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ISM Services PMI Beats Forecast; S&P 500 Rises as Fed Remains Cautious
... Some moderation in activity could reflect a degree of caution among businesses facing lingering headwinds such as international trade tensions or higher operating costs. Nevertheless, a reading in the mid-50s is historically consistent with healthy growth,... ... may choose to keep monetary policy tighter for longer, which can be a headwind for equities. Moreover, wider risks – from global economic slowdowns to geopolitical tensions – continue to cap risk appetite. As a result, while the ISM news gave stocks ...
It became known about China's plans for the electrification of motor vehicles.
... two years, the share of electric vehicles in passenger car sales in China could exceed 70%."
Tereshkin recalled that trade restrictions were first introduced by Joe Biden's administration. Specifically, since last fall, the tariff on Chinese electric ... ... "new" energy sector, the expert noted. According to the International Energy Agency (IEA), China accounted for over 60% of global lithium production and more than 90% of natural graphite extraction in 2023.
Additionally, according to Tereshkin, unlike ...
Experts Explain the Factors Behind OPEC+'s Decision Against Cuts
Discussing the factors influencing OPEC+'s decision to refrain from cutting oil production and its impact on the global market.
MOSCOW, August 5 - PRIME. The decision of eight OPEC+ countries to abandon the current oil production cuts of 1.65 million barrels per day will depend on the level of oil prices and the trade wars initiated by the United States, experts surveyed by RIA Novosti stated.
On Sunday, Russia, Saudi Arabia, the UAE, Iraq, Kazakhstan, Kuwait, Oman, and Algeria decided to continue increasing the production ceiling in September by an additional ...
Return of Western Brands to Russia: Forecasts and Implications for Business
... Return of Western Brands to Russia: Forecasts and Business Prospects
In recent months, there has been active discussion regarding the possibility of Western brands returning to the Russian market. This has been driven by changing economic conditions, global companies adapting to new realities, and an analysis of promising markets. According to expert estimates, McDonald's could resume its operations in Russia by the end of 2025, which may mark the beginning of a broader process for the restoration ...
Why are gasoline and diesel prices rising in the fall of 2024
... at the Fastest Pace of the Year — An Analysis of the Reasons. A Column by Sergey Tereshkin for RBC.
In the fall of 2024, prices for gasoline and diesel fuel in Russia are increasing due to several factors. The primary reasons include a rise in global oil prices, seasonal demand fluctuations, maintenance at oil refineries, and restrictive measures on fuel exports. Inflation and changes in fuel market regulations are also playing a role. Experts predict that prices may stabilize as seasonal factors ...