Igor Kuchma

Geopolitics is back — and the EU needs to get ready. After the meeting in Geneva, Deputy Foreign Minister Sergei Ryabkov said, “We are tired of holding empty talks, half-promises, misinterpretations, which often happened in closed-door negotiations. It is a question of Russian national security.” He further said that Russia was not going to invade […]

The year starts on a negative note… The first week of the year turned out to be much more volatile than one would expect. First, there was an attempted revolution in Kazakhstan. To be more precise, mass protests broke out on January 2 against the doubling of gas prices from 60 to 120 tenge per […]

Statistically, the last week of the year has almost always been the strongest period for the S&P 500 – it is estimated that more than 69% of the time since 1950, the index has closed the final week of the year higher. Despite all the circumstance, this time has been no exception – both the […]

The penultimate week of 2021 was rich in events. First thing first, the People’s Bank of China lowered the one-year prime lending rate to 3.8% from 3.85%. Moreover, it is expected that the Chinese central bank will continue easing its policy to curb the economic slowdown. No surprise the regulator recently cut the reserve requirement […]

With just less than two weeks before the new year, uncertainty in the financial markets continues to escalate. Investors fear that new mobility restrictions could affect fuel demand. If the mutated Omicron is indeed shown to have worrisome vaccine resistance and increased transmissibility, black gold prices are likely to correct further, dragging travel sector companies […]

This week it became known that miners have extracted 90% of the total amount of bitcoins. To be more precise, out of the 21 million bitcoins users have access to more than 18.9 million BTC. It is estimated that it will take 119 years to extract the remaining 2.1 million BTC. In this context, two […]

The identification of the new variant of the coronavirus in South Africa, identified as B.1.1.529, has triggered a veritable wave of panic in both financial markets and the real economy. The main fear was that the reintroduction of confinement and mobility restriction measures could end up triggering a new round of global growth slowdown. In […]

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One of the most discussed topics last week was the rise of inflation in the US. In the context of growing gasoline and food, prices the CPI skyrocketed last month to 6.2%, levels not seen since the 1990s. In the wake of the inflation figure, US President Joe Biden said that lowering inflation is one […]

As expected, the FOMC decided to start reducing the monthly pace of its net asset purchases by $10 billion for Treasury securities and $5 billion for mortgage-backed securities. Thus, purchases of Treasury bonds will be reduced to $70 billion and purchases of mortgage-backed securities to $35 billion per month by the end of November. At […]