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Monday, November 18, 2024: Key Economic Events of the Day

... Summit - Day 1 Event Description: The G20 Summit gathers leaders of the world’s largest economies to discuss global economic issues, climate policies, and international security. This year’s summit will focus on the impact of current crises, such as geopolitical tensions and trade conflicts, on the global economy. Leaders may address the stability of energy markets, trade barriers, and prospects for international cooperation. Market Impact: Positive actions toward stabilizing trade or removing barriers could boost market sentiment. In contrast, ...

New Reality for Gazprom: The End of a 60-Year Partnership with the EU

... drop nine-fold. This historic low is attributed to several key factors: Termination of transit through Ukraine: Political and geopolitical tensions have led to halting the traditional supply route. Decreased gas consumption in the EU: The shift toward ... ... Siberia" plays a strategic role. Investments in LNG: Developing LNG infrastructure is becoming essential for competition on a global scale. Russian LNG may become a primary source of revenue in the future. What Investors and Traders Should Pay Attention ...

Desert Without a Storm: Why Oil Prices Aren't Breaking Records

... directly intervene in the current conflict, the expert speculates. Blokhin from Alpha Bank notes that even before the onset of the current conflict, China—a key trading partner of Iran—significantly reduced its imports of Iranian oil amid rising geopolitical risks. Iran exports about 1.7 million barrels of crude oil per day, constituting less than 2% of global consumption. According to the analytics firm Kpler, over 90% of Iran’s oil exports go to China, with most being purchased by small private refineries ("teapots") located in Shandong province. Interestingly, these refineries account ...

Ruble Concludes 2024 Above 100 Against Dollar: Causes, Forecasts, and Implications

... Rate: +13.4% (ruble depreciation). Euro Exchange Rate: +7%. Chinese Yuan Exchange Rate: +6.8%. Main Causes of Ruble Depreciation Geopolitical Factors The introduction of new US sanctions against Russia in November 2024 dealt a serious blow to the economy.... ... sanctions affected key sectors and restricted access to international financial markets. Decline in Export Revenues Falling global prices for oil and gas, along with a reduction in their export, diminished the inflow of foreign currency into Russia. ...

Where is Severstal Investing?

... Potential Investments in environmental projects, digitalization, and deposit development offer long-term prospects for stock value growth. Expansion of export supplies strengthens the company’s position in international markets. Risks Dependence on global prices for steel and raw materials. Geopolitical restrictions, including sanctions. Stringent environmental regulations requiring additional costs. Stock Futures Futures on company shares allow traders to capitalize on short-term price fluctuations as well as hedge risks. Severstal demonstrates ...