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Wednesday, November 13, 2024: Key Economic Events for Investors
... output supports the yen and Japanese stocks, while weak data could indicate economic slowing, affecting export-dependent sectors.
China
Trade Balance Data (October) — Published at 06:00 GMT
China’s trade balance reflects the country’s import and export trends. Strong export data may signal global demand, especially benefiting commodities and industrial goods, while lower imports might raise concerns about domestic consumption.
3. U.S. Market Events
United States
Consumer Price Index (CPI, October) ...
Is it possible to replace Russian LNG with American: reality, benefits and risks for the European market
... more than 20% of these supplies coming from Russia. Europe's technical capacity to receive LNG is still limited, as a significant increase in import volumes requires new terminals and infrastructure, which will take time and significant investment.
LNG exports from Russia and its role in the European market
Russia ranks third in LNG exports in the world, behind only the United States and Qatar. The main buyers of Russian gas, besides Europe, are China and Japan, but a significant part of exports is ...
Chinese Electric Vehicles: A New Era in the Automotive Industry
... China (42 million out of 300 million) now consists of electric vehicles, up from less than 2% in 2020.
This rapid growth is beginning to apply pressure on gasoline demand in the country, which could have serious consequences for the oil industry and oil exporters, including Russia.
Government support, infrastructure development, and technological innovations have become key factors in this rapid growth.
Global Influence
China is becoming a leader in the global electric vehicle market:
One out of every ...
Slowdown in GDP growth in Russia: Central Bank of Russia forecast and possible consequences
... structure create an imbalance in the economy, when some industries do not receive sufficient support for development. This can restrain economic growth, since investments in infrastructure and social projects are postponed until a later date.
Decrease in export revenues
Sanctions and restrictions on world markets have affected the volume of Russian exports, which has reduced the inflow of foreign exchange earnings. For many Russian companies, especially in the oil and gas sector, this has become a significant ...
The budget payments to oil workers will be divided by fuel types.
... not affect payments for suppliers of the other type. The relevant bill was developed by the Ministry of Finance.
The damping mechanism compensates part of the difference between the indicative (conditional) price of fuel, set by the state, and its export value. It is paid for wholesale fuel supplies with a deviation from the indicative price (on average per month) of no more than 10% for gasoline and no more than 20% for DF. Domestic prices are determined based on fuel trading on the St. Petersburg ...