Economic mirror of the day, comments

Economic mirror of the day

The dollar-to-euro exchange rate is falling on weak data on manufacturing activity in the US.
The index of business activity in the manufacturing sector of the US (ISM Manufacturing) in April dropped to 54.8 points from 57.2 points a month earlier, according to the Institute of Supply Management (ISM), published on Monday. Experts predicted a smaller drop to 56.5 points.
The euro rose to $ 1.0911 compared with $ 1.0899 at the close of the previous session.
The dollar to the yen rose to 112.11 yen by this time against 111.84 yen at the close of the previous session. The euro to the yen rose to 122.35 yen compared to 121.92 yen the day before.
The Australian dollar rises on Tuesday at the meeting of the Reserve Bank of Australia (RBA), which left a key interest rate at a record low of 1.5% per annum.
RBA chief Philip Lowe said after the meeting that improving the situation in the world economy contributes to the growth of commodity prices. This, he said, provides significant support to the Australian economy.

By the end of trading on May 1, the value of the July contract for Brent crude on the ICE Futures exchange in London fell by $ 0.53 (1%) to $ 51.52 per barrel.
June futures for WTI on the New York Mercantile Exchange NYMEX dipped by $ 0.49 (1%) - and amounted to $ 48.84 per barrel.
Today, black gold is slightly cheaper.
July futures for Brent crude oil on the London stock exchange declined by 5 cents (0.1%) to $ 51.47 per barrel.
Quotations of the June contract for WTI oil decreased by 20 cents (0.2%) - to $ 48.74 per barrel.

Saudi Arabia in June will reduce prices for all types of oil that are exported to Asia, the state-owned company Saudi Aramco reported.
The most significant drop in the Arab Super Light brand is $ 0.7 per barrel. As a result, it will cost $ 3.05 per barrel above the average price of oil from Oman and Dubai.
At the same time, for US customers, Arab oil will rise in price by $ 0.1 per barrel, and Arab Extra Light - $ 0.2 per barrel.
For buyers from the Mediterranean countries, prices from next month will increase by $ 0.6-0.95 per barrel, for countries of North-West Europe - by $ 0.5-0.95 per barrel. In this case, the cost of more "heavy" grades of oil will increase more significantly.

British oil company BP Plc. completed the first quarter with a profit amid rising fuel costs and cost-cutting measures.
Adjusted for replacement cost profit in January-March was $ 1.449 billion against a loss of $ 0.583 billion over the same period last year, the company said in a press release.
The base profit increased to $ 1.51 billion compared with $ 0.532 billion a year earlier.
BP's total hydrocarbon production in the first quarter increased by 5% to 3.53 million barrels of oil equivalent per day, excluding the share in Rosneft - by 3%, to 2.388 million boe / d.
The average market price for Brent crude oil in January-March was $ 53.69 per barrel compared to $ 33.94 per barrel in the same period in 2016, the report said. The average selling price of the company's oil in the world increased to $ 49.87 per barrel from $ 29.61 billion.
BP predicts that the program for the development of large projects will increase new production by 800 thousand b / d by 2020.
Capital expenditure of the company in January-March amounted to $ 4.068 billion compared to $ 4.478 billion a year earlier.
At the end of March, the net debt of the company increased to $ 38.6 billion compared with $ 30 billion a year earlier.
BP estimates the payments related to the oil spill in the Gulf of Mexico at $ 4.5-5.5 billion in 2017 (in the first quarter has already been paid $ 2.3 billion) and about $ 2 billion next year.