the Trading Economics survey predicted an average increase of 2%.
Sales of furniture and home furnishings rose 7.2 percent, while building materials and gardening supplies rose 4.1 percent. Car dealers increased their sales by 5.9% and department stores by 3.6%.
On an annualised basis, the country's total retail sales rose 13% last month after jumping 16.7% the previous month.
"Omicron and inflation were unable to force US consumers to forego shopping in January..., retail sales rose at their highest since March 2021, when households started receiving cheques from the government," said Oxford Economics economists.
US industrial output rose 1.4 per cent in January from the previous month, Federal Reserve data showed. Experts polled by The Wall Street Journal predicted an average growth of 0.5%. Respondents to Trading Economics had expected an increase of 0.4%. Industrial production in the USA fell by 0.1% in December. Industrial production rose 4.1% year-on-year after rising 3.8% in December.
The ongoing reporting season also remains in focus.
Kraft Heinz Co., one of the world's largest food producers, posted a net loss in Q4 2021, but adjusted earnings and revenue beat market expectations. The company's share price is up 4.5 percent.
Online video game platform developer Roblox Corp. increased its net loss by 2.4 times in October and December, and it was higher than forecast. The company's share price is down almost 24%.
Media company ViacomCBS Inc. more than doubled its net profit last quarter. Nevertheless, the result was worse than the market forecast. The company's capitalization is down 20.8%.
Adjusted earnings and revenue at Shopify (NYSE:SHOP) Inc, the operator of an online shopping platform, beat market forecasts in Q4. However, the company recorded a net loss due to one-off factors. Shopify shares are down 16.5%.
Internet company IAC/InterActiveCorp increased revenue by 52% in October-December, but adjusted EBITDA was worse than the market forecast. The value of the digital publishing owner is down 6.6%.