Thanksgiving Day in the USA: history of the holiday, market closure and impact on global investors

... November, is one of the most cherished holidays in the United States. In 2024, it falls on 28 November. While this day is synonymous with family gatherings, roasted turkey, and gratitude for the harvest, it also carries significant implications for global financial markets. This article explores the history and traditions of Thanksgiving, its impact on the closure of major U.S. financial markets, and the ripple effects felt by global investors. Discover how reduced trading activity and increased volatility during ...

Modified: 11/27/2024
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Frozen Deposits in Russia: How Real Is the Risk? How to Protect Your Savings Amid High Interest Rates

... Short-Term Bonds: These provide quicker access to funds than frozen deposits and carry lower risks. Use Multiple Banks: Distribute your savings across different institutions, focusing on large or state-backed banks to reduce risk. Sergey Tereshkin, Open Oil Market: My Thoughts on Financial Security As the founder of Open Oil Market, I remain optimistic about the resilience of Russia, its financial system, and its people. Despite challenges and rumors, the country has shown its ability to overcome difficulties and move forward....

Modified: 11/26/2024
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Thanksgiving in the USA: History, Market Closures, and Global Investor Impact

Thanksgiving is one of the most celebrated holidays in the United States, held annually on the fourth Thursday of November. Beyond its cultural and familial significance, this day impacts global financial markets as major U.S. exchanges close, creating ripples felt by investors worldwide. Learn about the holiday’s history, its traditions, and how it shapes economic and market activities globally. Thanksgiving in the USA: History, Market Closures, and ...

Modified: 11/26/2024
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Friday, November 29, 2024: Analysis of Key Events and Reports

... Meeting Minutes The BoE will release the minutes from its latest meeting, providing insights into the central bank's monetary policy stance. Investors will look for indications of future interest rate changes, which can influence the British pound and UK financial markets. 13:30 GMT: Canada – GDP for Q3 2024 Canada will publish its GDP data for the third quarter. This report will provide insights into the country's economic health. Strong GDP growth may bolster the Canadian dollar and impact trade relations with ...

Modified: 11/26/2024
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Thursday, November 28, 2024: Analysis of Key Events and Reports

... Executive Board Members Frank Elderson and Philip Lane are scheduled to speak. Their comments could shed light on the ECB's views on inflation, economic growth, and future policy measures. Impact on U.S. and European Markets: U.S. Markets Closed: U.S. financial markets will be closed in observance of Thanksgiving Day. This closure may lead to reduced global market liquidity, potentially increasing volatility in other markets. Eurozone Consumer Confidence: A higher consumer confidence reading could signal economic ...

Modified: 11/26/2024
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Tuesday, November 26, 2024: Analysis of Key Events and Reports

... suggests potential struggles in traditional retail amidst e-commerce competition. Dick's Sporting Goods Inc. (DKS): Prominent sporting goods retailer. An expected 0.7% revenue decline may point to changing consumer preferences in the sports retail market. Manchester United Ltd. (MANU): Renowned football club with significant commercial operations. Financial performance can be influenced by team success, sponsorship deals, and merchandise sales. After-Market (After U.S. Market Closes): Hewlett Packard Enterprise Co. (HPE): A global enterprise information technology company. Investors will look for ...

Modified: 11/25/2024
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Weekly Economic Events Calendar for U.S. and European Traders (November 25–29, 2024)

The upcoming week, from November 25 to 29, 2024, is set to be eventful with significant economic developments that could impact financial markets in Europe and the U.S. Traders should closely monitor key macroeconomic indicators, including Germany's Ifo Business Climate Index, China's interest rate decisions, the release of the U.S. Federal Open Market Committee (FOMC) meeting minutes, ...

Modified: 11/25/2024
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Friday, November 22, 2024 Key Economic Events

... in industrial prices can impact the Canadian dollar and commodity markets. Corporate Earnings Reports Alibaba Group (BABA): The quarterly earnings report will shed light on trends in the Chinese e-commerce sector, potentially influencing global tech market sentiment. PetroChina (PTR): As a major player in the energy sector, its financial results will provide insights into global oil demand and pricing trends. Deere & Company (DE): Reporting on agricultural machinery sales, these results could indicate the state of global agricultural investments. Impact on Europe and the U.S....

Modified: 11/21/2024
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Thursday, November 21, 2024 Key Economic Events

... implications for related industries. Retail Sector: BJ’s Wholesale Club Holdings Inc (BJ): Positive retail trends in the U.S. could signal recovery momentum beneficial for European exporters. Technology Solutions: Intuit Inc (INTU): Continued demand for financial management software highlights the resilience of this segment in developed markets. November 21, 2024, is packed with significant economic and corporate events that could influence global markets. Investors in Europe and the U.S. are advised to closely monitor central bank decisions, economic data, and corporate earnings to ...

Modified: 11/20/2024
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Wednesday, November 20, 2024: Key Economic Events of the Day

On November 20, 2024, global financial markets are poised for significant movements as key economic indicators and corporate earnings reports are released. Investors should pay close attention to China's Loan Prime Rate announcement, inflation data from the UK and Germany, U.S. crude oil inventory ...

Modified: 11/19/2024
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Tuesday, November 19, 2024: Key Economic Events for Investors

... significant events that could impact global markets. Key topics of the day include the G20 Summit, inflation data releases, central bank announcements, and corporate earnings reports. Here’s an overview of the main events and what they might mean for the financial markets, with insights for investors in Europe and the United States. G20 Summit (Day 2) On the second day of the G20 Summit, foreign ministers from leading European nations (Poland, France, Germany, the UK, and Italy) are discussing the ongoing conflict ...

Modified: 11/18/2024
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Monday, November 18, 2024: Key Economic Events of the Day

... anticipate a new sales plan being announced, potentially in Amazon’s next quarterly report. Major Earnings Reports This Week: U.S. and Russia Monday, November 18 Pre-Market: MDMG (Mother and Child): Board of Directors to discuss interim dividends. After Market Close: TCOM (Trip.com Group Ltd ADR) — 02:00: Expected revenue growth of 16.8%. Financial Overview for Monday, November 18, 2024 Currencies and Indices: U.S. Dollar Index (DXY): 106.73 (+0.04, +0.04%) Shanghai Composite Index: 3,372.18 (+41.45, +1.24%) Hang Seng Futures: 19,676.0 (+228.0, +1.17%) Nikkei 225 Futures: 38,265.0 (+205....

Modified: 11/18/2024
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Weekly Economic Events Calendar for U.S. and Russian Traders (November 18 – 22, 2024)

... Reserve, and Bank of Japan as well as on pivotal energy and inflation data. This is your guide to navigating a week packed with vital insights and market-defining events. A comprehensive review of economic events likely to impact global and Russian financial markets in the week of November 18–22, 2024. This week promises to be full of significant events and economic data that could influence markets in the U.S., Russia, and other countries. Keep an eye on key metrics and speeches to make informed forecasts....

Modified: 11/18/2024
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U.S. Debt Reaches a Record $36 Trillion: Implications for the Economy and Investors

... expanded the U.S. debt, emphasizing the need for potential structural reforms. Economic and Market Impacts of the Growing U.S. Debt The record-high U.S. debt level has far-reaching effects on the domestic and global economy, with potential risks for financial markets. Diminished Dollar Stability The growing debt burden could weaken investor confidence in the U.S. dollar as a global reserve currency. Concerns about the U.S.'s ability to manage its debt may drive investors toward alternative assets, potentially ...

Modified: 11/15/2024
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