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According to sources familiar with the matter, chipmaker Cerebras Systems is telling potential investors that it expects its IPO to be priced above the upper end of its previously announced price range, as investor demand for the stock surges.1. The Russian Ministry of Economy lowered its forecasts for oil production and exports for 2026-2029. 2. Kremlin spokesperson: A visit by Trump to Russia is not currently on the agenda. 3. Russia claims successful test launch of the Sarmat missile; the first missile regiment will be on combat duty by the end of the year. 4. Russian Ministry of Defense: Russian forces continue special military operations after the ceasefire agreement with Ukraine expired. 5. Ukrainian Foreign Minister: The US has not delayed arms supplies under the "Ukraine Priorities List" (PURL) program. 6. Trump: The Russia-Ukraine conflict will end soon. No consensus has been reached with Putin; Russia should not acquire the Donbas region. 7. Zelensky: Ukraine attacked a gas facility in Russias Orenburg region, more than 1,500 kilometers from Ukraine.On May 13, S&P Global Ratings downgraded Mexicos credit rating outlook from "stable" to "negative," citing continued weak fiscal performance, rising debt levels, and sluggish economic growth. However, it maintained Mexicos BBB rating, two notches above junk status. Mexico is nearing the loss of its highly regarded investment-grade rating. S&Ps current rating is in line with Moodys, while Fitch has placed Mexicos rating just one notch above junk status with a stable outlook. If two of the three major rating agencies downgrade Mexico to junk status, some fund managers will be forced to sell Mexican government bonds. S&P stated, "The negative outlook reflects the risk of extremely slow progress in fiscal consolidation, primarily due to sluggish economic growth, leading to a faster-than-expected increase in government debt levels and increased interest burdens." Mexican President Sinbaum has devised a bailout plan for the state-owned oil company, Pemex. S&P stated that continued government support for the company "will continue to exacerbate the rigidity of Mexicos fiscal structure." Furthermore, uncertainty stemming from this years review of the USMCA is also dampening investor sentiment.Total Energy Services: If commodity prices continue to rise, it is expected to boost increased industry activity in North America.Total Energy Services: Global uncertainty and commodity price volatility continued to weigh on drilling and completion activities in North America during the first quarter. The company ceased its well services operations in the United States in January 2026, and the vast majority of its operating equipment was sold in February.

Focus shifts to UK Inflation as EUR/GBP nears a 16-month high of 0.8720

Daniel Rogers

Sep 09, 2022 17:37

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If the EUR/GBP pair is able to surpass Thursday's high of 0.8712, it will attempt to extend its two-day winning streak. The asset is finally seeking to recapture a 16-month high at 0.8720 as a result of the European Central Bank's (ECB) historic rate hike. After a brief break around 0.8600, the cross has been climbing gradually for the past two weeks on a larger scale.

 

Christine Lagarde, president of the European Central Bank, prioritized taming the hot inflation over growth prospects by announcing a significant 75-basis-point rate increase (bps). There will likely be more rises once the interest rate was raised to 1.25 percent. The central bank won't keep raising key interest rates in the future and will instead continue to emphasize data more.

 

Inflation forecasts have also been made public by the central bank, and they estimate that it will average 8.1% in 2022, 5.5% in 2023, and 2.3% in 2024. The European Central Bank (ECB) attributed the escalating pricing pressures to supply chain restrictions, increasing energy and food prices, and other factors.

 

Inflation in the United Kingdom is double digits, and long-term growth prospects are bleak. In an effort to boost consumer confidence, Liz Truss, the country's next prime minister, has proposed a cap on energy prices to shield homeowners from the approaching winter. The demand for energy rises throughout the winter due to an increase in the use of electric heaters and appliances.

 

According to the new cabinet's energy bill cap, the average home will pay no more than £2,500 in annual energy costs.

 

The UK inflation rate will continue to be a focus in the future. The Consumer Price Index (CPI) previously hit 10.1%. Since energy prices in August have remained hopeful, it is expected that the economic statistics will pick up speed.


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