... due to capital outflows from emerging markets like Russia driven by heightened Fed rate hike expectations. 2. PMI Indices (04:45 MSK): Positive PMI readings from China (services) indicate rising economic activity which can bolster demand for Russian export commodities like oil. Conversely, weak PMI figures may signal declining demand impacting Russian exports negatively. 3. Russian PMI Indices (09:00 MSK): These indices reflect conditions within Russia's services sector—growth above 50 indicates expansion supporting investment ...

... give different estimates, taking into account current economic conditions and possible risks. The Russian Ministry of Economic Development expects the exchange rate to be around 93.8 rubles per dollar. This forecast is based on stable revenues from oil and gas exports, as well as possible support measures from the Bank of Russia. SberCIB Investment Research forecasts the exchange rate at 95 rubles per dollar, relying on high interest rates in Russia, which make the ruble attractive for short-term investments....

... recorded – according to the API, inventories increased by more than 19 million barrels, marking an all-time high for the entire observation period. Such an anomalous surge (presumably due to temporary factors like releases from reserves and diminished exports) pressured oil prices last week. The market wants to understand whether this was a one-off spike or a continuing trend. If the API again reports a significant increase in stocks, this could heighten downward pressure on WTI/Brent oil prices, particularly ahead of ...

... energy and industrial goods. U.S. Economic Data: A stronger dollar resulting from robust job and housing market indicators could reduce the competitiveness of European exports. EU Consumer Confidence: Weak sentiment in Europe might dampen demand for U.S. exports and influence trade balances. Energy Markets: U.S. natural gas inventory changes could affect European energy prices and security. Investor Recommendations Commodities: Oil and Gas: Monitor central bank decisions in Turkey and South Africa, as these could impact emerging market currencies and, subsequently, global commodity prices. Currency Markets: U.S. Dollar: Economic data, such as jobless claims and manufacturing ...

... focus on Eurozone inflation data and UK retail sales, offering insights into consumer behavior and price stability in Europe. In the U.S., industrial production and consumer sentiment data will shape expectations for economic resilience, while import/export prices shed light on inflationary pressures. China’s new home prices give a pulse on the housing market, and the Baker Hughes oil rig count will influence energy prices. Emerging market data from India and Brazil add to the day’s insights, making it essential for investors to stay updated with Open Oil Market! Friday, November 15, 2024: Key Economic Events for Investors ...