Energies
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Recent Posts by Designer
Concerns about Global Demand Slowdown for Goods
market news summary Goldman Sachs has reduced the likelihood of a US economic recession over the next 12 months by about 5% to 20%. In a memo, Goldman stated, “Recent data has increased our confidence that reducing inflation to acceptable levels will not require a recession.” European indices ended the first session of the weekContinue Reading
STARTRADER Monday’s Market Update 17-07-2023
The US dollar experienced a significant decline during last week’s currency market trading, primarily driven by inflation data concerning producer and consumer prices in the United States. This decline occurred despite positive results in unemployment benefits. Bank of America stated that high-risk assets, including stocks, are becoming more appealing as investors inject more liquidity intoContinue Reading
Profit-Taking Operations Push Oil Prices Down
market news summary European stocks recorded a slight decline at the close on Friday, but that did not prevent them from registering the largest weekly percentage gains in over three months amid hopes that the Federal Reserve’s inflation easing would soon allow it to stop raising interest rates. The STOXX 600 index of European stocksContinue Reading
The Federal Reserve May Pause Its Tightening Policy Once Again
market news summary According to Russian news agency TASS, Deputy Prime Minister Alexander Novak stated on Thursday that Russian companies will decide for themselves whether to decrease oil production or exports in August. However, Russia’s primary objective remains reducing global market supplies. Russia has announced a plan to reduce oil exports by 500,000 barrels perContinue Reading
The Dollar Index at $100 Signals a Downward Trend
market news summary China’s exports contracted more than expected in June, affected by a global demand slump, and increasing concerns about the world’s second-largest economy. Customs data showed that the value of Chinese exports in dollars fell by 12.4% in June compared to the previous year, and imports decreased by 6.8% in June from theContinue Reading
