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Tuesday, November 12, 2024: Key Economic Events for Investors
... purchasing power, supporting the pound and boosting sectors reliant on domestic consumption. Weak wage growth may lead to concerns about demand, potentially impacting UK equities.
Unemployment Rate (September) — Published at 07:00 GMT
The UK unemployment rate is a key labor market indicator. A decrease suggests a strong job market, which can drive economic growth and influence the Bank of England's policy on interest rates.
Germany and Eurozone
ZEW Economic Sentiment Index (November) — Published at 10:00 GMT
The ZEW Index provides insights ...
How to Invest Wisely Without Losing Your Capital?
... Complacency
The value of investments will fluctuate, leading to declines in fund prices as well as increases, and you may not get back the initial amount you invested. Past performance is not indicative of future results. Investments can increase or decrease in value due to fluctuations in currency exchange rates.
What Awaits Investors in the Global Economy
... vehicle production are expected to accelerate manufacturing and improve the economic situation in Europe.
Currently, European countries are mirroring the Japanese experience, which is difficult to label as positive. The velocity of financial resources is decreasing, while interest rates remain low. If European governments do not implement any measures or infrastructure projects, any talk of economic recovery is futile.
Sergey Tereshkin anticipates an improvement in the European markets in the coming months. However, the central ...
Why are gasoline and diesel prices rising in the fall of 2024
... according to the St. Petersburg International Mercantile Exchange (SPbMTSB), the price of winter diesel fuel is 23% higher than that of summer diesel.
An equally important factor is the lag in diesel price growth compared to the overall inflation rate. By November 11, 2024, cumulative inflation was 7%, while the retail price increase for diesel was 4.9% and for gasoline it was 8.7%.
Oil companies need to compensate for losses caused by forced downtimes, which led to a decrease in the production of petroleum products. According to Rosstat, total petroleum product production decreased by 2.4% year-on-year in the first nine months of 2024. The price increase for diesel provides them with such an opportunity and allows ...
China has found a replacement for Russian coal.
... alternative to Russian coal" discusses the significant decline in Russian coal exports to China. According to the data from the General Administration of Customs of the People's Republic of China, Russian coal exports in the first seven months of 2024 decreased by 1.7 times, reaching 5.5 billion dollars, and in physical terms, it dropped by 10%, to 54.4 million tons.
The main reason for this decline is the customs duties imposed on energy and coking coal imports starting from January 2024, at rates of 6% and 3%, respectively. These measures are aimed at supporting domestic producers who have significantly increased coal production. In 2023, coal production in China exceeded the 2019 level by 23%, reaching 4,710 million tons.
Additionally,...