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China has found a replacement for Russian coal.
... companies most affected will be those farthest from China and from the Baikal-Amur Mainline and Trans-Siberian Railway, particularly in the Kemerovo region and Kuzbass. They have already been hurt since August 2022, when the EU banned coal exports to the European market, forcing companies to redirect these volumes to Asian markets. Railways are overloaded, and it has become much more expensive to transport coal from Kemerovo to new markets due to the long transport distances," explains Igor Yushkov.
"Redirecting ...
Dedollarization of Global Finance: Reducing Investments in US Treasury Securities
... markets.
If you want to gain a deeper understanding of current changes in global financial markets, stay with us — Open Oil Market continues to monitor key economic events.
The Dollar Strengthens, the Euro Weakens: DXY Index at Its Highest Since November ... ... in the Eurozone, particularly in key countries like Germany and France.
Decreased expectations for further rate hikes by the European Central Bank due to easing inflationary pressures.
What Should Traders Focus On?
Support levels for EUR/USD are around ...
The profitability of AI-95 gasoline sales at gas stations remained negative for six weeks.
... exchange have been falling for the fourth consecutive trading session. According to data from the territorial index for the European part of Russia from the St. Petersburg Commodity and Raw Materials Exchange (SPbMTSB), the price of AI-92 decreased by ... ... stated that the agency expects a decline in wholesale prices for AI-95 gasoline soon, following the recommended increase in market supply and growth in refining volumes. FAS also expects retail gasoline prices to rise no faster than inflation by the ...
ISM Services PMI Beats Forecast; S&P 500 Rises as Fed Remains Cautious
... widely expected that the Fed will hold its benchmark rate steady at upcoming meetings, emphasising a data-dependent approach. Market expectations for rate cuts later in the year have been dialled back slightly, as officials have signalled that taming inflation ... ... affirmation that global demand remains intact – a positive factor – even as it keeps a watchful eye on price trends. The European Central Bank, too, will note that the world’s largest economy continues to expand, which could support export demand,...
Investing in British Pounds Sterling – Key Features
... significant experience in working with US dollars, euros, and the British pound sterling, Tereshkin has accumulated valuable insights. More information about this successful entrepreneur and investor is available on his personal page:
org-market.ru
(OPEN OIL MARKET).
Advantages of Investing in Pounds Sterling
Investing in the pound sterling offers numerous advantages:
The British currency is largely unaffected by events in other European countries. While the euro may experience fluctuations, the pound sterling has remained stable for many years.
Bankers classify this currency as exotic, much like the Swiss franc. Both currencies exhibit stability and resilience.
The pound sterling ...