European Economics Preview: Eurozone Economic Confidence Data Due

Economic confidence from euro area and mortgage approvals from the UK are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany’s import prices for August. Import price inflation is seen rising to 16.1 percent from 15.0 percent in July.

At 3.00 am ET, the National Institute of Economic Research publishes Sweden’s economic tendency survey results.

In the meantime, flash consumer price data from Spain and economic confidence data from Turkey are due.

At 4.30 am ET, the Bank of England is scheduled to release mortgage approvals data for August. The number of mortgages approved in August is seen at 73,000 versus 75,150 a month ago.

At 5.00 am ET, the European Commission releases economic confidence survey results. The economic sentiment index is forecast to fall to 116.9 in September from 117.5 in August.

Marine Petroleum Trust Stock Surges 65% As Oil Price Hits 3-Year High

Shares of nano-cap company Marine Petroleum Trust (MARPS) are surging over 65% on Tuesday morning despite no stock-related statement from the company to drive the shares. The stock might have been driven by increase in oil prices. Brent crude oil futures hovered near three-year highs on Tuesday, while U.S. benchmark crude held close to 2014 peaks. This surge was driven by OPEC and other major producers’ decision to not to increase their output.

MARPS is currently trading at $8.50, up $3.40 or 66.67%, on the Nasdaq, on a volume of 15.8 million shares, above average volume of 55 thousand shares. The stock has traded between $1.61 and $8.98 in the 52-week period.

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the US. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering about 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas.

Imperial Brands On Track To Meet FY Expectations – Quick Facts

While issuing pre-close trading update, Imperial Brands plc (IMB.L,IMBBF.PK,IMBBY.PK) stated that the business continues to perform well and the Group remains on track to deliver its full-year results in line with expectations. Group net revenue is expected to grow by around 1 percent on an organic, constant currency basis, for the year. Group adjusted organic operating profit growth is expected to be in line with the Group’s guidance of low to mid-single digit constant currency growth. Full-year adjusted operating cash conversion is also expected to be in line with expectations, the Group noted.

Chief Executive Stefan Bomhard said: “We have made good progress in implementing our strategy through a sharper management focus, greater investment behind our priority combustible tobacco markets and new market trials in heated tobacco and vapour.”

European Economics Preview: Eurozone Final Composite PMI Data Due

Final composite Purchasing Managers’ survey results from euro area are due on Tuesday, headlining a busy day for the European economic news.

At 2.45 am ET, France’s statistical office Insee publishes industrial output data for August. Economists forecast production to climb 0.4 percent on month, following a 0.3 percent rise in July.

At 3.15 am ET, Spain’s services PMI data is due. The index is seen falling to 58.0 in September from 60.1 in August.

At 3.45 am ET, IHS Markit publishes Italy’s services PMI data. Economists forecast the index to drop to 56.5 in September from 58.0 in August.

Thereafter, final PMI survey results are due from France and Germany at 3.50 am and 3.55 am ET, respectively.

At 4.00 am ET, IHS Markit publishes euro area final composite PMI data. The composite output index is seen at 56.1 in September, unchanged from the flash estimate, and down from 59.0 in August.

Half an hour later, the UK Markit/CIPS final composite PMI survey results are due. Economists expect the services index to ease to 54.6 in September, as initially estimated, from 55.0 in August.

At 5.00 am ET, Eurostat is scheduled to issue euro area producer prices for August. Producer price inflation is expected to advance to 13.5 percent from 12.1 percent in July.

Russia reports record daily death toll from COVID-19

MOSCOW (Reuters) – Russia reported 929 coronavirus-related deaths on Wednesday, the largest single-day death toll it has recorded since the pandemic began.

The government coronavirus task force also said it had recorded 25,133 new cases in the last 24 hours, a slight increase from a day earlier.

Bad News for Bourbon Lovers: No George T. Stagg in 2021

The Buffalo Trace Distillery says barrels of the cult favorite whiskey produced in 2006 did not live up to its standards.

By Robert Simonson

Biggest Battle of World War II

Although the United States has been in many wars, Congress last used its power to declare war in 1942, according to the archives of the House of Representatives. That declaration was part of a series of declarations of war during World War II. The other well-known congressional actions were for World War I and the War of 1812.

WWII was, without a question, the largest war in history — in terms of the scope of nations involved, the wide geography of where battles were fought, and the use of ground, air, and naval weapons. The biggest battle of the war was the Battle of Stalingrad, with an estimated 2 million casualties.

Many of the battles in WWII were conflicts between the Soviet Union, one of the Allied powers, and Nazi Germany, the main Axis power. These battles were characterized by the size of military resources involved and the significant civilian population loss. These are 18 of the deadliest weapons of all time.

The fog of war always complicates exact casualty totals. The estimates are the result of historians patching together primary documents over many years.

To identify the biggest battle of WWII, 24/7 Wall St. reviewed the number of estimated casualties — deaths and wounded. As part of our evaluation, we included civilian casualties. To make our final selection, we reviewed material from sources such as the Imperial War Museum in London, World War II battle database and more.

Click here to see the biggest battle of World War II