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Nokia has presented a new smartphone. It is called Lumia 925 (it used to be called Catwalk). Technically, the device resembles its predecessor - Lumia 920. The difference is a thin aluminum body.

 

 

In March 2013, Oppenheimer Funds spent $81-104 million to purchase 6,39% of Yandex’s stock. As of March 1^st, Oppenheimer Funds owned 7.63% of the stock. As of April 30^th, the holding increased up to 11,17%, according to the SEC.

 

European antitrust authorities have inspected several offices of major oil companies. These companies are suspected of oil price manipulation. The names of those companies haven’t been revealed.

 

1.       Production and stocks. According to the latest weekly report published by the EIA, US crude stocks increased by 230 000 barrels up to 365,5 million barrels during the week that ended on May 3^rd.

Analysts had expected a much bigger increase- by 2 million barrels.

Another weekly US oil market report is published by the EIA. The US commercial stocks dropped by 624 000 barrels down to 394, 89 million barrels last week.

The futures on US stock indices are trading in the negative zone due to poor reports. In particular, he industrial production report came out worse than expected, thereby affecting US stock indices.

 

Asian-Pacific stock indices closed today’s trading session mostly in the green zone. In particular, Nikkei 225 exceeded 15000 points for the first time since 2007. Strong corporate reports and weaker yen contributed to the rally. The Japanese Yen has depreciated by 14% since early 2013.

 

Some internet sources have published first photos of Samsung Galaxy S4 Mini, New Cell Phones reports.

 

European stock indices have been multidirectional. Investors are looking forward to the forthcoming business confidence report from Germany and the eurozone’s industrial production report.