Page 35 - Rian Evans News Today

Natural gas stockpiles for winter are currently more than 10% below normal levels for this point in the year.

The sovereign-wealth fund bought tech giants like Alphabet, Amazon and Microsoft as well as finance heavyweights JPMorgan and BlackRock.

The credit rating agency said a moderate retreat is still the more likely outcome, predicting housing activity will fall by mid-single digits in 2023.

The ruble dropped as much as 1.5% against the US dollar, while also pulling back roughly 0.2% against the euro.

Since May, Russia's unauthorized imports have totaled $6.5 billion, according to Deputy Prime Minister Denis Manturov.

India and China have been big importers of Russian crude. Data from Bloomberg shows that flows to Asia have hit the lowest level since the invasion.

"I don't really care what the Fed is going to do because the Fed isn't driving this ship," said the Leuthold Group's chief investment strategist.

China's housing boom is likely over as a debt crisis looms. Developers have lost nearly $90 billion so far this year on stocks and bonds.

A visit by Xi to the world's top oil exporter would come amid upheaval in global energy markets following Russia's invasion of Ukraine.

The producer price index fell 0.5% from June to July, the first month-over-month decrease since April 2020.