Bank of Japan representatives are increasingly expressing concerns about a rate hike ahead of their December 19 meeting (Nakamura), traditionally citing a “broader range of data.” Given the Bank of Japan’s caution about sudden market changes and its intention to provide prior notice to investors regarding its actions, the rate may remain unchanged at this…
The London stock market is shrinking at the fastest possible pace due to active mergers and acquisitions. The number of delisting companies increased by 10% this year, the volume of transactions with British firms increased by 81%, exceeding $160 billion. Foreign private capital is actively working in the market, as British stocks are attractive to…
Forecast for GBP/USD on December 4, 2024 Source link
Donald Trump expressed concern about the intentions of the BRICS countries to create an alternative currency to the US dollar. He warned that in the case of such a step, he could introduce tariffs at the level of 100%. Trump also said that the idea that the BRICS states can move away from the dollar…
Despite the acceleration of annual inflation in the Eurozone from 2.0% to 2.3%, the euro failed to rise and even weakened. Although the scale of the decline was limited, it still seems illogical. The issue is that most market participants focus on the data highlighted by the media, which tends to emphasize monthly figures rather…
Steelmaking is declining in Russia. According to data for January-October 2024, steel production decreased by 7% compared to the same period last year and amounted to 59.1 million tons. The largest drop was shown by Magnitogorsk Iron and Steel Works (MMK) – by 12% and Severstal – by 8%. China will restrict exports of tungsten,…
On Wednesday morning, oil prices showed slight fluctuations, reflecting the impact of both signals of a reduction in fuel reserves in the United States and news of a truce between Israel and Lebanon. Brent futures rose slightly, trading at $72.86 per barrel, slightly above the closing level of the previous session ($72.81). A similar trend…
The Russian ruble continues to weaken, despite the support from tax payments and stable oil quotes. On the Moscow Exchange, the yuan has exceeded the mark of 14.5 rubles, and the dollar is approaching the level of 106 rubles. The decline in the Russian currency is due to several factors: the aggravation of the geopolitical…
After the rapid growth that raised bitcoin to the $100,000 mark, the exchange rate of the digital asset decreased slightly and stabilized. On Sunday, it fell to $95,611, and on Monday it is trying to stay at $98,402. According to experts, bitcoin’s growth was so rapid that investors began to fear a correction. Some analysts…
Donald Trump’s return to the political arena is alarming for investors, since his economic views, as during the previous presidency, are clearly nationalistic in nature. The EUR/USD pair fell sharply, reaching a two-year low, due to fears that the trade wars that Trump will inevitably resume will lead to an economic crisis in the eurozone….