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Thanksgiving Day in the USA: history of the holiday, market closure and impact on global investors
... significant national holidays in the US, celebrated annually on the fourth Thursday of November. In 2024, it falls on 28 November. This day not only symbolises family values and thanksgiving for the harvest, but also has a notable impact on financial markets both in the US and around the world. History and traditions of the holiday The origins of Thanksgiving Day date back to 1621, when the first settlers from England, known as Pilgrims, celebrated a successful harvest in Plymouth Colony (now Massachusetts). They invited ...
Modified: 11/27/2024Path: Home / Blog
Tuesday, November 26, 2024: Analysis of Key Events and Reports
Stay ahead of the market with insights into key economic events, including China's MLF rate decision, U.S. housing market data, and the FOMC minutes. Plus, explore the latest earnings reports from major U.S. retailers and tech companies. Learn how these developments may ...
Modified: 11/25/2024Path: Home / Blog
Friday, November 22, 2024 Key Economic Events
Stay informed about the most significant events shaping global markets: central bank decisions from Japan and India, pivotal PMI data from Germany and the Eurozone, and key updates on the U.S. labor and housing markets. Plus, corporate giants like Alibaba, PetroChina, and Deere & Company are set to release their ...
Modified: 11/21/2024Path: Home / Blog
Global Coffee Exports: Trends and Price Impact in the 2023/24 Season
... exports and strengthening these countries’ positions in the coffee market. Robusta: Robusta exports rose by 3.3%, largely due to increased shipments from Uganda and Brazil. These rises helped offset lower exports from Vietnam, attributed to changing market dynamics. Sharp Rise in Coffee Prices: Causes and Effects In addition to higher export volumes, the 2023/24 season has seen a substantial increase in coffee prices. The ICO (International Coffee Organization) Composite Price Index reached 237.05 US cents per pound in July 2024—48.9% higher than the previous year. Key factors driving this price growth include: Climate Changes: Droughts and extreme weather in countries like Brazil and Vietnam have reduced yields and increased production costs,...
Modified: 11/19/2024Path: Home / Blog
Russia Temporarily Bans Enriched Uranium Exports to the US: What Are the Implications?
... adjustments in sourcing strategies, hedging against price fluctuations, and investing in long-term diversification to reduce reliance on single suppliers. A Strategic Power Play in a Complex Market Russia’s decision to halt enriched uranium exports to the US is a strategic move with far-reaching implications for energy markets, international relations, and nuclear energy policies. While the immediate effects are most likely to be felt in the US nuclear sector, the decision resonates globally, signaling a shift towards resource-based leverage in geopolitics. Both Russia ...
Modified: 11/15/2024Path: Home / Blog
Oil Business: A Story Of The Founder Of OilResurs Company
... you for the first time? When you were 19, you already started your first business. So, there were prerequisites before. Tell us about it. To tell you the truth, as I remember I always had an idea to start a business. It became obvious during school years: ... ... metal. My teacher was surprised when in the 5th grade I wrote in the essay that I wanted to be a speculator. I often went to the market and remembered the word “speculative activity”, i.e. when you buy cheap and sell high. And I became a speculator at ...
Modified: 07/18/2019Path: Home / Blog
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