Category Archives: Forex

In some European countries, an increase in the incidence of COVID-19 has been recorded

A number of European countries are concerned about the growing incidence of coronavirus, as well as an increase in the number of hospitalizations due to COVID-19, local media report.

So, in Italy, more than 86.3 thousand cases of coronavirus were detected per day, the day before – 83.2 thousand. Over the past 24 hours, 72 people have died after being infected with coronavirus. The Italian Ministry of Health noted that the number of people who currently have confirmed COVID-19 is almost 1 million people.

In the UK, in turn, an increase of almost three times in the number of COVID-19 cases was recorded in a week. According to British media, about 2.3 million coronavirus cases were reported in the UK at the end of June. British experts believe that this year the country may face a new wave of morbidity.

According to the French medical services, more than 133 thousand cases of coronavirus were detected in the country on Thursday, this figure increased by 67% compared to the previous week. In addition, in France, there is a significant increase in the level of hospitalizations among the elderly – over the age of 80 years.

On the eve of the WHO reported that they expect a “high level” of the spread of coronavirus in Europe this summer. According to the organization, there is an increase in morbidity in almost all countries of the region, and the highest rates are recorded in Austria, France, Germany, Greece, Luxembourg, Portugal and Cyprus.

TUI paid Germany a debt of 671 million euros

German TUI (ETR:TUIGn) AG, Europe’s largest tour operator, has repaid a debt of 671 million euros to the state.

This amount was allocated to TUI in the form of assistance from the ESF (Economic Stabilization Fund), a stabilization fund created by the German authorities to support businesses during the pandemic.

According to the TUI report, the amount of payments to the state, including interest, amounted to 725 million euros. Payments were made from funds received from the placement of shares in May of this year and from the company’s internal reserves.

In addition, TUI reduced to 2.1 billion euros from 2.4 billion euros the debt on the credit line opened for it by the German development bank KfW.

“We continue to reduce debt, as planned, in order to strengthen our balance sheet and be ready for the period after the end of the pandemic. From an operational point of view, we still forecast a strong summer season,” the company said.

TUI shares have risen in price today. Since the beginning of this year, their value has fallen by 40%.

Inflation in the eurozone accelerated to a record 8.6 in June%

Consumer prices in the eurozone increased by 8.6% year-on-year in June 2022, according to preliminary data from the Statistical Office of the European Union (Eurostat). This is the maximum indicator in the entire history of the introduction of calculations. In May, annual inflation in the eurozone was 8.1%. Analysts surveyed by Trading Economics, on average, expected prices to rise by 8.4% in June.

Compared to the previous month, consumer prices increased by 0.8%.

Consumer prices, excluding volatile factors such as the cost of energy, food and alcohol (CPI Core index, which is tracked by the European Central Bank), increased by 3.7% in annual terms in June after rising by 3.8% in May.

Energy prices accelerated to 41.9% last month after rising 39.1% in May. Prices for manufactured goods increased by 4.3% (+4.2% a month earlier).

The cost of food, alcohol and tobacco products increased by 8.9% after an increase of 7.5% in May. Services rose in price by 3.4% (+3.5% a month earlier).

The highest annual inflation was recorded in Estonia (22%) and Lithuania (20.5%). The lowest price growth was observed in Malta (6.1%) and France (6.5%).%.

Coupon income payments are expected today for 3 Eurobond issues totaling $723.83 thousand.

Coupon income payments are expected today for 3 Eurobond issues totaling $723.83 thousand..

Issuer

Release

The amount of payments, total

The amount of payments on the bond

BrokerCreditService Structured Products PLC

BCS Structured-5-2026- ev

175.4 thousand USD

21,93 USD

BrokerCreditService Structured Products PLC

BCS Structured-6-2026- ev

25.57 million RUB

4261,64 RUB

BrokerCreditService Structured Products PLC

BCS Structured-9-2026- ev

62.6 thousand USD

15,67 USD

On Friday, July 1, coupon payments are expected for 3 Eurobond issues totaling $736.61 thousand.

On Friday, July 1, coupon payments are expected for 3 Eurobond issues totaling $736.61 thousand..

Issuer

Release

The amount of payments, total

The amount of payments on the bond

BrokerCreditService Structured Products PLC

BCS Structured-5-2026- ev

175.4 thousand USD

21,93 USD

BrokerCreditService Structured Products PLC

BCS Structured-6-2026- ev

25.57 million RUB

4261,64 RUB

BrokerCreditService Structured Products PLC

BCS Structured-9-2026- ev

62.6 thousand USD

15,67 USD

Unemployment in the eurozone fell to 6.6% in May, while in the EU it remained at 6.1%

Unemployment in 19 eurozone countries in May 2022 amounted to 6.6%, according to data from the Statistical Office of the European Union (Eurostat). According to the revised data, in April 2022, the unemployment rate was 6.7%, not 6.8%, as previously reported. Analysts expected unemployment to remain at the April level of 6.8%, according to Trading Economics.

In the EU, unemployment remained at 6.1%, as in April.

In 27 EU countries in May there were 13.066 million unemployed, of which 11.004 million were in the euro area. Compared to May 2021, the number of unemployed decreased by 2.515 million in the EU and by 2.165 million in the euro area.

In May, there were 2.467 million unemployed young people (under the age of 25) in the EU, of which 1.988 million were in the euro area. The youth unemployment rate in the eurozone was 13.3%, in the EU – 13.1% compared to 13.8% a month earlier.

Among the EU countries, the lowest unemployment rates in May were recorded in the Czech Republic (2.5%), Poland (2.7%) and Germany (2.8%), and the highest in Greece (12.7%) and Spain (13.1%).

In France, unemployment remained at 7.2%, in Italy it fell to 8.1% from 8.3% in April.

The confidence index in the eurozone declined in June

The composite index of business and consumer confidence in the eurozone fell to 104 points in June from 105 points a month earlier, according to data from the European Commission. Analysts on average expected an even bigger decline – up to 103 points, according to Trading Economics.

The eurozone consumer confidence index fell to minus 23.6 points in June from minus 21.1 points in May. The indicator of inflation expectations among consumers fell to 42.6 points from May’s 45.5 points.

The confidence indicator in the construction industry dropped to 3.7 points from 6.3 points, in the retail sector it fell to minus 5.1 points from minus 4.2 points.

Meanwhile, the confidence indicator of industrial companies in the region rose this month to 7.4 points from the May value of 6.5 points. Experts expected a decrease to 4.6 points.

The subindex of optimism among representatives of the service sector increased to 14.8 points from 14.1 points, with an expected decrease to 12.5 points.